{"id":569968,"date":"2024-01-17T19:00:31","date_gmt":"2024-01-17T19:00:31","guid":{"rendered":"https:\/\/ktsl888.com\/?p=569968"},"modified":"2024-01-17T12:40:56","modified_gmt":"2024-01-17T12:40:56","slug":"predictions-eth-price-ethereum","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/predictions-eth-price-ethereum\/","title":{"rendered":"Here Are The Most Bullish Predictions For ETH Price As Ethereum Dominance Rises Against Bitcoin"},"content":{"rendered":"

The sentiments around <\/span>Ethereum<\/span> look to be very bullish at the moment as the second-largest crypto token by market cap has seen <\/span>its dominance<\/span><\/a> surge against Bitcoin. Ethereum\u2019s rise against the flagship crypto token is also significant, as crypto analyst Jaydee <\/span>recently suggested<\/span><\/a> that it could usher in the altcoin season.\u00a0<\/span><\/p>\n

Bullish Predictions For Ethereum\u2019s Price<\/h2>\n

Crypto analyst Ali Martinez<\/span><\/a> recently highlighted the fact that <\/span>Ethereum<\/span> broke out from an <\/span>ascending triangle<\/span><\/a> on the weekly chart. According to him, the crypto token has its eyes on the $3,400 price level despite the short-term volatility. Backing Ali\u2019s analysis, crypto analyst Mayne <\/span>shared<\/span><\/a> their belief that $3,400 remains a viable target for ETH\u2019s price.<\/span><\/p>\n

Related Reading: Analyst Predicts Cardano Future Using Historic Trends, And It\u2019s Very Bullish<\/a><\/div>\n

Interestingly, Mayne hinted that \u201cETH betas\u201d could run alongside ETH when this significant price surge begins to happen. These ETH betas include tokens like the native tokens of Ethereum\u2019s layer-2 networks Optimism and Arbitrum.\u00a0<\/span><\/p>\n

Crypto analyst Ash Crypto also offered a <\/span>bullish prediction for ETH\u2019s price<\/span><\/a> while commenting on the state of the market. He <\/span>remarked<\/span><\/a> that money was currently flowing from Bitcoin to Ethereum and that it shouldn\u2019t be long before the latter trades above $3,200.\u00a0<\/span><\/p>\n

ETH trading above the $3,000 price level looks to be the consensus going by these predictions. The CEO and founder of MN Trading, Micha\u00ebl van de Poppe, had before now <\/span>suggested<\/span><\/a> that ETH was also going to rise above $3,000 on its way to $3,500. Then, Poppe boldly claimed that this price prediction would materialize in the first quarter of 2024.<\/span><\/p>\n

Meanwhile, crypto analyst ColdBloodedShill stated in a recent <\/span>X post<\/span><\/a> that ETH is likely planning for higher prices as long as it remains above $2,400. The $2,400 price range looks to be an important support level as ETH looks to break out. Crypto analyst Bluntz Capital also <\/span>highlighted<\/span><\/a> that price range ($2,495 specifically) as he noted that there will be an eventual breakout as long as ETH holds above that level.\u00a0<\/span><\/p>\n

\"Ethereum<\/p>\n

ETH bulls struggle at $2,500 | Source: ETHUSD on Tradingview.com<\/a><\/pre>\n

Conviction On Ethereum Getting Stronger<\/h2>\n

Market intelligence platform Santiment <\/span><\/a>recently revealed that the number of new ETH addresses is on the rise as Ethereum continues to outperform Bitcoin. 89.4 thousand addresses are said to have been created daily during this stretch. This represents a significant increase from late last year, when 70.4 addresses were created daily in early November.<\/span><\/p>\n

Related Reading: Institutional Inflows Into XRP Surges 244% Amid ETF Speculation<\/a><\/div>\n

Santiment also added that <\/span>ETH\u2019s supply on exchanges<\/span><\/a> had reduced drastically to 8.10%, almost getting close to its all-time low (since the opening week of trading) of 8.05%. Such a development usually suggests that <\/span>ETH holders<\/span><\/a> are looking to hold for the long term as they move their holdings to self-custody.<\/span><\/p>\n

Featured image from TechRadar, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The sentiments around Ethereum look to be very bullish at the moment as the second-largest crypto token by market cap has seen its dominance surge against Bitcoin. Ethereum\u2019s rise against the flagship crypto token is also significant, as crypto analyst Jaydee recently suggested that it could usher in the altcoin season.\u00a0 Bullish Predictions For Ethereum\u2019s Price Crypto analyst Ali Martinez recently highlighted the fact that Ethereum broke out from an ascending triangle on the weekly chart. According to him, the crypto token has its eyes on the $3,400 price level despite the short-term volatility. Backing Ali\u2019s analysis, crypto analyst Mayne shared their belief that $3,400 remains a viable target for ETH\u2019s price. Related Reading: Analyst Predicts Cardano Future Using Historic Trends, And It\u2019s Very Bullish Interestingly, Mayne hinted that \u201cETH betas\u201d could run alongside ETH when this significant price surge begins to happen. These ETH betas include tokens like the native tokens of Ethereum\u2019s layer-2 networks Optimism and Arbitrum.\u00a0 Crypto analyst Ash Crypto also offered a bullish prediction for ETH\u2019s price while commenting on the state of the market. He remarked that money was currently flowing from Bitcoin to Ethereum and that it shouldn\u2019t be long before the latter trades above $3,200.\u00a0 ETH trading above the $3,000 price level looks to be the consensus going by these predictions. The CEO and founder of MN Trading, Micha\u00ebl van de Poppe, had before now suggested that ETH was also going to rise above $3,000 on its way to $3,500. Then, Poppe boldly claimed that this price prediction would materialize in the first quarter of 2024. Meanwhile, crypto analyst ColdBloodedShill stated in a recent X post that ETH is likely planning for higher prices as long as it remains above $2,400. The $2,400 price range looks to be an important support level as ETH looks to break out. Crypto analyst Bluntz Capital also highlighted that price range ($2,495 specifically) as he noted that there will be an eventual breakout as long as ETH holds above that level.\u00a0 ETH bulls struggle at $2,500 | Source: ETHUSD on Tradingview.com Conviction On Ethereum Getting Stronger Market intelligence platform Santiment recently revealed that the number of new ETH addresses is on the rise as Ethereum continues to outperform Bitcoin. 89.4 thousand addresses are said to have been created daily during this stretch. This represents a significant increase from late last year, when 70.4 addresses were created daily in early November. Related Reading: Institutional Inflows Into XRP Surges 244% Amid ETF Speculation Santiment also added that ETH\u2019s supply on exchanges had reduced drastically to 8.10%, almost getting close to its all-time low (since the opening week of trading) of 8.05%. Such a development usually suggests that ETH holders are looking to hold for the long term as they move their holdings to self-custody. Featured image from TechRadar, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":569985,"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":[167,6664,26263,14690,8323,89213,16163,1946,7931,84307,6931,8686,78803],"class_list":["post-569968","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-ethereum","tag-ethereum-news","tag-ethereum-prediction","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nHere Are The Most Bullish Predictions For ETH Price As Ethereum Dominance Rises Against Bitcoin<\/title>\n<meta name=\"description\" content=\"Sentiment around Ethereum look to be very bullish at the moment as 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. 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. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here Are The Most Bullish Predictions For ETH Price As Ethereum Dominance Rises Against Bitcoin","url":"http:\/\/ktsl888.com\/news\/ethereum\/predictions-eth-price-ethereum\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum\/predictions-eth-price-ethereum\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/Ethereum_956a33.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/Ethereum_956a33.jpeg?fit=970%2C545"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","eth","eth news","eth price","ethereum","ethereum news","ethereum prediction","ethereum price","ethusd","ethusdt"],"dateCreated":"2024-01-17T19:00:31Z","datePublished":"2024-01-17T19:00:31Z","dateModified":"2024-01-17T19:00:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here Are The Most Bullish Predictions For ETH Price As Ethereum Dominance Rises Against Bitcoin\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/predictions-eth-price-ethereum\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/predictions-eth-price-ethereum\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/Ethereum_956a33.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/Ethereum_956a33.jpeg?fit=970%2C545\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"eth\",\"eth news\",\"eth price\",\"ethereum\",\"ethereum news\",\"ethereum prediction\",\"ethereum price\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-01-17T19:00:31Z\",\"datePublished\":\"2024-01-17T19:00:31Z\",\"dateModified\":\"2024-01-17T19:00:31Z\"}<\/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\/2024\/01\/Ethereum_956a33.jpeg?fit=970%2C545","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/569968"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=569968"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/569968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/569985"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=569968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=569968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=569968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}