{"id":629725,"date":"2024-07-14T15:30:55","date_gmt":"2024-07-14T15:30:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=629725"},"modified":"2024-07-14T14:49:55","modified_gmt":"2024-07-14T14:49:55","slug":"ethereum-seen-hitting-5000-as-german-bitcoin-sell-off-shakes-market","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-seen-hitting-5000-as-german-bitcoin-sell-off-shakes-market\/","title":{"rendered":"Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market"},"content":{"rendered":"

Ethereum has shown some degree of resilience in the face of heavy volatility in the broader crypto landscape, keeping ground above the $3,000<\/a> barrier in a week when Bitcoin stumbled under the weight of German economic policies.<\/span><\/p>\n

Related Reading: 6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod<\/a><\/div>\n

Ether hodlers are keenly observing as the terrain of digital currencies undergoes notable changes; many of them are focusing on a possible $5,000 milestone.<\/span><\/p>\n

A Test Of The Market<\/strong><\/h2>\n

There were tremors felt in the cryptocurrency market when the German government<\/a> decided to sell about 5,000 BTC, or 90% of its Bitcoin holdings. As Bitcoin struggled to maintain values over $57,000, Ethereum showed remarkable resilience, remaining consistently above $3,000.<\/span><\/p>\n

Both experts in the field and investors have noticed this difference in performance, and now people are anticipating how resistant Ethereum is to market forces in the coming days or weeks.<\/p>\n

If Ethereum stays secure during this uncertain time, it could mean that it is no longer affected by changes in the Bitcoin market. This would have huge effects on the entire cryptocurrency business.<\/span><\/p>\n

Ethereum is now trading at $3,185. Chart: TradingView<\/a><\/figcaption><\/figure>\n

ETF Anticipation Drives Positive Mood<\/strong><\/h2>\n

In the wake of the German Bitcoin selloffs, the broader crypto community is humming with expectation over the possible approval of an Ethereum ETF<\/a>. If this event comes to fruition, Ethereum might reach a major turning point in terms of heavy institutional investments.<\/span><\/p>\n

The possibility of an ETH ETF has given the market some hope as many people are guessing on significant price increase. Still, the effect of such an approval is unknown, hence investors should approach these changes warily.<\/p>\n

Price Forecast and Technical Analysis<\/strong><\/h3>\n

Although many analysts see Ethereum’s price soaring, the technical indicators show a more complex picture of ETH’s existing situation even if optimistic forecasts abound.<\/span><\/p>\n

\n

#Ethereum<\/a> on the daily timeframe is looking bullish \ud83d\ude80<\/p>\n

If $ETH<\/a> holds the green box support at $3000-$2800, we could see $5000 soon.<\/p>\n

Ready for a big rally?#CryptoPatel<\/a> #Altcoins<\/a> pic.twitter.com\/ArIWLO4WiO<\/a><\/p>\n

\u2014 Crypto Patel (@CryptoPatel) July 12, 2024<\/a><\/p><\/blockquote>\n

A well-known cryptocurrency expert,\u00a0CryptoPatel sees Ethereum as having a bright future, predicting that its price will continue to grow and may soon reach $5,000. His findings revealed significant levels of support and resistance, both of which would have an impact on the movement of ETH in the future.<\/span><\/p>\n

\"\"<\/p>\n

According to his observations,\u00a0the green box represents a significant support zone that extends between $2,800 and $3,000. Maintaining this support level is essential to the optimistic projection\u00a0for the price of the top altcoin. It is possible that Ethereum could be on track to hit\u00a0$5,000 if it continues to move solidly within this green band.<\/span><\/p>\n

Related Reading: Analysts Unanimous: Solana (SOL) To Soar 100% \u2013 Details<\/a><\/div>\n

Meanwhile, according to figures provided by crypto prediction platform CoinCodex, Ether will have risen by 3.68% by August 13<\/a>, 2024.<\/p>\n

The fear\/greed index, on the other hand, shows some negative vibes. Last month, Ethereum had 50% green days. Because of these signs, experts say that you shouldn’t buy anything right now.<\/p>\n

These conflicting signals make it hard to predict how the altcoin will behave in the next coming weeks or months. The market is cautious, but there are hints that things will improve in the future.<\/p>\n

Featured image from Flow, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum has shown some degree of resilience in the face of heavy volatility in the broader crypto landscape, keeping ground above the $3,000 barrier in a week when Bitcoin stumbled under the weight of German economic policies. Related Reading: 6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod Ether hodlers are keenly observing as the terrain of digital currencies undergoes notable changes; many of them are focusing on a possible $5,000 milestone. A Test Of The Market There were tremors felt in the cryptocurrency market when the German government decided to sell about 5,000 BTC, or 90% of its Bitcoin holdings. As Bitcoin struggled to maintain values over $57,000, Ethereum showed remarkable resilience, remaining consistently above $3,000. Both experts in the field and investors have noticed this difference in performance, and now people are anticipating how resistant Ethereum is to market forces in the coming days or weeks. If Ethereum stays secure during this uncertain time, it could mean that it is no longer affected by changes in the Bitcoin market. This would have huge effects on the entire cryptocurrency business. ETF Anticipation Drives Positive Mood In the wake of the German Bitcoin selloffs, the broader crypto community is humming with expectation over the possible approval of an Ethereum ETF. If this event comes to fruition, Ethereum might reach a major turning point in terms of heavy institutional investments. The possibility of an ETH ETF has given the market some hope as many people are guessing on significant price increase. Still, the effect of such an approval is unknown, hence investors should approach these changes warily. Price Forecast and Technical Analysis Although many analysts see Ethereum’s price soaring, the technical indicators show a more complex picture of ETH’s existing situation even if optimistic forecasts abound. #Ethereum on the daily timeframe is looking bullish \ud83d\ude80 If $ETH holds the green box support at $3000-$2800, we could see $5000 soon. Ready for a big rally?#CryptoPatel #Altcoins pic.twitter.com\/ArIWLO4WiO \u2014 Crypto Patel (@CryptoPatel) July 12, 2024 A well-known cryptocurrency expert,\u00a0CryptoPatel sees Ethereum as having a bright future, predicting that its price will continue to grow and may soon reach $5,000. His findings revealed significant levels of support and resistance, both of which would have an impact on the movement of ETH in the future. According to his observations,\u00a0the green box represents a significant support zone that extends between $2,800 and $3,000. Maintaining this support level is essential to the optimistic projection\u00a0for the price of the top altcoin. It is possible that Ethereum could be on track to hit\u00a0$5,000 if it continues to move solidly within this green band. Related Reading: Analysts Unanimous: Solana (SOL) To Soar 100% \u2013 Details Meanwhile, according to figures provided by crypto prediction platform CoinCodex, Ether will have risen by 3.68% by August 13, 2024. The fear\/greed index, on the other hand, shows some negative vibes. Last month, Ethereum had 50% green days. Because of these signs, experts say that you shouldn’t buy anything right now. These conflicting signals make it hard to predict how the altcoin will behave in the next coming weeks or months. The market is cautious, but there are hints that things will improve in the future. Featured image from Flow, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":629731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1026,1557,8323,1946,11],"class_list":["post-629725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-blockchain-technology","tag-cryptocurrencies","tag-eth","tag-ethereum","tag-news"],"acf":[],"yoast_head":"\nEthereum Seen Hitting $5,000 as Bitcoin Sell-off Shakes Market<\/title>\n<meta name=\"description\" content=\"Ethereum has shown some degree of resilience in the face of heavy volatility in the broader crypto landscape, keeping ground above the $3,000 barrier in a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-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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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:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market","url":"http:\/\/uniquehot.com\/news\/ethereum-seen-hitting-5000-as-german-bitcoin-sell-off-shakes-market\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum-seen-hitting-5000-as-german-bitcoin-sell-off-shakes-market\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_1fba37.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_1fba37.jpg?fit=1200%2C627"},"articleSection":"Cryptocurrency Market News","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","blockchain technology","cryptocurrencies","eth","ethereum","news"],"dateCreated":"2024-07-14T15:30:55Z","datePublished":"2024-07-14T15:30:55Z","dateModified":"2024-07-14T15:30:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum-seen-hitting-5000-as-german-bitcoin-sell-off-shakes-market\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum-seen-hitting-5000-as-german-bitcoin-sell-off-shakes-market\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/a_1fba37.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/a_1fba37.jpg?fit=1200%2C627\"},\"articleSection\":\"Cryptocurrency Market News\",\"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\",\"blockchain technology\",\"cryptocurrencies\",\"eth\",\"ethereum\",\"news\"],\"dateCreated\":\"2024-07-14T15:30:55Z\",\"datePublished\":\"2024-07-14T15:30:55Z\",\"dateModified\":\"2024-07-14T15:30:55Z\"}<\/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\/2024\/07\/a_1fba37.jpg?fit=1200%2C627","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/629725","targetHints":{"allow":["GET"]}}],"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=629725"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/629725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/629731"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=629725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=629725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=629725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}