{"id":577047,"date":"2024-02-27T17:00:09","date_gmt":"2024-02-27T17:00:09","guid":{"rendered":"https:\/\/ktsl888.com\/?p=577047"},"modified":"2024-02-27T09:39:59","modified_gmt":"2024-02-27T09:39:59","slug":"ethereum-4000-crypto-analyst","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-4000-crypto-analyst\/","title":{"rendered":"Can Ethereum Touch $4,000? Crypto Analyst Says ETH Rally Far From Over"},"content":{"rendered":"

Like Bitcoin, <\/span>Ethereum<\/span> 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 <\/span>key price level<\/span><\/a> that ETH could hit soon enough.\u00a0<\/span><\/p>\n

Ethereum Could Rise To As High As $4,000<\/h2>\n

Crypto analyst Altcoin Sherpa suggested in an X (formerly Twitter) <\/span>post<\/span><\/a> that Ethereum could rise to as high as $4,000. His prediction looks feasible when one considers crypto analyst Bitcoin Ape\u2019s recent analysis of Ethereum from a technical analysis perspective.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Predicts Dogecoin Parabolic Breakout Above $3.5, Here\u2019s When<\/a><\/div>\n

In his <\/span>X post<\/span><\/a>, Bitcoin Ape noted that the ADX (average directional index) indicator is currently \u201cvery high,\u201d signalling that ETH\u2019s 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 <\/span>ETH\u2019s new resistance level<\/span><\/a>.\u00a0<\/span><\/p>\n

Interestingly, the analyst noted that <\/span>Ethereum<\/span><\/a> 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 <\/span>bull run<\/span><\/a> returns in full force.\u00a0\u00a0<\/span><\/p>\n

Meanwhile, Altcoin Sherpa isn\u2019t the only one who believes that ETH could rise to $4,000 soon enough. Standard Chartered Bank had also <\/span>predicted<\/span><\/a> that the crypto token would hit this price level by the time the <\/span>Spot Ethereum ETF<\/span><\/a> is approved in May.\u00a0<\/span><\/p>\n

Crypto analyst Rager also <\/span>recently gave<\/span><\/a> a bullish prediction for ETH\u2019s 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 isn\u2019t the \u201cpeak high by any means.\u201d<\/span><\/p>\n

Ethereum\u2019s Rally Not Hinged On Bitcoin\u2019s Success<\/h2>\n

There is reason to believe <\/span>Ethereum\u2019s current bullish momentum<\/span><\/a> isn\u2019t due to Bitcoin\u2019s price surge, as the Ethereum ecosystem also has narratives that may be driving ETH\u2019s rally. For one, the <\/span>Ethereum network\u2019s \u2018Dencun\u2019 upgrade<\/span><\/a> 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.<\/span><\/p>\n

Related Reading: Bitcoin Spot ETF Jitters Subside: Grayscale Outflows Drop To New Lows<\/a><\/div>\n

Meanwhile, talks about a <\/span>Spot Ethereum ETF<\/span><\/a> 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.\u00a0<\/span><\/p>\n

The increased interest in ETH is expected to spark significant rallies in its price ahead of the May deadline, when the <\/span>SEC<\/span><\/a> will have to approve or deny <\/span>VanEck\u2019s Spot Ethereum ETF application<\/span><\/a>.<\/span><\/p>\n

\"Ethereum<\/p>\n

ETH bulls maintain hold above $3,200 | Source: ETHUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Bitcoinist, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
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.\u00a0 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 Ape\u2019s recent analysis of Ethereum from a technical analysis perspective.\u00a0 Related Reading: Crypto Analyst Predicts Dogecoin Parabolic Breakout Above $3.5, Here\u2019s When In his X post, Bitcoin Ape noted that the ADX (average directional index) indicator is currently \u201cvery high,\u201d signalling that ETH\u2019s 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 ETH\u2019s new resistance level.\u00a0 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.\u00a0\u00a0 Meanwhile, Altcoin Sherpa isn\u2019t 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.\u00a0 Crypto analyst Rager also recently gave a bullish prediction for ETH\u2019s 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 isn\u2019t the \u201cpeak high by any means.\u201d Ethereum\u2019s Rally Not Hinged On Bitcoin\u2019s Success There is reason to believe Ethereum\u2019s current bullish momentum isn\u2019t due to Bitcoin\u2019s price surge, as the Ethereum ecosystem also has narratives that may be driving ETH\u2019s rally. For one, the Ethereum network\u2019s \u2018Dencun\u2019 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.\u00a0 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 VanEck\u2019s Spot Ethereum ETF application. ETH bulls maintain hold above $3,200 | Source: ETHUSD on Tradingview.com Featured image from Bitcoinist, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":577055,"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":[167,6664,26263,14690,8323,89213,16163,86108,1946,7931,6931,84165,8686,78803],"class_list":["post-577047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-eth","tag-eth-news","tag-eth-price","tag-eth-price-prediction","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethereum-price-prediction","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nCan Ethereum Touch $4,000? 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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