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One of the biggest Bitcoin miners says Ethereum will soon cross $5,000 One of the biggest Bitcoin miners says Ethereum will soon cross $5,000

One of the biggest Bitcoin miners says Ethereum will soon cross $5,000

Poolin co-founder Li Tianzhao has a big price target for the asset of the worldโ€™s most-used blockchain.

One of the biggest Bitcoin miners says Ethereum will soon cross $5,000

Cover art/illustration via CryptoSlate

The owner of one of the worldโ€™s biggest mining pools says Ethereum (ETH) could reach the $5,000 to $6,000 range this bull run, as per Chinese news outlet Wu Blockchain.

Li Tianzhao, the co-founder of mining firm Poolin, said that the impact of the upcoming Ethereum Improvement Proposal (EIP)-1559 on miners would be โ€œalmost negligible.โ€ โ€œIn the short term, it is estimated that the income of ETH miners drop by 10% to 20% after EIP-1559, but the entire ecosystem will benefit, the price will be reflected, and miners also get the benefits of MEV,โ€ he stated.

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