{"id":563728,"date":"2023-12-04T09:40:28","date_gmt":"2023-12-04T09:40:28","guid":{"rendered":"https:\/\/ktsl888.com\/?p=563728"},"modified":"2024-06-11T08:02:16","modified_gmt":"2024-06-11T08:02:16","slug":"ethereum-breaks-through-2200-ceiling-investors-expect-3000-this-week","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-breaks-through-2200-ceiling-investors-expect-3000-this-week\/","title":{"rendered":"Ethereum Breaks Through $2,200 Ceiling, Investors Expect $3,000 This Week"},"content":{"rendered":"<p>The price of Ethereum (ETH) has risen sharply today, hitting<a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\"> a new 2023 high of $2,250<\/a> as the cryptocurrency market continued to trend higher toward a successful year-end.<\/p>\n<p>The recent<a href=\"https:\/\/www.fxempire.com\/forecasts\/article\/ethereum-eth-price-hits-new-2023-peak-stakers-make-surprise-350m-move-1393021\" target=\"_blank\" rel=\"noopener nofollow\"> strong upward trend<\/a> in Ethereum aligns with Bitcoin&#8217;s continuous attempt to break above $41,000, which it did today. As of the time of writing, the price of bitcoin was $41.437.<\/p>\n<p>Analysts say the approval of a BlackRock spot ether instrument would result in an influx of institutional capital into Ethereum, the second-largest cryptocurrency network globally.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/ordi-shatters-records-with-new-all-time-high-in-bullish-surge\/\" target=\"_blank\" rel=\"noopener \">ORDI Shatters Records With New All-Time High In Bullish Surge<\/a><\/div>\n<h2><strong>Ethereum&#8217;s Price Surge<\/strong><\/h2>\n<p>The most recent charts show an upward trajectory that has many analysts and investors upbeat about the cryptocurrency hitting the coveted $3,000 barrier in the upcoming weeks or months.<\/p>\n<p>As this transpired, a crucial on-chain trade statistic reveals that, just 24 hours prior to the most recent price breakout, Ethereum 2.0 stakers made an unexpected $330 million move.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-563730\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-26.png?resize=967%2C348\" alt=\"\" width=\"967\" height=\"348\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-26.png?w=967 967w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-26.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-26.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-26.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-26.png?w=750 750w\" sizes=\"auto, (max-width: 967px) 100vw, 967px\"><\/p>\n<pre style=\"text-align: center\">ETH Staking Flows. Source: <a href=\"http:\/\/intotheblock.com\/\" target=\"_blank\" rel=\"noopener nofollow\">IntoTheBlock<\/a><\/pre>\n<p>On December 2, investors pulled out a massive 169,220 ETH (about $337 million) from ETH 2.0 beacon chain Proof of Stake contracts, according to IntoTheBlock.<\/p>\n<p>Interestingly, since the Ethereum Shapella Upgrade enabled withdrawals in April 2023, this is the second-highest staking withdrawal amount.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/top-5-cryptos-set-for-a-major-price-explosion-this-december-ada-tia-rune-lunc-btc\/\" target=\"_blank\" rel=\"noopener \">Top 5 Cryptos Set For A Price Explosion This December \u2013 ADA, TIA, RUNE, LUNC, BTC<\/a><\/div>\n<h2><strong>Resilient Rebound And Bullish Market Signals<\/strong><\/h2>\n<p>Today, when the price of Bitcoin broke beyond the coveted $41,000 barrier, the cryptocurrency market is starting to feel more optimistic again.<\/p>\n<p>The price of ETH recovered from the psychologically critical $2,000 threshold in response to this positive change, showing an 8% weekly increase to its current trading price of $2,250.<\/p>\n<pre style=\"text-align: center\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/7EPmPPAR\/\" width=\"1274\" height=\"522\">Ethereum currently trading at $2,244.7 territory on the daily chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ZUMCtHpo\/?symbol=CRYPTOCAP:XRP\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p>The classic sign of a bull market is a sequence of higher lows and higher highs, which is what we observe when we look at Ethereum&#8217;s daily chart. The 50-day and 100-day moving averages served as dynamic resistance, but the price has now overcome both.<\/p>\n<blockquote>\n<h4>&#8220;On the basis of lower yields, cryptocurrency has been going pleasantly higher, along with Gold,&#8221; crypto data firm Amberdata stated in a newsletter on Sunday.<\/h4>\n<\/blockquote>\n<p>In a note, Lucy Hu, Senior Analyst at Metalpha, stated that there is increasing market expectation for a rate reduction in the coming year.<\/p>\n<p>Investor optimism on the potential for Bitcoin ETF applications from significant asset management firms is also growing.<\/p>\n<p>She states:<\/p>\n<blockquote>\n<h4>&#8220;This is an official declaration of a bull run, and there may be additional price increases in the upcoming weeks.&#8221;<\/h4>\n<\/blockquote>\n<p>Meanwhile, laws may also have an impact on Ethereum&#8217;s price in the future; although favorable developments may encourage investment, harsher laws may provide risks. Important factors also include investor sentiment and the state of the economy.<\/p>\n<p>It&#8217;s unclear if ETH will overtake Bitcoin in market valuation; this will depend on things like adoption rates and network improvements. Right now, Bitcoin is in the lead with a far larger market capitalization.<\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em>Featured image from Shutterstock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Ethereum (ETH) has risen sharply today, hitting a new 2023 high of $2,250 as the cryptocurrency market continued to trend higher toward a successful year-end. The recent strong upward trend in Ethereum aligns with Bitcoin&#8217;s continuous attempt to break above $41,000, which it did today. As of the time of writing, the price of bitcoin was $41.437. Analysts say the approval of a BlackRock spot ether instrument would result in an influx of institutional capital into Ethereum, the second-largest cryptocurrency network globally. Related Reading: ORDI Shatters Records With New All-Time High In Bullish Surge Ethereum&#8217;s Price Surge The most recent charts show an upward trajectory that has many analysts and investors upbeat about the cryptocurrency hitting the coveted $3,000 barrier in the upcoming weeks or months. As this transpired, a crucial on-chain trade statistic reveals that, just 24 hours prior to the most recent price breakout, Ethereum 2.0 stakers made an unexpected $330 million move. ETH Staking Flows. Source: IntoTheBlock On December 2, investors pulled out a massive 169,220 ETH (about $337 million) from ETH 2.0 beacon chain Proof of Stake contracts, according to IntoTheBlock. Interestingly, since the Ethereum Shapella Upgrade enabled withdrawals in April 2023, this is the second-highest staking withdrawal amount. Related Reading: Top 5 Cryptos Set For A Price Explosion This December \u2013 ADA, TIA, RUNE, LUNC, BTC Resilient Rebound And Bullish Market Signals Today, when the price of Bitcoin broke beyond the coveted $41,000 barrier, the cryptocurrency market is starting to feel more optimistic again. The price of ETH recovered from the psychologically critical $2,000 threshold in response to this positive change, showing an 8% weekly increase to its current trading price of $2,250. Ethereum currently trading at $2,244.7 territory on the daily chart: TradingView.com The classic sign of a bull market is a sequence of higher lows and higher highs, which is what we observe when we look at Ethereum&#8217;s daily chart. The 50-day and 100-day moving averages served as dynamic resistance, but the price has now overcome both. &#8220;On the basis of lower yields, cryptocurrency has been going pleasantly higher, along with Gold,&#8221; crypto data firm Amberdata stated in a newsletter on Sunday. In a note, Lucy Hu, Senior Analyst at Metalpha, stated that there is increasing market expectation for a rate reduction in the coming year. Investor optimism on the potential for Bitcoin ETF applications from significant asset management firms is also growing. She states: &#8220;This is an official declaration of a bull run, and there may be additional price increases in the upcoming weeks.&#8221; Meanwhile, laws may also have an impact on Ethereum&#8217;s price in the future; although favorable developments may encourage investment, harsher laws may provide risks. Important factors also include investor sentiment and the state of the economy. It&#8217;s unclear if ETH will overtake Bitcoin in market valuation; this will depend on things like adoption rates and network improvements. Right now, Bitcoin is in the lead with a far larger market capitalization. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock<\/p>\n","protected":false},"author":557,"featured_media":563736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83362,13625],"tags":[1144,1558,8323,15715,35181,6931,8686],"class_list":["post-563728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-eth","category-ethereum","tag-btcusd","tag-cryptocurrency","tag-eth","tag-ethereum-eth","tag-ethereum-2-0","tag-ethereum-price","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Ethereum Breaches $2,200, Investors Expect $3,000 This Week<\/title>\n<meta name=\"description\" content=\"The price of Ethereum (ETH) has risen sharply today, hitting a new 2023 high of $2,250 as the cryptocurrency market continued to trend higher toward a\" \/>\n<meta name=\"robots\" content=\"index, follow, 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/ktsl888.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum Breaches $2,200, Investors Expect $3,000 This Week","description":"The price of Ethereum (ETH) has risen sharply today, hitting a new 2023 high of $2,250 as the cryptocurrency market continued to trend higher toward a","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/ethereum-breaks-through-2200-ceiling-investors-expect-3000-this-week\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum Breaches $2,200, Investors Expect $3,000 This Week","og_description":"The price of Ethereum (ETH) has risen 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Breaks Through $2,200 Ceiling, Investors Expect $3,000 This Week","url":"http:\/\/ktsl888.com\/news\/ethereum-breaks-through-2200-ceiling-investors-expect-3000-this-week\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum-breaks-through-2200-ceiling-investors-expect-3000-this-week\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-27.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/a-27.png?fit=320%2C212"},"articleSection":"ETH","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","cryptocurrency","eth","ethereum (eth)","ethereum 2.0","ethereum price","ethusd"],"dateCreated":"2023-12-04T09:40:28Z","datePublished":"2023-12-04T09:40:28Z","dateModified":"2024-06-11T08:02:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Breaks Through $2,200 Ceiling, Investors Expect $3,000 This Week\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum-breaks-through-2200-ceiling-investors-expect-3000-this-week\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum-breaks-through-2200-ceiling-investors-expect-3000-this-week\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-27.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-27.png?fit=320%2C212\"},\"articleSection\":\"ETH\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"cryptocurrency\",\"eth\",\"ethereum (eth)\",\"ethereum 2.0\",\"ethereum price\",\"ethusd\"],\"dateCreated\":\"2023-12-04T09:40:28Z\",\"datePublished\":\"2023-12-04T09:40:28Z\",\"dateModified\":\"2024-06-11T08:02:16Z\"}<\/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\/a-27.png?fit=320%2C212","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/563728","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\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=563728"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/563728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/563736"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=563728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=563728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=563728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}