Mike Novogratz Rejects Bearish ETH Calls, Predicts $4,000 by Year-End
Crypto billionaire and Galaxy Digital CEO Mike Novogratz has pushed back against bearish Ethereum sentiment, forecasting a potential breakout toward $4,000 by the end of 2025.
Responding to technical traders labeling Ethereum’s price action as a “quadruple top,” Novogratz dismissed the pattern as overly pessimistic. “I’ve been trading a long time and haven’t heard the ‘quadruple top’ formation as bearish,” he wrote in an August 1 post on X. “Usually we correct some and then take out the top for the next leg up.”
Ethereum recently tested the $3,900–$4,000 resistance for a fourth time, sparking debate about whether the level has become a hard ceiling—or a springboard. While some traders,…
