According to Goldman Sachs, Ethereum will be worth $8,000 in 2021.

Ethereum’s recent breakout rise to an all-time high ahead of $4,400, according to the Goldman strategist, is “either a sign of tiredness and topping… or a beginning point of an accelerated rally following a break higher.”

Rzymelka thinks that Ethereum might climb to a high of $8,000 if the historical link with inflation futures continues.

Goldman Sachs Group Inc, a Wall Street investment firm, has allegedly set an end-of-year price objective of $8,000 for Ethereum.

“The local background appears to be favorable to Ethereum, as it has closely tracked inflation markets, possibly reflecting its pro-cyclical character as a’network-based’ asset,” he noted.

Ethereum’s recent breakout rise to an all-time high ahead of $4,400, according to the Goldman strategist, is “either a sign of tiredness and topping… or a beginning point of an accelerated rally following a break higher.”

Rzymelka thinks that Ethereum might climb to a high of $8,000 if the historical link with inflation futures continues.

While recognizing that Ethereum’s surge may look excessive to some, he pointed out that “the RSI has yet to reach the overbought levels observed at previous market highs.”