{"id":564793,"date":"2023-12-10T15:10:58","date_gmt":"2023-12-10T15:10:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=564793"},"modified":"2024-06-11T13:17:29","modified_gmt":"2024-06-11T13:17:29","slug":"ethereum-rises-eth-remains-steady-at-over-2300-amid-bull-market-expectations","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-rises-eth-remains-steady-at-over-2300-amid-bull-market-expectations\/","title":{"rendered":"Ethereum Rises: ETH Remains Steady At Over $2,300 Amid Bull Market Expectations"},"content":{"rendered":"<p>Recent patterns indicate that the impetus fueling Ethereum&#8217;s climb is far from diminishing, and the price trajectory of the cryptocurrency has shown resilience. Ethereum may not be as advanced as some of its L1 competitors, but it stands out from the crowd thanks to its large developer community, immense acceptance, and crucial role in DeFi and other blockchain-based applications.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/cardano-rises-56-to-dominate-weekends-top-10-roster-details\/\" target=\"_blank\" rel=\"noopener \">Cardano Rises $56% To Dominate Weekend\u2019s Top 10 Roster \u2013 Details<\/a><\/div>\n<h2><strong>Ethereum Remains Firm At $2,347<\/strong><\/h2>\n<p>At the time of writing, ETH was able to keep a strong footing at the $2,300 level, trading at $2,347, nearly unchanged in the last 24 hours, but tallied <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">a 10% increase<\/a> in the last seven days, data from Coingecko shows.<\/p>\n<p>There is still a lot of room for profit in the current bull market, even though Ethereum&#8217;s price spike hasn&#8217;t been as dramatic as other altcoin&#8217;s. Size, liquidity, and being the leading platform for smart contracts all contribute to Ethereum&#8217;s continued appeal as an investment.<\/p>\n<pre style=\"text-align: center\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/WxBzBdRp\/\" width=\"1273\" height=\"522\">Ethereum currently trading at $2,341.6 territory. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ZUMCtHpo\/?symbol=CRYPTOCAP:XRP\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p>This means that ETH&#8217;s price performance could be greatly enhanced by any further market increases. Ethereum, according to technical research, is about to see growth, and it is now testing key resistance levels. Both retail and institutional investors would be interested if the price breaks out above these levels, as it could indicate that the positive trend would continue.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udc33 <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">#Ethereum<\/a> has scratched its way to $2,349, its highest level since June, 2022. The long-term trend of top non-exchange whale wallets getting richer, and top exchange whale wallets having less sell-off power, is a promising combo for a continued climb. <a href=\"https:\/\/t.co\/h7ogbqPLWf\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/h7ogbqPLWf<\/a> <a href=\"https:\/\/t.co\/82plXmVn02\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/82plXmVn02<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/77820883?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">December 7, 2023<\/a><\/p><\/blockquote>\n<p>For the first time in more than a year, Ethereum&#8217;s price has moved into a new range. The accumulation patterns seen in several top addresses indicate that this new range has created a chance for persistent price increases.<\/p>\n<h2><strong>Ethereum&#8217;s Growing Holdings And 2024 Roadmap<\/strong><\/h2>\n<p>The most popular Ethereum addresses on exchanges and those outside of them have shown clear patterns of accumulation in the last several months, according to new data from Santiment.<\/p>\n<p>A large number of top non-exchange addresses have been buying Ethereum at different prices, which has caused their holding volume of ETH to rise steadily and now surpass 54 million.<\/p>\n<p>At the same time, following their most recent<a href=\"https:\/\/www.youtube.com\/watch?v=5KMvtxiSbow\" target=\"_blank\" rel=\"noopener nofollow\"> execution laye<\/a>r meeting on December 8, Ethereum developers have laid out a detailed strategy for the network&#8217;s future in 2024, including new suggestions, major upgrades, and more.<\/p>\n<div class=\"jeg_video_container jeg_video_content\"><\/iframe><\/div>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum-price-soars-to-over-2300-is-3000-next\/\" target=\"_blank\" rel=\"noopener \">Ethereum Price Soars To Over $2,300 \u2013 Is $3,000 Next?<\/a><\/div>\n<p>Meanwhile,\u00a0Ethereum is predicted to significantly outpace mega-cap tech stocks. After the Bitcoin miners&#8217; payouts are halved, \u00a0investment firm <a href=\"https:\/\/www.vaneck.com\/us\/en\/blogs\/digital-assets\/matthew-sigel-vanecks-15-crypto-predictions-for-2024\/\" target=\"_blank\" rel=\"noopener nofollow\">VanEck<\/a> thinks Ethereum will soar. In the past, this has caused a fresh spike in the price of Bitcoin, with the proceeds going into altcoins.<\/p>\n<p>Ethereum won&#8217;t surpass Bitcoin, despite surpassing large stocks, and what &#8220;flippening&#8221; rumors claim. It is still believed that Bitcoin will continue to lead in market capitalization even though there is a chance that ETH may gain value in daily transaction volume.<\/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>Recent patterns indicate that the impetus fueling Ethereum&#8217;s climb is far from diminishing, and the price trajectory of the cryptocurrency has shown resilience. Ethereum may not be as advanced as some of its L1 competitors, but it stands out from the crowd thanks to its large developer community, immense acceptance, and crucial role in DeFi and other blockchain-based applications. Related Reading: Cardano Rises $56% To Dominate Weekend\u2019s Top 10 Roster \u2013 Details Ethereum Remains Firm At $2,347 At the time of writing, ETH was able to keep a strong footing at the $2,300 level, trading at $2,347, nearly unchanged in the last 24 hours, but tallied a 10% increase in the last seven days, data from Coingecko shows. There is still a lot of room for profit in the current bull market, even though Ethereum&#8217;s price spike hasn&#8217;t been as dramatic as other altcoin&#8217;s. Size, liquidity, and being the leading platform for smart contracts all contribute to Ethereum&#8217;s continued appeal as an investment. Ethereum currently trading at $2,341.6 territory. Chart: TradingView.com This means that ETH&#8217;s price performance could be greatly enhanced by any further market increases. Ethereum, according to technical research, is about to see growth, and it is now testing key resistance levels. Both retail and institutional investors would be interested if the price breaks out above these levels, as it could indicate that the positive trend would continue. \ud83d\udc33 #Ethereum has scratched its way to $2,349, its highest level since June, 2022. The long-term trend of top non-exchange whale wallets getting richer, and top exchange whale wallets having less sell-off power, is a promising combo for a continued climb. https:\/\/t.co\/h7ogbqPLWf pic.twitter.com\/82plXmVn02 \u2014 Santiment (@santimentfeed) December 7, 2023 For the first time in more than a year, Ethereum&#8217;s price has moved into a new range. The accumulation patterns seen in several top addresses indicate that this new range has created a chance for persistent price increases. Ethereum&#8217;s Growing Holdings And 2024 Roadmap The most popular Ethereum addresses on exchanges and those outside of them have shown clear patterns of accumulation in the last several months, according to new data from Santiment. A large number of top non-exchange addresses have been buying Ethereum at different prices, which has caused their holding volume of ETH to rise steadily and now surpass 54 million. At the same time, following their most recent execution layer meeting on December 8, Ethereum developers have laid out a detailed strategy for the network&#8217;s future in 2024, including new suggestions, major upgrades, and more. Related Reading: Ethereum Price Soars To Over $2,300 \u2013 Is $3,000 Next? Meanwhile,\u00a0Ethereum is predicted to significantly outpace mega-cap tech stocks. After the Bitcoin miners&#8217; payouts are halved, \u00a0investment firm VanEck thinks Ethereum will soar. In the past, this has caused a fresh spike in the price of Bitcoin, with the proceeds going into altcoins. Ethereum won&#8217;t surpass Bitcoin, despite surpassing large stocks, and what &#8220;flippening&#8221; rumors claim. It is still believed that Bitcoin will continue to lead in market capitalization even though there is a chance that ETH may gain value in daily transaction volume. (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":564806,"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":[142,1144,6664,8323,1946,6931,8686],"class_list":["post-564793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-eth","category-ethereum","tag-altcoins","tag-btcusd","tag-crypto","tag-eth","tag-ethereum","tag-ethereum-price","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Ethereum Rises: ETH Remains Steady At Over $2,300<\/title>\n<meta name=\"description\" content=\"Recent patterns indicate that the impetus fueling Ethereum&#039;s climb is far from diminishing, and the price trajectory of the cryptocurrency has shown\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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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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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:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Rises: ETH Remains Steady At Over $2,300 Amid Bull Market Expectations","url":"http:\/\/uniquehot.com\/news\/ethereum-rises-eth-remains-steady-at-over-2300-amid-bull-market-expectations\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum-rises-eth-remains-steady-at-over-2300-amid-bull-market-expectations\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-65.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-65.png?fit=376%2C210"},"articleSection":"ETH","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","btcusd","crypto","eth","ethereum","ethereum price","ethusd"],"dateCreated":"2023-12-10T15:10:58Z","datePublished":"2023-12-10T15:10:58Z","dateModified":"2024-06-11T13:17:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Rises: ETH Remains Steady At Over $2,300 Amid Bull Market Expectations\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum-rises-eth-remains-steady-at-over-2300-amid-bull-market-expectations\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum-rises-eth-remains-steady-at-over-2300-amid-bull-market-expectations\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-65.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-65.png?fit=376%2C210\"},\"articleSection\":\"ETH\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"btcusd\",\"crypto\",\"eth\",\"ethereum\",\"ethereum price\",\"ethusd\"],\"dateCreated\":\"2023-12-10T15:10:58Z\",\"datePublished\":\"2023-12-10T15:10:58Z\",\"dateModified\":\"2024-06-11T13:17:29Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-65.png?fit=376%2C210","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/564793"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=564793"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/564793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/564806"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=564793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=564793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=564793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}