{"id":637805,"date":"2024-08-26T20:30:05","date_gmt":"2024-08-26T20:30:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=637805"},"modified":"2024-08-26T09:14:35","modified_gmt":"2024-08-26T09:14:35","slug":"ethereum-price-rise-to-3000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-rise-to-3000\/","title":{"rendered":"Crypto Pundit Predicts Ethereum Price Rise To $3,000, But A Crash Could Happen First"},"content":{"rendered":"

Crypto analyst CrediBULL Crypto<\/span><\/a> has provided deep insights into what to expect from the <\/span>Ethereum price action<\/span><\/a> going forward. The analyst predict that the <\/span>second largest crypto token<\/span><\/a> by market cap will still rise to $3,000 but noted that a crash will happen first.\u00a0<\/span><\/p>\n

Ethereum To Rise To $3,000 Soon Enough<\/b><\/h2>\n

In an X (formerly Twitter) <\/span>post<\/span><\/a>, <\/span>CrediBULL Crypto<\/span><\/a> shared a chart that showed that Ethereum would rise to $3,000 sometime in September. However, the analyst\u2019s chart also showed that Ethereum will drop below $2,500 before it enjoys this move to the upside. CrediBULL Crypto did well to explain why he believes that <\/span>ETH\u2019s price<\/span><\/a> will follow such a trajectory.\u00a0<\/span><\/p>\n

Related Reading: Cardano Investors React To 14% ADA Price Surge To $0.37<\/a><\/div>\n
\"Ethereum
Source: X<\/figcaption><\/figure>\n

According to the analyst, Bitcoin will likely pull back soon, giving <\/span>altcoins<\/span><\/a> like Ethereum a \u201cnice reset.\u201d He stated that Ethereum’s first downside target is around $2,300 and $2,500. CrediBULL Crypto added that Ethereum will target range lows if it loses that range.<\/span><\/p>\n

However, the crypto analyst remarked that the ideal move is for Ethereum to drop to this first downside target and then bounce from there for another leg up, pushing it into the higher timeframe resistance at $3,000 before the \u201cfinal\u201d crash. Meanwhile, CrediBULL Crypto again noted that this projected move depends on <\/span>Bitcoin\u2019s price action<\/span><\/a>.\u00a0<\/span><\/p>\n

As such, he warned that if Bitcoin \u201cmelts harder,\u201d then ETH will likely lose the range between $2,300 and $2,500 and drop lower. On the other hand, if <\/span>Bitcoin simply corrects<\/span><\/a> \u201cmidway,\u201d then Ethereum will see a bounce in that range and enjoy another higher high, which he highlighted on the chart.\u00a0<\/span><\/p>\n

Based on this chart setup, CrediBULL Crypto warned that opening fresh longs on altcoins like Ethereum at their current price level is a bad idea. There is no doubt that crypto bulls may be tempted to make such a move, seeing as Bitcoin achieved a <\/span>successful breakout above $60,000<\/span><\/a> over the weekend and looks ready for another massive rally to the upside.\u00a0<\/span><\/p>\n

The Real Fun Hasn\u2019t Began For ETH<\/h2>\n

Crypto analyst Cousin Crypto<\/span><\/a> suggested<\/span><\/a> that the \u201cfun\u201d is yet to start for Ethereum and that a massive rally is still on the horizon for the crypto token. Based on the chart he shared, Ethereum is still set to rise above $5,000 in <\/span>this bull run<\/span><\/a> and could begin the rally to this price level next month.\u00a0\u00a0<\/span><\/p>\n

Related Reading: The Shiba Inu Shibarium Suffers 97.6% Crash In Active Accounts, What\u2019s Going On?<\/a><\/div>\n
\"Ethereum
Source: X<\/figcaption><\/figure>\n

Crypto analyst Poseidon<\/span><\/a> echoed a similar sentiment, remarking that the \u201cexpansion\u201d will begin once Ethereum flips $3,000. This expansion will take <\/span>Ethereum as high as $5,200<\/span><\/a>, a price level the analyst predicted the crypto token could reach by October. Such a price rally will mark a new all-time high (ATH) for EtheETHreum, whose ATH is currently at $4,800.\u00a0<\/span><\/p>\n

At the time of writing, Ethereum is trading at around $2,7030, down almost 1% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Ethereum
ETH price still holding $2,700 | Source: ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst CrediBULL Crypto has provided deep insights into what to expect from the Ethereum price action going forward. The analyst predict that the second largest crypto token by market cap will still rise to $3,000 but noted that a crash will happen first.\u00a0 Ethereum To Rise To $3,000 Soon Enough In an X (formerly Twitter) post, CrediBULL Crypto shared a chart that showed that Ethereum would rise to $3,000 sometime in September. However, the analyst\u2019s chart also showed that Ethereum will drop below $2,500 before it enjoys this move to the upside. CrediBULL Crypto did well to explain why he believes that ETH\u2019s price will follow such a trajectory.\u00a0 Related Reading: Cardano Investors React To 14% ADA Price Surge To $0.37 According to the analyst, Bitcoin will likely pull back soon, giving altcoins like Ethereum a \u201cnice reset.\u201d He stated that Ethereum’s first downside target is around $2,300 and $2,500. CrediBULL Crypto added that Ethereum will target range lows if it loses that range. However, the crypto analyst remarked that the ideal move is for Ethereum to drop to this first downside target and then bounce from there for another leg up, pushing it into the higher timeframe resistance at $3,000 before the \u201cfinal\u201d crash. Meanwhile, CrediBULL Crypto again noted that this projected move depends on Bitcoin\u2019s price action.\u00a0 As such, he warned that if Bitcoin \u201cmelts harder,\u201d then ETH will likely lose the range between $2,300 and $2,500 and drop lower. On the other hand, if Bitcoin simply corrects \u201cmidway,\u201d then Ethereum will see a bounce in that range and enjoy another higher high, which he highlighted on the chart.\u00a0 Based on this chart setup, CrediBULL Crypto warned that opening fresh longs on altcoins like Ethereum at their current price level is a bad idea. There is no doubt that crypto bulls may be tempted to make such a move, seeing as Bitcoin achieved a successful breakout above $60,000 over the weekend and looks ready for another massive rally to the upside.\u00a0 The Real Fun Hasn\u2019t Began For ETH Crypto analyst Cousin Crypto suggested that the \u201cfun\u201d is yet to start for Ethereum and that a massive rally is still on the horizon for the crypto token. Based on the chart he shared, Ethereum is still set to rise above $5,000 in this bull run and could begin the rally to this price level next month.\u00a0\u00a0 Related Reading: The Shiba Inu Shibarium Suffers 97.6% Crash In Active Accounts, What\u2019s Going On? Crypto analyst Poseidon echoed a similar sentiment, remarking that the \u201cexpansion\u201d will begin once Ethereum flips $3,000. This expansion will take Ethereum as high as $5,200, a price level the analyst predicted the crypto token could reach by October. Such a price rally will mark a new all-time high (ATH) for EtheETHreum, whose ATH is currently at $4,800.\u00a0 At the time of writing, Ethereum is trading at around $2,7030, down almost 1% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":637809,"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":[167,6664,26263,14690,8323,89213,16163,1946,7931,6931,8686,78803],"class_list":["post-637805","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-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nCrypto Pundit Predicts Ethereum Price Rise To $3,000, But A Crash Could Happen First<\/title>\n<meta name=\"description\" content=\"Crypto analyst CrediBULL Crypto has provided deep insights into what to expect from the Ethereum price action going forward.\" \/>\n<meta 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. 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:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Pundit Predicts Ethereum Price Rise To $3,000, But A Crash Could Happen First","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-rise-to-3000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-rise-to-3000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Ethereum-price-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Ethereum-price-1.jpeg?fit=1792%2C1024"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.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 price","ethusd","ethusdt"],"dateCreated":"2024-08-26T20:30:05Z","datePublished":"2024-08-26T20:30:05Z","dateModified":"2024-08-26T20:30:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Pundit Predicts Ethereum Price Rise To $3,000, But A Crash Could Happen First\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-rise-to-3000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-price-rise-to-3000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Ethereum-price-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Ethereum-price-1.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.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 price\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-08-26T20:30:05Z\",\"datePublished\":\"2024-08-26T20:30:05Z\",\"dateModified\":\"2024-08-26T20:30:05Z\"}<\/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\/08\/Ethereum-price-1.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/637805"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=637805"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/637805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/637809"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=637805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=637805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=637805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}