{"id":569968,"date":"2024-01-17T19:00:31","date_gmt":"2024-01-17T19:00:31","guid":{"rendered":"https:\/\/uniquehot.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:\/\/uniquehot.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":"<p><span style=\"font-weight: 400\">The sentiments around <\/span><span style=\"font-weight: 400\">Ethereum<\/span><span style=\"font-weight: 400\"> look to be very bullish at the moment as the second-largest crypto token by market cap has seen <\/span><a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-crypto-analyst-1900\/#:~:text=If%20that%20happens%2C%20Ethereum%20could,its%20current%20price%20of%20%241%2C600.\"><span style=\"font-weight: 400\">its dominance<\/span><\/a><span style=\"font-weight: 400\"> surge against Bitcoin. Ethereum\u2019s rise against the flagship crypto token is also significant, as crypto analyst Jaydee <\/span><a href=\"https:\/\/uniquehot.com\/news\/solana-is-not-done-analyst-identifies-bull-flag-that-will-trigger-massive-rally-above-150\/#:~:text=How%20Solana%20Could%20Rise%20To,a%20sustained%20close%20above%20%24106.\"><span style=\"font-weight: 400\">recently suggested<\/span><\/a><span style=\"font-weight: 400\"> that it could usher in the altcoin season.\u00a0<\/span><\/p>\n<h2>Bullish Predictions For Ethereum\u2019s Price<\/h2>\n<p><a href=\"https:\/\/bitcoinist.com\/crypto-capital-inflow-2-years\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto analyst Ali Martinez<\/span><\/a><span style=\"font-weight: 400\"> recently highlighted the fact that <\/span><span style=\"font-weight: 400\">Ethereum<\/span><span style=\"font-weight: 400\"> broke out from an <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-analysis-btc-ascending-triangle-holds\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">ascending triangle<\/span><\/a><span style=\"font-weight: 400\"> 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><a href=\"https:\/\/x.com\/Tradermayne\/status\/63917722?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">shared<\/span><\/a><span style=\"font-weight: 400\"> their belief that $3,400 remains a viable target for ETH\u2019s price.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/cardano\/cardano-future-very-bullish\/\">Analyst Predicts Cardano Future Using Historic Trends, And It\u2019s Very Bullish<\/a><\/div>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">Crypto analyst Ash Crypto also offered a <\/span><a href=\"https:\/\/uniquehot.com\/news\/ethereum\/bullish-predictions-for-ethereum\/#:~:text=Crypto%20Analyst%20Unveils%20Bullish%20End%20Of%20Year%20Predictions%20For%20Ethereum,-by%20Scott%20Matherson&amp;text=Crypto%20Expert%20Anthony%20Sassano%20has,high%20(ATH)%20this%20year.\"><span style=\"font-weight: 400\">bullish prediction for ETH\u2019s price<\/span><\/a><span style=\"font-weight: 400\"> while commenting on the state of the market. He <\/span><a href=\"https:\/\/x.com\/Ashcryptoreal\/status\/42929699?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">remarked<\/span><\/a><span style=\"font-weight: 400\"> 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<p><span style=\"font-weight: 400\">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><a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-predictio-3500\/\"><span style=\"font-weight: 400\">suggested<\/span><\/a><span style=\"font-weight: 400\"> 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<p><span style=\"font-weight: 400\">Meanwhile, crypto analyst ColdBloodedShill stated in a recent <\/span><a href=\"https:\/\/x.com\/ColdBloodShill\/status\/17704278?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">X post<\/span><\/a><span style=\"font-weight: 400\"> 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><a href=\"https:\/\/x.com\/Bluntz_Capital\/status\/18983700?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">highlighted<\/span><\/a><span style=\"font-weight: 400\"> 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<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/mUgBSOWF\/\" alt=\"Ethereum price chart from Tradingview.com\" width=\"3266\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">ETH bulls struggle at $2,500 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">ETHUSD on Tradingview.com<\/a><\/pre>\n<h2>Conviction On Ethereum Getting Stronger<\/h2>\n<p><a href=\"https:\/\/bitcoinist.com\/why-these-2-altcoins-could-witness-price-bumps\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Market intelligence platform Santiment <\/span><\/a><span style=\"font-weight: 400\">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<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/institutional-inflows-xrp-244-etf\/\">Institutional Inflows Into XRP Surges 244% Amid ETF Speculation<\/a><\/div>\n<p><span style=\"font-weight: 400\">Santiment also added that <\/span><a href=\"https:\/\/uniquehot.com\/altcoin\/hottest-altcoins-bull-market\/#:~:text=In%20a%20post%20on%20their,move%20coins%20away%20from%20exchanges.\"><span style=\"font-weight: 400\">ETH\u2019s supply on exchanges<\/span><\/a><span style=\"font-weight: 400\"> 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><a href=\"https:\/\/bitcoinist.com\/ethereum-long-term-holders-percentage-surpasses-btc\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">ETH holders<\/span><\/a><span style=\"font-weight: 400\"> are looking to hold for the long term as they move their holdings to self-custody.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from TechRadar, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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":"\n<title>Here 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 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