Mike Novogratz, billionaire investor and CEO of Galaxy Digital, believes Ethereum could finish the year on a high note.
Sharing his outlook on social media, Novogratz dismissed the idea that Ethereum’s current “quadruple top” formation is a classic bearish setup. Instead, he sees it as a pattern that often leads to a short pullback before a fresh rally.
“We’re in the $3,000-$4,000 zone now,” he noted, “but my instinct says we’ll be above $4,000 by year-end, not below $3,000.” His stance builds on earlier comments to CNBC, where he suggested Ethereum could outperform Bitcoin in the next three to six months.
A key driver, he argued, will be the growing trend of companies adding ETH to their balance sheets. Should Ethereum clear the $4,000 level, Novogratz expects it to enter “price discovery,” where past highs offer little resistance to further gains.
The Galaxy chief is also bullish on the broader crypto market. He has set a cycle target of $150,000 for Bitcoin, citing a favorable macro backdrop. In his view, assets like gold, silver, and cryptocurrencies are set to thrive as inflationary pressures mount, fueled by U.S. rate-cut speculation under President Trump and China’s latest economic stimulus policies.
