{"id":566383,"date":"2023-12-21T22:30:57","date_gmt":"2023-12-21T22:30:57","guid":{"rendered":"https:\/\/ktsl888.com\/?p=566383"},"modified":"2023-12-21T17:08:12","modified_gmt":"2023-12-21T17:08:12","slug":"is-ethereum-eth-ready-for-a-monster-move-in-january-2024","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/is-ethereum-eth-ready-for-a-monster-move-in-january-2024\/","title":{"rendered":"Is Ethereum (ETH) Ready For A Monster Move In January 2024?"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">In a recent\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/sassal0x\/status\/99078211\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">post<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0on X, Sassal, an independent Ethereum educator, is doubling down on Ethereum (ETH). The angel investor said that based on current market sentiment, there are signals that the &#8220;death of ETH&#8221; narrative is losing steam. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This is a reason, in Sassal&#8217;s view, to buy even more ETH ahead of the expected bull run.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Ethereum Bulls Confident, ETH Resistance At $2,400<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">With the bullish stance, the independent Ethereum educator appears to be convinced that Ethereum&#8217;s fundamentals are strong. More importantly, the analyst is confident that the network is well-positioned to capitalize on the growing demand for protocols, including those offering decentralized finance (defi) and non-fungible token minting services.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/crypto\/renewed-hope-for-crypto-2024\/\" target=\"_blank\" rel=\"noopener \">Renewed Hope For Crypto: 2023 Sets The Stage For A Monumental 2024<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Thus far, Ethereum, despite the relatively sluggish performance compared to meme coins like BONK or PEPE, remains the second most valuable network only behind <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-outperforms-43-5k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">From the candlestick arrangement in the daily chart, the coin is within a bullish formation.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The coin rallied by nearly 60%, topping at December 2023 at around $2,400 before pulling back to spot rates. Even with the cool-off, buyers still have the upper hand.\u00a0<\/span><\/p>\n<figure style=\"width: 1147px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.tradingview.com\/x\/ELeHDslU\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/ELeHDslU\/\" alt=\"Ethereum price trending upward on the daily chart | Source: ETHUSDT on Binance, TradingView\" width=\"1147\" height=\"848\"><\/a><figcaption class=\"wp-caption-text\">Ethereum price trending upward on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/ELeHDslU\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">When writing on December 12, ETH prices found support at the dynamic reaction line, the 20-day moving average. It is also trading above the $2,100 support line, marking July 2023 highs. Accordingly, it means the bullish breakout formation of early December 2023 is valid.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"> This move could anchor optimistic buyers targeting $3,000 and even 2021 highs of around $5,000 in the days ahead.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Network Is Upgrading: Will This Drive Prices Even Higher In January 2024?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The likelihood of trend continuation in 2024 also stems from plans by the platform&#8217;s developers to enhance performance and scalability. With Ethereum 2.0 on, developers have been working on layer-2 scaling options like Arbitrum and Optimism to relieve the mainnet.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"> However, going forward, on-chain scaling solutions like Sharding, where the network will be fragmented into units called &#8220;shards&#8221; that are interconnected, will be rolled out.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/matic\/analyst-polygon-brink-major-move-heres-why\/\" target=\"_blank\" rel=\"noopener \">Analyst Says Polygon (MATIC) On Brink Of Major Move, Here\u2019s Why<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Echoing Sassal&#8217;s sentiment, another commentator on the X post\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/infamousarturo\/status\/03633990\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">noted<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0that December and January have historically been &#8220;monster months&#8221; for Ethereum in previous bull markets. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This suggests that even if Ethereum prices have not rallied by triple digits like some meme coins or even outperformed Solana (SOL), the coin could be poised for a significant price rally in the coming months.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"> Still, how ETH prices will evolve in the upcoming sessions remains to be seen. As it is, $2,500 remains to be a key reaction point that if broken could trigger more demand.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a recent\u00a0post\u00a0on X, Sassal, an independent Ethereum educator, is doubling down on Ethereum (ETH). The angel investor said that based on current market sentiment, there are signals that the &#8220;death of ETH&#8221; narrative is losing steam. This is a reason, in Sassal&#8217;s view, to buy even more ETH ahead of the expected bull run. Ethereum Bulls Confident, ETH Resistance At $2,400 With the bullish stance, the independent Ethereum educator appears to be convinced that Ethereum&#8217;s fundamentals are strong. More importantly, the analyst is confident that the network is well-positioned to capitalize on the growing demand for protocols, including those offering decentralized finance (defi) and non-fungible token minting services.\u00a0 Related Reading: Renewed Hope For Crypto: 2023 Sets The Stage For A Monumental 2024 Thus far, Ethereum, despite the relatively sluggish performance compared to meme coins like BONK or PEPE, remains the second most valuable network only behind Bitcoin. From the candlestick arrangement in the daily chart, the coin is within a bullish formation.\u00a0 The coin rallied by nearly 60%, topping at December 2023 at around $2,400 before pulling back to spot rates. Even with the cool-off, buyers still have the upper hand.\u00a0 When writing on December 12, ETH prices found support at the dynamic reaction line, the 20-day moving average. It is also trading above the $2,100 support line, marking July 2023 highs. Accordingly, it means the bullish breakout formation of early December 2023 is valid. This move could anchor optimistic buyers targeting $3,000 and even 2021 highs of around $5,000 in the days ahead. Network Is Upgrading: Will This Drive Prices Even Higher In January 2024? The likelihood of trend continuation in 2024 also stems from plans by the platform&#8217;s developers to enhance performance and scalability. With Ethereum 2.0 on, developers have been working on layer-2 scaling options like Arbitrum and Optimism to relieve the mainnet. However, going forward, on-chain scaling solutions like Sharding, where the network will be fragmented into units called &#8220;shards&#8221; that are interconnected, will be rolled out.\u00a0 Related Reading: Analyst Says Polygon (MATIC) On Brink Of Major Move, Here\u2019s Why Echoing Sassal&#8217;s sentiment, another commentator on the X post\u00a0noted\u00a0that December and January have historically been &#8220;monster months&#8221; for Ethereum in previous bull markets. This suggests that even if Ethereum prices have not rallied by triple digits like some meme coins or even outperformed Solana (SOL), the coin could be poised for a significant price rally in the coming months. Still, how ETH prices will evolve in the upcoming sessions remains to be seen. As it is, $2,500 remains to be a key reaction point that if broken could trigger more demand. Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":564367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[54512,8323,88535,1946,35181,6931,78803,83767,83626],"class_list":["post-566383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-defi","tag-eth","tag-eth-bulls","tag-ethereum","tag-ethereum-2-0","tag-ethereum-price","tag-ethusdt","tag-meme-coins","tag-solana"],"acf":[],"yoast_head":"\n<title>Is Ethereum (ETH) Ready For A Monster Move In January 2024?<\/title>\n<meta name=\"description\" content=\"Ethereum is ready to fly in the next few trading sessions. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. 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The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/ktsl888.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Is Ethereum (ETH) Ready For A Monster Move In January 2024?","url":"http:\/\/ktsl888.com\/news\/ethereum\/is-ethereum-eth-ready-for-a-monster-move-in-january-2024\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum\/is-ethereum-eth-ready-for-a-monster-move-in-january-2024\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Ethereum.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Ethereum.jpeg?fit=1600%2C1120"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["defi","eth","eth bulls","ethereum","ethereum 2.0","ethereum price","ethusdt","meme coins","solana"],"dateCreated":"2023-12-21T22:30:57Z","datePublished":"2023-12-21T22:30:57Z","dateModified":"2023-12-21T22:30:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Is Ethereum (ETH) Ready For A Monster Move In January 2024?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/is-ethereum-eth-ready-for-a-monster-move-in-january-2024\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/is-ethereum-eth-ready-for-a-monster-move-in-january-2024\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Ethereum.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Ethereum.jpeg?fit=1600%2C1120\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"defi\",\"eth\",\"eth bulls\",\"ethereum\",\"ethereum 2.0\",\"ethereum price\",\"ethusdt\",\"meme coins\",\"solana\"],\"dateCreated\":\"2023-12-21T22:30:57Z\",\"datePublished\":\"2023-12-21T22:30:57Z\",\"dateModified\":\"2023-12-21T22:30:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Ethereum.jpeg?fit=1600%2C1120","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/566383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=566383"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/566383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/564367"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=566383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=566383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=566383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}