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Ethereum (ETH), the second-largest cryptocurrency, has experienced a noticeable decline recently, raising questions among investors. Over the past week, ETH has dropped 6.67% and fallen 14% over the past month. Currently, Ethereum is trading at $3,372, with a slight 0.79% dip in the last 24 hours and a 5.52% decrease in trading volume. Despite this […]
Arbitrum users can now predict Ether price movements with PancakeSwaps AI-powered market, leveraging Alloras machine-learning data for accuracy.
Captain Faibik, a renowned crypto analyst, has recently provided an insightful analysis of Ethereum’s (ETH) performance. As of June 24, 2024, Ethereum is trading at $3,363, marking a 4% decline over the past day and a 5% decrease over the week. Despite this, the 24-hour trading volume has surged by 80.21%, indicating an increased market […]
Cryptocurrency analyst Javon has forecast a significant rise in Ethereum’s (ETH) price, suggesting it could exceed $8,000. His analysis, rooted in recent price movements and technical patterns, points to a bullish trend for Ethereum. Javon notes that Ethereums retracement below the critical target of $4,723.5 has formed a bullish signal, indicating the potential for a […]
While the ETF approval process could be delayed until 2025, it could be Ethers most significant price catalyst.
The world’s second-largest cryptocurrency by capitalization, Ethereum, is trading at $2,412.98 as it drops 3.71% over the last 24 hours. Owing to the decline notwithstanding, optimism in the markets is still high as is evident from a 129.87% increase in trading volume to $32.47 billion now. ETH has fallen 4.56% over the week to end […]
The year 2023 holds potential for a robust rally within the next half of year, drawing parallels from the great performance witnessed in 2020. During [...]
Ethereum is facing a bearish momentum as the price of the cryptocurrency continues to decline, with analysts sounding alarm. Stockmoney Lizards pointed out that Ethereums ascending support has been breached. With this structure, the analyst pointed towards the appearance of the double-top pattern that was highlighted earlier in 2021. He pointed out that for Ethereum […]
Ethereum (ETH) has seen a decrease in the price of -5.70% over the past 7 days, indicating that it is currently underperforming the global cryptocurrency [...]
ETH price, like other major crypto assets, took a breather from the three-week rally over the weekend, perhaps to tap more liquidity before lifting above [...]
The price of Ethereum (ETH) has struggled to hold above $2,000 against Tether (USDT) after being rejected from that region. Ethereum price in the past few weeks outperformed the price of Bitcoin (BTC) but has shown bearish signs indicating the ETH price could be set to retest the nearest support. Related Reading: TA: Ethereum Could Take Hit As The Bulls Show Weak Hands Ethereum (ETH) Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of $1,700, which bounced from that area and rallied to a price of $2,030 after showing great recovery signs in recent weeks. Ethereum’s weekly candle closed with a bullish sentiment, with the new week’s candle looking bearish for the price of ETH as it continued to decline in price to a region of $1,850 after facing rejection from the $2,020 mark. The price has struggled to build more momentum as it tries to hold key support. If the price of ETH on the weekly chart continues with this structure, it could quickly revisit $1,700, acting as a support for the price of ETH. Weekly resistance for the price of ETH – $2,000. Weekly support for the price of ETH – $1,700. Price Analysis Of ETH On The Daily (1D) Chart The price of ETH found strong support at $1,770 above a ranging channel after a successful breakout, with what seems to be an area of interest on the daily chart. ETH bounced from its support and rallied to $2,030, where it was faced with resistance and was rejected from that region. The price of ETH has continued to range in a rising wedge after being rejected from the $2,030 mark; the price has broken to the downside, indicating a possibility of retesting the $1,700 support zone. At the point of writing, the price of ETH is at $1,860, above the 50 Exponential Moving Average (EMA), which corresponds to $1,652. ETH needs to hold above this support area that corresponds with the 50 EMA, a break below this region could send the price of ETH to $1,200. The Relative Strength Index (RSI) for the price of ETH on the daily chart is above 55, indicating good buy bids. Daily (1D) resistance for ETH price – $2,030. Daily (1D) support for ETH price – $1,740, $1,600. Price Analysis OF ETH On The Four-Hourly (4H) Chart The price of ETH continues to look bullish and holds above the 200 EMA price corresponding to $1,648. On the 4H timeframe, the 200 EMA is acting as a support for the price of ETH after breaking out below the rising wedge. If ETH fails to hold the support region, we could see the price retesting the region of $1,200 as the next support area to hold the ETH price. Four-Hourly (4H) resistance for ETH price – $2,030. Four-Hourly (4H) support for ETH price – $1,600, $1,200. Related Reading: Expert Outlines Best Crypto Assets To Hodl During Crypto Winter Featured image from DevianArt, Charts from TradingView.com
A simple comparison shows just how much room both BTC and ETH price action have left to grow.
Explore ETH's future with comprehensive Ethereum price predictions for 2023, 2024, 2025, and 2030
The post Ethereum Price Prediction 2030: How High Can ETH Go? first appeared on StealthEX.Ethereum (ETH) has made significant strides in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This is seen as a crucial step towards deploying the upgrade on the mainnet, signaling Ethereum’s progress in improving transaction efficiency, and scalability and reducing transaction fees by up to 90%. As a result, ETH has surged 2.9% in the last 24 hours, breaking its previous downtrend. Ethereum Dencun Upgrade The Dencun upgrade was first activated on the Sepolia testnet in January 2024, following its deployment on the Goerli testnet. This upgrade aligns with Ethereum’s broader strategy to enhance scalability and reduce transaction costs for its users. Related Reading: Cardano Founder Takes Jab At Solana After Major Outage Introducing the concept of “proto-danksharding,” Dencun aims to decrease transaction costs for layer-2 blockchains and address scalability challenges, paving the way for the eventual implementation of “danksharding” for further benefits. Once fully implemented, Dencun is expected to significantly increase Ethereum’s transaction processing capacity, potentially enabling the network to handle over 100,000 transactions per second. According to the networks development team, this scalability enhancement is crucial for supporting the growing ecosystem of decentralized applications (dApps) and users on Ethereum. Furthermore, Dencun will have notable technical improvements, such as the introduction of ‘blobs,’ which reduce the cost of rollups on the Ethereum mainnet by compressing transaction data off-chain. By caching data needed for short-term transaction verification, blobs aim to minimize storage and processing requirements, further enhancing the network’s transactional capabilities. Anticipation For ETH’s Market Impact The successful implementation of the Dencun upgrade holds the potential for significant implications on ETHs market value, driven by a combination of factors. Firstly, the upgrade’s enhanced network capabilities, including boosted transaction processing capacity and reduced costs, are expected to attract more developers and users to the Ethereum ecosystem. With improved scalability and lower transaction fees, Ethereum could become a more attractive platform for building dApps and conducting transactions. This increased utility and demand for Ethereum could have a positive impact on its market value as more participants seek to acquire ETH tokens. The perceived reliability and forward momentum resulting from the successful implementation of Dencun may attract more investors to consider Ethereum as an investment opportunity. The increased interest and demand for ETH tokens driven by this positive sentiment can contribute to potential price appreciation. Lastly, the anticipation of Dencun’s benefits and the reactions to its successful implementation may lead to short-term price volatility, with investors adjusting their positions based on their expectations of how the upgrade will impact Ethereum’s functionality and market position. Related Reading: Microstrategy Buys More Bitcoin: Heres How Much Profit It Holds Now All of these developments could have a significant impact on ETH’s price trajectory and position the token in a long bullish trend, if this momentum continues to be capitalized on, the next barrier at $2,450 could be easily surpassed, potentially sending ETH to new highs. While the long-term implications remain to be seen, this is a positive development for ETH bulls as the network has lacked significant catalysts and has been involved in a significant price correction for the past 3 weeks. With activations on the Sepolia and Goerli testnets already completed, the final testnet deployment, Holesky, was initially scheduled for February 7, 2024. However, it has now been rescheduled for March 2024. Featured image from Shutterstock, chart from TradingView.com
Like Bitcoin, Ethereum has also picked up steam, with the second-largest crypto token crossing the $3,000 resistance level for the first time since 2021. Interestingly, this crypto analyst believes the rally is far from over, as he highlighted a key price level that ETH could hit soon enough. Ethereum Could Rise To As High As $4,000 Crypto analyst Altcoin Sherpa suggested in an X (formerly Twitter) post that Ethereum could rise to as high as $4,000. His prediction looks feasible when one considers crypto analyst Bitcoin Apes recent analysis of Ethereum from a technical analysis perspective. Related Reading: Crypto Analyst Predicts Dogecoin Parabolic Breakout Above $3.5, Heres When In his X post, Bitcoin Ape noted that the ADX (average directional index) indicator is currently very high, signalling that ETHs bullish trend is strong. Indeed, this bullish momentum might be very strong as the crypto token has since crossed the $3,130 price level, which Bitcoin Ape highlighted in his post as ETHs new resistance level. Interestingly, the analyst noted that Ethereum had already faced four resistance levels in February alone and has so far broken all of them, having also crossed the $3,130 mark. Although Bitcoin Ape failed to give his short-term prediction for ETH, he expects the crypto token to hit its all-time high (ATH) of $4,891 when the bull run returns in full force. Meanwhile, Altcoin Sherpa isnt the only one who believes that ETH could rise to $4,000 soon enough. Standard Chartered Bank had also predicted that the crypto token would hit this price level by the time the Spot Ethereum ETF is approved in May. Crypto analyst Rager also recently gave a bullish prediction for ETHs price, although he put his short-term target at $3,500. However, he added that this price level is only the beginning, stating that it isnt the peak high by any means. Ethereums Rally Not Hinged On Bitcoins Success There is reason to believe Ethereums current bullish momentum isnt due to Bitcoins price surge, as the Ethereum ecosystem also has narratives that may be driving ETHs rally. For one, the Ethereum networks Dencun upgrade is set to take place on March 13. This much-anticipated event is significant as it would usher in advancements in the scalability, security, and usability of the Ethereum network. Related Reading: Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows Meanwhile, talks about a Spot Ethereum ETF likely being approved in May have created a lot of excitement for investors who have chosen to double down on their investments in the second-largest crypto token in anticipation of this happening. The increased interest in ETH is expected to spark significant rallies in its price ahead of the May deadline, when the SEC will have to approve or deny VanEcks Spot Ethereum ETF application. ETH bulls maintain hold above $3,200 | Source: ETHUSD on Tradingview.com Featured image from Bitcoinist, chart from Tradingview.com
Global asset management firm, Bernstein has expressed confidence, foreseeing a fairly strong chance of the United States Securities and Exchange Commission (SEC) approving an Ethereum Spot ETF. SEC Ethereum Spot ETF Approval Imminent In a February 19 research report, Bernstein analysts Gautam Chhugani and Mahika Sapra disclosed that Ethereum, the worlds second-largest cryptocurrency, may be the only digital asset after Bitcoin, to win an ETF approval from the US SEC. Related Reading: Bitcoin Open Interest Reaches $69,000 ATH Levels, What This Means For Price Following the approval of Spot Bitcoin ETF, many crypto enthusiasts anticipated Ethereum as the next in line for an ETF. However, given the SECs current stance on cryptocurrencies and its previous reluctant acceptance of Spot Bitcoin ETFs, the prospects of an Ethereum ETF have become uncertain. In the research report, Bernstein analysts predicted the approval timeline for an Ethereum Spot ETF. They emphasized that the presence of notable traditional financial firms, including Grayscale and Franklin Templeton, competing for a Spot Ethereum ETF, strengthens the outlook for its approval. We think there is a roughly 50% chance of spot Ethereum ETF approval by May, with an almost certain chance of approval within the next 12 months, the Bernstein report read. Ethereums Roadmap To $10,000 With the potential approval of Ethereum Spot ETFs, Ethereum may witness a significant price increase to levels as high as $10,000. Prior to the SECs approval of Spot Bitcoin ETFs on January 10, the anticipation surrounding the ETF had sparked a massive price rally for the cryptocurrency. Following the approval and ETF launch, Bitcoin surged to over $45,000 before witnessing a subsequent price correction that pushed it back below $40,000. Related Reading: Crypto Analyst Reveals Why Shiba Inu Price Will Not Reach $1 Despite the short correction, Bitcoin has been gaining back its momentum, and at the time of writing, the cryptocurrency is trading at $51,998, according to CoinMarketCap. This substantial price increase is largely attributed to the success of its ETF, providing investors with greater accessibility to Bitcoin, and contributing to the cryptocurrencys increased adoption. A similar narrative could unfold for Ethereum following the approval of its ETF. With rising interest from institutional investors and the ETF driving global adoption, the cryptocurrency could potentially attain new all-time highs above $10,000. In the research report, Bernstein analysts also confirmed Ethereums strong positioning for mainstream institutional adoption. The analysts emphasized the need for the cryptocurrency market to shift its attention to Ethereum, as the cryptocurrency is poised to witness gains following the approval and launch of its ETF. ETH price reclaims $2,900 | Source: ETHUSD on Tradingview.com Featured image from Crypto Briefing, chart from Tradingview.com
The new ERC-404 tokens have swiftly taken the spotlight, dominating the cryptocurrency market and consistently attracting interest from investors and traders. This surge in euphoria has led to a substantial increase in Ethereum gas fees, pushing costs to their highest levels in the past eight months. Related Reading: Ethereum Price Signals Uptrend Exhaustion But Dips Could Be Attractive Ethereum Gas Fees Skyrocket Ethereum gas fees have surged to record highs, reaching unseen levels since March 2023, when the average gas price peaked at 101.26 Gwei. The sudden spike in Ethereum gas prices has been attributed to the recent hype surrounding ERC-404 tokens, an experimental token standard that enables native fractionalization of Non-fungible Tokens (NFTs). Presently, reports from Etherscan, an Ethereum block explorer and analytics platform, reveal that on Friday, February 9, 2024, Ethereum gas fees reached an average gas price of 71.4 Gwei, with a maximum and minimum gas price of 59,956 Gwei and 34.4 Gwei respectively. This price is the highest Ethereum gas fees have reached since its explosive peak in May 2023, when the average gas price surged to 155.8 Gwei. The popularity of the ERC-404 can be attributed to the Pandora team heralding the unofficial token and taking advantage of its high liquidity. Additionally, various cryptocurrency traders have shown immense interest in the new token, aiming to capitalize on its potential and maximize its liquidity. One trader recently made $59,000 from the popular ERC-404 token. He revealed that his “secret to making money” was buying and selling the ERC 404 token, MINER, using the high gas fees as an advantage. The co-founder of Gaslite GG, identified as Pop Punk on X (formerly Twitter), has also predicted that introducing ERC-404 tokens will lead to a continuous daily rise in the average Ethereum gas price. About The ERC-404 Token Standard Earlier Thursday, the market capitalization of ERC-404 tokens soared to $296 million, announcing their arrival in the crypto market. The token standard was launched on February 5 and has gained immense traction in crypto. Although ERC-404 tokens remain unofficial due to the absence of a complete audit and endorsement by Ethereum developers, they have witnessed a significant surge in the days following their launch. One of the prominent ERC-404 tokens, Pandora, recently saw a rise of over 400%. Related Reading: Crypto Drama Unfolds: Ethereum Co-Founders 22,000 ETH Transfer Sparks Price Speculation The experimental tokens have gained widespread popularity due to their unique approach of bridging the gap between fungible and non-fungible tokens for better liquidity and fractionalization. Chart from Tradingview
Ethereum price finally took out the $4,000 resistance level, and one analyst says ETH could hit $15,000 by May 2025.
ETHs price could rise 40% from its bullish fractal pattern despite Ethers sideways consolidation over the past week.
On Tuesday morning, Ethereum (ETH) experienced a surge to an eight-month high in anticipation of its upcoming network upgrade. The cryptocurrency traded at $1,884, a [...]
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