Glauber Contessoto Predicts Parabolic Rise for Ethereum ETH/USD, Targeting $15,000 This Cycle

Glauber Contessoto, also known as "Dogecoin millionaire," expressed bullish sentiments on Ethereum ETH/USD, predicting a parabolic rise for the second-largest cryptocurrency.

Dogecoin millionaire predicts parabolic rise for Ethereum (CRYPTO:ETH)

What Happened: Glauber Contessoto, also known as the “Dogecoin millionaire,” is bullish on Ethereum (CRYPTO: ETH), predicting a parabolic rise for the world’s second-largest cryptocurrency.

While acknowledging the current market frustration over ETH’s underperformance, he believes that Ethereum is setting itself up for future growth.

Highlighting Ethereum’s appeal to institutional investors, Contessoto described it as a trusted blockchain for building applications, contrasting it with Solana (CRYPTO: SOL), which he labeled a “meme coin blockchain” that mainly attracts high-liquidity traders.

According to Contessoto, institutional investment in Bitcoin (CRYPTO: BTC) will eventually shift to Ethereum for development purposes.

His prediction sees Ethereum hitting $15,000 this cycle if Bitcoin rallies to $200,000, emphasizing its role as the next step for institutional players

Trader CrediBULL Crypto observed that while Bitcoin is testing its range highs, Ethereum is showing no love.

If Bitcoin faces a rejection at these levels, Ethereum could follow suit.

The trader is hoping for either an Ethereum rally to match Bitcoin’s gains or a price dip below $2,800, presenting a buying opportunity.

See More: Bitcoin, Ethereum ETFs And Tokenized Assets ‘Broaden’ Investor Access

Why It Matters: Despite concerns over Ethereum’s sluggish performance, Contessoto and others are highlighting its strong potential for long-term growth, which is being fueled by institutional adoption and its robust blockchain ecosystem.

According to data from IntoTheBlock, large transaction volume increased by 79.9%, while daily active addresses fell by 6.7%. Transactions valued at over $100,000 increased from 5,187 to 8,210 in a single day. Exchange netflows also rose by 527%.

Meanwhile, data from Coinglass showed that Ethereum open interest spiked to $18 billion.