THE LATEST CRYPTO NEWS

In a significant market development, Ethereum (ETH) has surpassed the $4,000 mark for the first time in over ten months, closing the first week of December with a remarkable 40% surge in the weekly time frame. This upswing has been closely tied to a broader rally in the crypto market, particularly with Bitcoin (BTC), which recently reached new all-time highs. Ethereum Surges 61% As ETF Demand Grows According to Bloomberg, Ethereum exchange-traded funds (ETFs) in the United States experienced unprecedented demand, recording a daily inflow of $428 million on Thursday alone.  This surge in investment interest reflects a growing confidence in Ethereum, particularly following Donald Trump’s election victory on November 5, which ignited a bullish sentiment across the crypto landscape. Since then, Ethereum has outperformed Bitcoin, boasting a staggering 61% increase in value. Related Reading: Trump’s Crypto Czar David Sacks Is Super Bullish For Solana: Here’s Why The appointment of Paul Atkins to lead the Securities and Exchange Commission (SEC) has further bolstered enthusiasm for Ethereum. Atkins, a proponent of pro-crypto regulation and a member of the advisory board for the advocacy group Token Alliance, is seen as a positive force for the crypto industry.  Bloomberg suggests that under his leadership, the restrictions preventing investors from earning yield on staked Ether through ETFs could be reconsidered, enhancing the appeal of these investment vehicles. Altcoin Season In Full Swing Nick Forster, founder of the crypto trading platform Derive.xyz, noted, “Now that Bitcoin has hit $100,000, it appears that investors are seeking the next opportunity.”  Forster highlighted that Ethereum remains significantly below its all-time high of $4,878 reached in November 2021, prompting many investors to shift their focus and explore the potential for gains in altcoins like ETH. The increasing interest in Ethereum is also evident in the derivatives market, where open interest in Ether futures contracts on CME Group Inc. has reached record levels, significantly outpacing the growth in Bitcoin futures.  Le Shi, managing director at market-making firm Auros, remarked that US institutions tend to favor regulated investment vehicles, resulting in a higher concentration of activity in CME Ether futures and ETH ETFs. Additionally, the founders of Glassnode—Yan Allemann, Jan Happel, and Rafael Schutlze-Kraft—have pointed to the resilience of altcoins amid Bitcoin’s recent volatility.  Related Reading: Dogecoin Still In Consolidation – Analyst Expects $0,63 If We Get A Breakout Despite Bitcoin experiencing a 13% dip, altcoins have largely maintained their value, indicating a robust market sentiment. The Altcoin Index hitting 100 further confirms that the market is in the midst of an “Altcoin Season,” with expectations for significant moves as the weekend approaches. Looking ahead, the outlook for the market’ second largest crypto remains optimistic, with increasing expectations for both institutional and retail investments as the current market cycle unfolds.  Analysts have already predicted that gains could soon surpass Ethereum’s previous all-time price, setting the stage for a potentially transformative period in the cryptocurrency market. At the time of writing, ETH trades at $3,990.  Featured image from DALL-E, chart from TradingView.com 

Crypto analyst BallaJi has provided insights into how the Ethereum price breakout could happen and even raised the possibility of ETH reaching $18,000. Ethereum currently boasts a bullish outlook, having recently broken above $4,000 for the first time since March of this year.  How The Ethereum Price Could Reach $18,000 In a TradingView post, BallaJi predicted that the Ethereum price could reach $18,000. The crypto analyst explained that based on logarithmic projections, the measured move of this HVF could send Ethereum to the target. He provided a caveat, stating that the price rally to the target might not happen in 2025.  Related Reading: Analyst Says Bitcoin Price At $100,000 Is A ‘Dangerous Zone’, Predicts Massive Crash However, he is confident that if this bullish pattern is completed, then the Ethereum price could reach this $18,000 price target later on this decade. A rally to this price target would give Ethereum a market cap of around $2 trillion based on its circulating supply of 120.44 million ETH.  Meanwhile, BallaJi highlighted three logarithmic targets on the chart, with $18,000 being the third and last target. The first and second targets are at $3,818 and $6,236 respectively. In an update on the trade setup, the crypto analyst noted that the Ethereum price has reached, broken, and retested the first target at $3,818.  With the trade now active, BallaJi provided insights into how the Ethereum price could continue this upward trend using linear measured moves. The accompanying chart he shared showed that the next linear target is at $5,193; a rally to that target would mark a new all-time high (ATH) for ETH, with its current ATH at $4,800.  Meanwhile, the next linear target is at $7,299. BallaJi’s chart showed that the Ethereum price should hit these price targets by next year. A rally to the $7,299 target could then pave the way for ETH to reach $18,000, although the analyst already warned that it might not happen in 2025.  Countdown To New ATH Has Begun In an X post, crypto analyst Justin Bennett stated that the countdown to a new ATH for the Ethereum price has begun. According to the analyst, ETH could rally quickly above $5,000 as it breaks several levels this week. The analyst’s accompanying chart showed that the quick rally above $5,000 could lead Ethereum to hit $6,300.  Related Reading: Dogecoin Price Analysis: Ascending Triangle On 2-Hour Chart Shows DOGE Is Still Very Bullish Crypto analyst Titan of Crypto also predicted that an Ethereum price rally to $5,000 is imminent. He stated that ETH’s market structure mirrors BTC’s from a few weeks ago. He remarked that the $5,000 target is just the minimum as he believes that Ethereum will likely go higher.  At the time of writing, the Ethereum price is trading at around $3,980, up almost 3% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

Ethereum (ETH) surged past $4,000 earlier today for the first time since March 2024. Having surpassed a key price level with a golden cross, analysts are confident that this could signal the beginning of the highly anticipated altcoin season. How Far Can The Golden Cross Push Ethereum? Ethereum, the leading smart contract blockchain saw its native ETH token rise beyond $4,000 today. What’s interesting is that ETH is not only showing signs of strength against USDT but also against Bitcoin (BTC). Related Reading: Ethereum To Pull A BTC 2021-Like Rally? Analyst Shares Massive Prediction In the ETH/BTC daily trading chart below, it can be seen that ETH has been making gains against the top cryptocurrency. The ETH/BTC trading pair has surged from 0.032 on November 21 to 0.04 at the time of writing. Continued strength against BTC is important for any potential upcoming altseason — a period marked by altcoins outperforming BTC as the latter continues to trade sideways within a range. Crypto analyst @venturefounder took to X to confirm that ETH has completed its first golden cross of the year on the daily chart. The analyst highlighted the bullish momentum a golden cross can impart to ETH’s price, stating: Last time this happened, Ethereum was still in the consolidation stages of the bear market but it still went +129%. In the 2021 bull market, the last goldencross took ETH +2,323%. For the uninitiated, a golden cross in trading is a bullish technical indicator that occurs when a short-term moving average crosses above a long-term moving average. In ETH’s context, the 50-day MA has crossed above the 200-day MA, a sign of a strong rally or trend reversal. Another crypto analyst Altcoin Sherpa indicated that if ETH decisively breaks through the $4,000 level, its next resistance level could be around the $4,800 to $5,000 price level. According to CoinGecko, ETH’s current all-time high (ATH) value is $4,878 recorded back in November 2021. It is also worth highlighting that Ethereum exchange-traded funds (ETF) are finally starting to get attention from institutional investors. According to data from SoSoValue, US-based spot ETH ETFs attracted $428 million in daily total net inflows on December 5. Altseason On The Horizon? Bitcoin dominance (BTC.D), a key metric often used to determine the onset of the altseason has been on a continual decline over the past three weeks. BTC.D has crashed from about 61% to 55%, indicating strong recent performance by altcoins against BTC. Altcoin’s resilience during yesterday’s BTC flash crash to $90,500 is another bullish sign hinting toward a potential altcoin rally in the coming days. In addition, altcoin analyst Crypto Amsterdam noted that it may be time for mid-cap altcoins to start their parabolic cycle. Related Reading: Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains With high anticipation for an Ethereum ‘god candle’ that may catapult the digital asset to $5,000, the coming days are bound to be exciting for altcoin bulls. At press time, ETH trades at $4,000, up 2.5% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com

The Ethereum price has returned above the $3,800 price level on the back of a 5% increase in the past 24 hours. Interestingly, this Ethereum price increase has come amidst a simultaneous increase in the performance of ETH against BTC in recent weeks.  According to crypto analyst Benjamin Cowen, this recent price action might actually be the earliest stages of Ethereum’s price increase against Bitcoin within the next six to 12 months. Analysing The ETH/BTC Pair The last two weeks were highlighted by a consolidation of the Bitcoin price below the $99,000 price level as investors continued to await a break above $100,000. Amidst this Bitcoin price correction, the Ethereum price kickstarted a notable increase from the $3,340 level on November 26. This rally allowed Ethereum and many other altcoins to outperform Bitcoin, leading to speculation about whether the crypto market is now in the initial phases of a long-awaited altcoin season. Related Reading: Bitcoin Price To $100,000: Why Reclaiming The $96,400 Level Is Very Important For Another Rally According to technical analysis from popular crypto analyst Benjamin Cowen, this might be the earliest recovery stage for the ETH/BTC pair. Taking to social media platform X, Cowen remarked that the ETH/BTC pair recently bottomed out at 0.03187, which aligns closely with his previously forecasted worst-case scenario of 0.03. Back in 2023, Cowen had predicted a substantial decline in the ETH/BTC pair. Back then, the ETH/BTC pair was trading around 0.066, but he predicted that it could drop by over 45% at that point. Interestingly, this prediction has materialized as Ethereum’s valuation relative to Bitcoin has been on a decline since the last quarter of 2023 up until recent weeks. Fast forward to December 2024; Ethereum has rebounded and is performing well against Bitcoin. Particularly, the ETH/BTC pair is currently around 0.0396, up 24% from a 2024 low of 0.03187. This resurgence prompted Cowen to re-examine the ETH/BTC pair, and his outlook has turned positive.   Historical Trends Suggest A Seasonal Rebound Cowen highlighted Ethereum’s historical tendencies, noting that the ETH/BTC pair often gains momentum in December or January. If this trend holds and the ETH/BTC pair gains momentum in December, Ethereum may already be in the early stages of recovery. However, if it was to wait until January, a sweep of prior lows at 0.03187 and possibly 0.03 remains possible but increasingly unlikely. He added that within a few months, the exact bottom might become irrelevant. Related Reading: Dogecoin Price Continues Trading Sideways But Bullish Pennant Says Get Ready For $1.30 Looking ahead, Cowen projected a 6-12 month horizon for significant gains in the ETH/BTC pair. Such a move would be highlighted by the Ethereum price outperforming the Bitcoin price and a full altcoin season. At the time of writing, Ethereum is trading at $3,845. Bitcoin, on the other hand, has finally broken above the $100,000 mark and is currently trading at $103,000. The ETH/BTC pair is currently trading at 0.03755. Featured image created with Dall.E, chart from Tradingview.com

Ethereum (ETH) appears to be finally waking up from its slumber as the second-largest cryptocurrency by market cap has jumped 8% in the past 24 hours, surpassing the key $3,800 price level.  Is An ETH God Candle On The Horizon? Ethereum’s rise appears to align with declining Bitcoin (BTC) dominance. This important metric is tracked to gauge the proportion of the total crypto market cap commanded by the top cryptocurrency.  Related Reading: Ethereum Jumps 10% As DeFi Sentiment Rebounds With Trump’s Victory According to the chart below, BTC dominance has been falling dramatically over the past two weeks – sliding from 61.1% on November 20 to 54.9% at the time of writing. As previously reported, trading firm QCP Capital highlighted BTC dominance sliding below 58% as a key condition that could signal the onset of the altcoin season. With ETH now surpassing the $3,800 level, analysts are weighing in on how far the digital asset can rally. Crypto analyst @venturefounder shared his target for ETH on X, pointing to a prolonged cup-and-handle pattern forming for ETH since November 2021. He noted that if ETH decisively breaks $3,800, it could climb as high as $7,346. Similarly, crypto analyst Ali Martinez shared his insights on ETH’s recent price action. Martinez emphasized that the $3,300 support level could be a ‘potential buying opportunity’ should the digital asset pullback from its recent surge.  Martinez added that his mid-term target for ETH remains $6,000, while the long-term target is $10,000. The analyst also highlighted the Ethereum network’s steady growth over the past month, with more than 134,000 new Ethereum addresses added daily. Another crypto enthusiast, @MisterSpread noted that if ETH breaks the $4,000 area, there is a “high chance we see a God candle to $5,000.” Indeed, ETH breaking out of a three-year long downtrend and attempting to establish a new all-time high (ATH) has piqued the attention of the entire crypto industry. Ethereum Fundamentals Continue Getting Stronger Although BTC has led much of the current crypto rally, experts believe Ethereum might be the time to shine due to the multiple positive developments in the top smart contract platform. For instance, Ethereum exchange-traded funds (ETF) are finally attracting large daily inflows, rivaling BTC ETFs consistently.  Further, several proposed network upgrades – including the Ethereum Improvement Proposal-7781 and the possibility of reduction in the amount of ETH required to participate in network staking could serve as catalysts for ETH to hit a new ATH. That said, concerns remain about ETH’s ‘ultrasound money’ narrative due to the inflation surge witnessed in the cryptocurrency’s issuance rate. ETH trades at $3,820 at press time, up 8 % in the past 24 hours. Featured image from Unsplash, Charts from X.com and Tradingview.com

Crypto analysts have revealed that the Ethereum price is about to confirm a golden cross on the daily time frame. This provides a bullish outlook for Ethereum, as it enjoyed a parabolic rally the last time this happened.  Ethereum Price To Confirm Golden Cross, What Next? In an X post, crypto analyst Tony Severino mentioned that the Ethereum price is heading to a golden cross this week. This golden cross occurs when a short-term moving average (MA), like the 50-day MA, crosses a long-term MA, like the 200-day MA. This typically indicates that the crypto in question is set to enjoy a long-term upward trend.  Related Reading: Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Here’s Why Crypto analyst Charting Guy also confirmed this development for the Ethereum price and provided insights into what happened the last time Ethereum witnessed this golden cross. In an X post, the crypto analyst shared a chart that showed what happened combined with the fractal from that time.  Coincidentally, the last time the Ethereum price confirmed this golden cross on the daily timeframe was between November and December last year. Following the Golden Cross, Ethereum rallied from around $1,800 last year to a local top of around $3,600 in March earlier this year.  If history were to repeat itself, the Ethereum price could again witness such a sustained upward trend into the new year. Charting Guy’s accompanying chart showed that Ethereum could rally to as high as $8,000 sometime between March and May next year. Ethereum is already showing signs of an upward momentum, having rallied these last few days while Bitcoin consolidates.  The Ethereum price has already reclaimed the local top of $3,600 from earlier in the year. Meanwhile, Blockchain Center data shows that it is already altcoin season. This is when Ethereum and other altcoins record significant gains while Bitcoin’s dominance cools off. For context, over 75% of the top 50 crypto have outperformed BTC in the last 90 days.  Breakout And Then Moon In an X post, crypto analyst Titan of Crypto suggested that an Ethereum price breakout was imminent. He stated that once ETH escapes the 3-year symmetrical triangle, it will rally to new heights. The analyst’s accompanying chart showed that Ethereum could surpass its current all-time high (ATH) at $4,800 and rally as high as $7,000.  Related Reading: Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout Crypto analyst Venture Founder also made a similar $7,000 prediction for the Ethereum price. This came as he highlighted a giant cup and handle triangle that has been forming for Ethereum since 2021. The analyst added that ETH could explode once it confirms the breakout above the $3,800 range.  At the time of writing, the Ethereum price is trading at around $3,670, up in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

Ethereum (ETH) now offers an attractive risk-reward ratio, according to analysts at research and brokerage firm Bernstein. Despite underperforming compared to other major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP for most of 2024, Ethereum’s strong fundamentals may set the stage for a potential rally. Why Is Ethereum Struggling? Bernstein Analysts Explain  Ethereum, the second-largest cryptocurrency with a market cap exceeding $430 billion, may be on the verge of significant positive price action. Bernstein analysts suggest that ETH’s fundamentals remain strong despite its underperformance, making it an appealing investment opportunity. To put Ethereum’s performance into perspective, on a year-to-date (YTD) basis, Bitcoin and Solana have surged 125% and 122%, respectively, while ETH has only managed a 57% increase. In a client note shared today, analysts led by Gautam Chhugani highlighted several factors contributing to Ethereum’s struggles. One issue is that ETH has not established itself as a store of value to the same extent as BTC. Additionally, the leading smart contract platform faces increasing competition from low-latency Layer 1 blockchains such as Solana, Sui, and Aptos. Related Reading: Ethereum Accumulation Rises As 70% Holders Are In Profit: What It Means For ETH Price? The note also pointed out that Ethereum’s reliance on Layer 2 blockchains, including Optimism, Arbitrum, and Base, often redirects users away from Ethereum’s main chain. This hampers user retention and limits transaction fee growth, creating a headwind for ETH’s price momentum. Is Now The Right Time To Buy ETH? Bernstein analysts argue that Ethereum’s outlook could improve substantially, particularly in light of Republican presidential candidate Donald Trump’s recent election victory. Following Trump’s win, the total cryptocurrency market cap has surged over 45%, surpassing $3.5 trillion. Ethereum has been one of the biggest beneficiaries of this rally, gaining 46% since the election compared to Bitcoin’s 41% and Solana’s 36%. The analysts also noted key developments that could support Ethereum’s growth moving forward. They highlighted the increasing likelihood of staking yield approval in Ethereum exchange-traded funds (ETFs) under a Trump-led, crypto-friendly Securities and Exchange Commission (SEC). The analysts explained: We believe, under a new Trump 2.0 crypto-friendly SEC, ETH staking yield will likely be approved. The analysts added that Ethereum’s current yield rate of 3% could increase to as high as 4% to 5%, which could be an attractive yield rate for investors in a declining interest rate environment. Further, the recently observed growth in Ethereum ETFs in the form of higher inflows could benefit ETH. Although ETH ETFs had a lukewarm launch, they have recently outperformed Bitcoin ETFs in daily inflows. For instance, on November 29, spot ETH ETFs in the US attracted $332.9 million in inflows, compared to $320 million for Bitcoin ETFs. Related Reading: Ethereum Spot ETFs Attract Record $295 Million Daily Inflows – Is ETH Set For New Highs? In addition, Ethereum’s transition to a proof-of-stake (PoS) consensus algorithm in September 2023 and the protocol’s burn mechanism have stabilized ETH’s total supply around 120 million. Of these, about 28% is tied in staking contracts while roughly 10% is in lending protocols or Layer 2 bridges. With a high proportion – close to 60% – of total ETH supply unmoved in the past year, the analysts at Bernstein believe the digital asset might benefit from favourable demand-supply dynamics. At press time, ETH trades at $3,644, down 1.8% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com

The Ethereum Foundation (EF) has announced a substantial financial commitment, investing “tens of millions” of dollars into advancing zero-knowledge Virtual Machines (zkVMs), a cutting-edge technology poised to enhance scalability and security within the Ethereum ecosystem. Justin Ðrake, a researcher at the Ethereum Foundation, revealed the investment via a post on X: “The EF is investing […]

A crypto enthusiast known as p0pular.eth has successfully convinced an AI agent named Freysa to transfer its entire prize pool of 13.19 ETH, approximately $47,000 USD, into their possession. The achievement was detailed by Jarrod Watts, Developer Relations at Abstract Chain, who stated, “Someone just won $50,000 by convincing an AI Agent to send all […]

The Ethereum (ETH) price rallied by about 10% on Wednesday to clear the $3,550 resistance zone very swiftly. Interestingly, this bullish price action has led to a bullish signal on a popular indicator used for predicting price outlook. Notably, the SuperTrend buy signal has resurfaced, bringing into question Ethereum’s potential to replicate its past performance […]

Ethereum has been making waves in the crypto market, reaching its highest levels since June after hitting a local high of $3,688 just hours ago. This impressive price action has sparked excitement among investors and analysts, with many anticipating further surges in the coming hours. Ethereum is now eyeing a breakout above its yearly highs, which could set the stage for an even more aggressive rally. Related Reading: Cardano Whales Buy The Dip – Metrics Show Increasing Demand Crypto analyst Carl Runefelt shared a technical analysis on X, highlighting the significance of Ethereum’s current resistance. According to Runefelt, ETH is at a critical juncture, facing a major resistance level that could determine its next move. Should Ethereum break above this barrier, it might quickly pump to $3,900, solidifying its bullish momentum. As the broader market sentiment remains strong, Ethereum’s price action remains unpredictable, especially as it leads altcoins in this upward trend. Investors are now eager to see whether ETH can maintain its upward trajectory and establish new milestones in the days ahead.  Ethereum Reaching New Highs Ethereum is making headlines as it reaches new highs, riding the wave of bullish momentum while Bitcoin consolidates below the $100,000 mark. This rally has positioned Ethereum as a key driver in the altcoin market, which continues to post massive gains and attract investor attention. With the broader market sentiment improving, Ethereum’s performance is becoming a focal point for traders and analysts alike. Related Reading: XRP Consolidates Below Crucial Resistance – Analyst Sets $1.60 Target Crypto analyst Carl Runefelt recently shared a technical analysis on X, emphasizing Ethereum’s critical resistance level. According to Runefelt, Ethereum is currently at a make-or-break point. A successful breakout above this resistance could trigger a sharp rally, potentially sending ETH to $3,900. If this level is surpassed, Ethereum would likely target yearly highs above $4,000, solidifying its position as a leader in the ongoing market surge. The coming days will be crucial for Ethereum as traders closely watch its ability to maintain upward momentum and overcome these key price levels. With the altcoin market gaining strength and optimism growing, Ethereum’s next move could set the tone for the broader crypto landscape. Whether it achieves a breakout or consolidates further, the attention on Ethereum highlights its role in shaping this bullish market cycle. ETH Price At A Turning Point Ethereum is currently trading at $3,600, a crucial level that will define its next price direction. As the market watches closely, Ethereum’s ability to hold above this price will determine whether it can continue its bullish momentum or face a pullback. If ETH maintains strength above $3,600, it is likely to surge further, targeting the next significant milestone: yearly highs at $4,080. A breakout above this level would not only reaffirm the bullish trend but also position Ethereum for a potential continuation toward even higher levels. However, Ethereum could face a short-term correction if it fails to hold above $3,600. The first major demand zone lies at $3,400, which would act as a critical support level. A failure to sustain even this level could lead to further declines, with the next potential support zones forming at lower price ranges. Related Reading: Cardano Reclaims $1 As Network Growth Surges – Larger Breakout Ahead? Market sentiment remains cautiously optimistic, with many analysts highlighting the importance of Ethereum’s current price action. The coming days will be pivotal as investors and traders look for signs of strength or weakness at this critical juncture. Whether Ethereum consolidates further or surges toward new highs, its performance will likely have a significant impact on the broader altcoin market. Featured image from Dall-E, chart from TradingView

While Bitcoin (BTC) has reached new all-time highs this month, the Ethereum price has failed to experience a significant rally, befitting its position as the second-largest cryptocurrency by market capitalization. However, a crypto analyst suggests that this bearish price action could soon end, as Ethereum (ETH) appears to be repeating its breakout pattern from the 2017 to 2018 cycle. Based on this analysis, the ETH price could be on track to hit a remarkable new price target above $20,000.  Ethereum Price Eyes New Target Above $20,000 Mr Tycoon, a TradingView analyst, has shared his intense bullish outlook for the Ethereum price, suggesting that the number one altcoin in the crypto market could surge as high as $23,000 this cycle. The analyst shared his optimism about Ethereum’s recent price action, emphatically declaring that the altcoin is about to “send higher soon.” Ethereum last experienced a record-breaking price surge during the 2021 bull market, when it achieved an ATH above $4,800. The TradingView analyst has revealed that Ethereum’s fractal in the previous bull cycle versus this current cycle follows a similar pattern, indicating an imminent rally.  Mr. Tycoon presented a detailed chart comparing Ethereum’s price movements in the 2017-2021 and 2021-2025 cycles. In the earlier four-year cycle, Ethereum hit a macro bottom in 2019, experiencing price fluctuations before recording a significant rally after Bitcoin broke an all-time high in 2021. A similar price action is also seen in this current four-year cycle, where Ethereum hit its macro bottom in 2022 and then declined significantly. Based on the analyst’s chart, Bitcoin reached an ATH in 2024, just like it did in the 2021 bull cycle.   The TradingView analyst noted that historically, Ethereum starts pumping after Bitcoin enters a price discovery. This implies that Bitcoin typically leads the market cycles, and once it finds a new ATH, ETH tends to follow, experiencing a notable rally.  With this in mind, Mr. Tycoon predicts a significant price increase for Ethereum, suggesting that it could surge past previous all-time highs and rise above $23,000. This impressive price rally would represent a 557% increase from the current market value of ETH.  Analyst Reveals Best Time To Buy ETH  While Ethereum is trading at $3,586 as of writing, a crypto analyst identified as ‘Crypto Ash’ has projected that a rally to $10,000 or $15,000 is highly probable for the top altcoin this bull cycle.  The analyst revealed that the best time to start accumulating Ethereum was in December 2024, which represents a prime entry point for investors. His analysis indicates that, historically, Ethereum has experienced significant price growth from January to April after each Bitcoin halving year. This suggests that investors who begin purchasing ETH tokens as early as December may be well-positioned for gains if the ETH price rallies in Q1 2025.  Featured image created with Dall.E, chart from Tradingview.com

Recent data from market intelligence firm Arkham Intel reveals that President-elect Donald Trump’s crypto portfolio has seen significant gains, coinciding with a robust uptrend in crypto prices following his election victory on November 5.  Despite Bitcoin (BTC) being at the center of Trump’s presidential campaign, one notable asset among his holdings is Ethereum (ETH), of which he owns nearly 496 coins. This altcoin has been the standout performer among his investments, rising 38% over the past thirty days. Trump’s Crypto Holdings Shine  Crypto analyst Michael van de Poppe pointed out a bullish divergence on Ethereum’s daily chart, suggesting that the current market dynamics are ripe for further growth.  The analyst identified a key driver behind ETH’s recent performance: a significant drop in government bond yields. As these yields decline, van de Poppe suggests that investor interest in riskier assets like Ethereum tends to increase, propelling prices higher. Related Reading: Historic Bitcoin Buy: MicroStrategy Adds 55,500 More BTC To Its Portfolio For $5.4 Billion Van de Poppe elaborated that the ongoing fluctuations in the yield markets could significantly impact Ethereum’s trajectory. With Labor Market Week approaching, he speculated that if economic indicators are weak, the Federal Reserve might implement more rate cuts. Such actions would likely lead to lower yields, further boosting Ethereum’s price. Another analyst, Jesse Olson, echoed this optimistic outlook, noting that Ethereum’s dominance over Bitcoin is showing signs of a bullish divergence. His analysis indicates that positive momentum could soon lead to significant buying opportunities for ETH. As a result of these developments, Trump’s crypto holdings have surged by nearly $1.6 million within the past 24 hours, reflecting the positive market sentiment surrounding Ethereum and other tokens in his portfolio. Major Investment From TRON Founder In a related development, crypto entrepreneur Justin Sun has emerged as a major investor in Trump’s World Liberty Financial, committing $30 million to the decentralized finance (DeFi) project.  Sun, the founder of the TRON cryptocurrency, declared his support for Trump’s vision of turning the US into a blockchain hub. He noted, “TRON is committed to making America great again and leading innovation,” highlighting the project’s ambition to democratize financial services by eliminating intermediaries. Related Reading: Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance World Liberty Financial, which was launched shortly after Trump survived a second assassination attempt, aims to raise $300 million at a valuation of $1.5 billion.  However, the project has recently revealed that its WLF token offerings are primarily being marketed offshore, with only $30 million set aside for US investors. Once this threshold is met, the US offering will close, despite having a substantial amount of tokens still available for sale. Trump is also reportedly in discussions for the acquisition of the digital asset marketplace Bakkt Holdings Inc. through Trump Media & Technology Group Corp., which he controls. At the time of writing, ETH was trading at $3,435, up 2.4% for the 24-hour period. Featured image from CFR, chart from TradingView.com

Recent analysis suggests that the Ethereum price may be operating on an 8-year cycle, diverging from Bitcoin’s established 4-year cycle. This would explain the sheer underperformance of the Ethereum price in relation to the Bitcoin price since the beginning of the year. Keeping this in mind, technical analysis suggests that the Ethereum price still has a long way to go in this cycle, especially if the Bitcoin price starts to undergo a major correction. Understanding ETH/BTC’s 8-Year Cycle Technical analysis of the ETH/BTC chart has pointed out an interesting cycle between both crypto heavyweights. Notably, the chart shows that the Ethereum price has been largely underperforming against the Bitcoin price for the past few years, a trend that has been further exacerbated since July of this year.  Related Reading: XRP Price Reaches 3-Year High At $1.6 – 2 Ways It Can Go From Here Unlike the Bitcoin price, which follows a well-documented 4-year cycle aligned with its halving events, the Ethereum price seems to chart a different path. Over the years, data suggests that Ethereum is aligned with an 8-year cycle. This distinction explains why Ethereum and its ecosystem often appear to lag behind Bitcoin during bull runs and bear markets. Interestingly, this distinction has been very obvious in the current bull cycle, which has seen the Bitcoin price breaking into multiple new all-time highs while Ethereum continues to struggle under $4,000. Ethereum’s 8-year cycle indicates that as the Bitcoin price starts to reach a peak within its own cycle, Ethereum could be counterbalancing these movements. This plays into the notion of an altcoin season where investors start to take profit on the Bitcoin price and start investing in the altcoin market.  According to an analysis on the TradingView platform, the 4-year cycle of the Bitcoin price suggests that the leading cryptocurrency might plunge to the depth of its sinusodial path by 2026, according to its Power Law corridor by 2026. On the other hand, this predicted Bitcoin price decline will be counteracted by a simultaneous Ethereum price surge that would push it to its highest point in the 8-year cycle by 2026. Projected Peak For Ethereum Price In Mid-2026 Based on the 8-year cycle theory, Ethereum’s price is anticipated to peak by mid-2026. This peak is expected to align with the trough of Bitcoin’s 4-year cycle, creating a counterbalance between the two leading cryptocurrencies. During this period, Ethereum’s price is projected to climb to its highest levels as Bitcoin enters a price correction phase. Additionally, BNB is expected to act as a stabilizing asset alongside Ethereum as the Bitcoin price declines. Related Reading: Dogecoin ATH Incoming? Analyst Issues 2-Day Price Forecast Price forecast suggests that the Ethereum price could reach $17,600 by June 2025, with BNB simultaneously rising to $3,520. By July or August 2026, Ethereum is projected to reach $150,000, while BNB may climb to $30,000. At the time of writing, Ethereum and BNB are trading at $3,385 and $660, respectively. Bitcoin is trading at $98,150. Featured image created with Dall.E, chart from Tradingview.com

Ethereum has been trading at its highest levels since late July, hovering around $3,470. This marks a significant rebound for the second-largest cryptocurrency, which has managed to hold above the crucial 200-day moving average (MA) at $2,965. By maintaining this level, Ethereum confirmed a bullish price structure, paving the way for continued momentum as it approaches its next milestone—yearly highs near $4,000. Top analyst and investor Carl Runefelt recently shared his technical analysis on X, pointing out that Ethereum’s price action has built a solid foundation for further growth. According to Runefelt, Ethereum is poised for a substantial rally once it breaks above key resistance levels, signaling increased confidence among traders and investors. Related Reading: Bitcoin Realized Profit Hits ATH At $443 Million – Local Top Or Continuation? This bullish sentiment is further fueled by Ethereum’s consistent on-chain activity and growing institutional interest, which continue to support its upward trajectory. However, breaking past $4,000 will require Ethereum to overcome resistance zones that have historically triggered pullbacks. As ETH consolidates gains, market participants are watching closely for signs of the next breakout, which could set the tone for the remainder of the year. Ethereum’s recent strength underscores its role as a market leader and a bellwether for broader cryptocurrency trends. Ethereum Testing Crucial Supply Ethereum is testing a crucial supply zone just below the $3,500 level, a key resistance that could propel the cryptocurrency to yearly highs in the coming days. This level has become a focal point for traders and investors, as breaking it would likely signal a bullish continuation of Ethereum’s recent momentum. Top analyst Carl Runefelt recently shared his insights on X, emphasizing the significance of this resistance. According to his technical analysis, once Ethereum breaks through the $3,500 barrier, it could rapidly climb to $3,700, potentially within hours. The market sentiment surrounding Ethereum remains optimistic, with surging demand as a catalyst for further price gains. Ethereum’s strength at this critical level is also reigniting speculation about a possible Altseason. If ETH continues its upward trajectory and attracts more capital, it could pave the way for other altcoins to follow suit. Historically, Ethereum’s price action has been a leading indicator for broader market movements, and this time appears no different. Related Reading: Bitcoin Rally Benefits From US Buyers – Coinbase Premium Gap Reveals Strong Demand As ETH approaches this pivotal moment, all eyes are on its ability to maintain upward momentum. A strong push past $3,500 would confirm the bullish structure and set the stage for Ethereum to dominate market narratives in the weeks ahead. Key Levels To Watch Ethereum is trading at $3,470, hovering below the crucial $3,500 resistance level. This local high has become a key area of focus for traders and analysts, as breaking above it could set the stage for a significant rally. If Ethereum manages to push through this resistance with strength, it could trigger a breakout that propels the price toward $3,900 within days. However, the market remains cautious about the potential risks associated with this pivotal moment. A failed breakout at the $3,500 mark could lead to sideways consolidation as Ethereum seeks stronger buying pressure to resume its upward momentum. In a more bearish scenario, a substantial correction could occur, driving ETH back to lower levels to establish a more solid base of support. Related Reading: XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs? The current price action highlights the importance of this resistance zone. A clean break above $3,500 would likely confirm Ethereum’s bullish structure and reinforce confidence in a continued uptrend.  On the other hand, any hesitation or rejection at this level could signal the need for further consolidation before the next major move. As ETH approaches this critical juncture, the market is closely watching to determine its next direction and the potential implications for the broader crypto landscape. Featured image from Dall-E, chart from TradingView

Investor interest in the spot Ethereum ETFs (exchange-traded funds) appeared to have waned after failing to register a net inflow day for six consecutive days. However, the cryptocurrency products ended the week on a high with a substantial capital influx on Friday, November 22. This capital inflow represents a shift in investor sentiment, which has not particularly been positive over the past few days. Nonetheless, the market would be hoping that this newly found momentum would persist and perhaps also trigger some bullish action for the ETH price. Can Ethereum ETFs Ensure ETH’s Price Recovery? According to the latest data from SoSoValue, the United States-based spot Ethereum ETFs witnessed a net inflow of $91.21 million on Friday. This positive single-day performance represents the first net inflow for the exchange-traded funds since November 13. Related Reading: This Analyst Correctly Predicted The Bitcoin Price Jump To $99,000, But His Prediction Is Not Done Market data shows that a significant portion of the inflows came from BlackRock’s iShares Ethereum Trust (with the ticker ETHA). The crypto product registered around $99.7 million in total daily inflows to close the previous week. Fidelity’s Ethereum Fund (with the ticker FETH) and Bitwise’s Ether ETF (ETHW) were the only other products to post capital inflows on Friday, recording $5.76 million and $4.96 million, respectively. Grayscale’s ETHE and ETH registered outflows of over $18.5 million and $621,000, respectively. As earlier mentioned, Friday’s performance represents a return to positive inflows for the Ethereum ETFs. Prior to this showing, the crypto products posted six consecutive outflow days, draining a cumulative total of $225.6 million within this period. The price of ETH, which initially seemed to have found its footing, also slowed down during this period of the Ethereum ETFs outflow. This trend highlights the significant influence of the exchange-traded funds on price action — both for the world’s largest cryptocurrency Bitcoin and Ethereum. With the fortunes of the US-based Ethereum ETFs seemingly turning around, the price of ETH has also taken an upward swing in the last couple of days. Investors will be hoping that the positive momentum for the Ethereum ETFs continues and translates into the altcoin’s price. Ethereum Price At A Glance As of this writing, the price of ETH stands at around $3,423, reflecting a 2.1% increase in the past day. The altcoin is up by more than 9% on the weekly timeframe, according to data from CoinGecko. Related Reading: Bitcoin Price Mirrors 2017 Pattern, Is The Top Only 2 Weeks Away After Hitting $100,000? Featured image created by Dall-E, chart from TradingView

Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market. This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs.  Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle. This metric reflects aggressive buying activity in the futures market, further supporting Ethereum’s potential for continued upward momentum. Related Reading: Bitcoin Open Interest Hits ATH As BTC Nears $100K – What To Expect? The driving force behind this rising demand for Ethereum appears to stem from profits being cycled out of Bitcoin. With Bitcoin consistently breaking all-time highs, investors are reallocating gains into ETH, boosting its price. Ethereum’s ability to capitalize on Bitcoin’s momentum underscores its position as the second-largest cryptocurrency and a key player in the broader market trend. However, the next few days will be crucial for Ethereum as it nears its yearly highs. A strong breakout above these levels could propel ETH into a new uptrend, further strengthening its bullish narrative. Ethereum Bulls Waking Up  Ethereum bulls are finally showing signs of life after eight months of bearish price action, with the price surging over 40% since November 5. This strong upward momentum aligns with the broader market rally, fueling optimism that Ethereum’s recovery is just beginning. The resurgence in bullish sentiment has positioned Ethereum as a key focus for investors seeking opportunities in the current market environment. According to data by CryptoQuant analyst Maartunn, Ethereum’s Taker Buy Volume recently hit $1.683 billion in a single hourly candle, highlighting significant demand and the involvement of high-volume trades. This aggressive buying activity is a bullish signal, suggesting increased confidence in Ethereum’s potential to sustain its rally. Strong demand at this scale creates upward pressure on the price, reinforcing the bullish narrative for ETH. Related Reading: Bitcoin Rally Driven By U.S. Coinbase Investors – Top Analyst Shares Metrics However, Ethereum still faces a critical hurdle at the $3,550 level, a significant supply zone that has acted as a barrier since late July. The next few days will be pivotal for Ethereum, as breaking above this key resistance could signal the continuation of its upward trajectory. Failure to do so, however, might result in a short-term consolidation. All eyes are now on ETH, as its next moves could set the tone for the altcoin market. ETH Holding Above Key Levels  Ethereum (ETH) is trading at $3,333 after a 10% surge yesterday, marking a significant rebound for the second-largest cryptocurrency. The price is testing a critical supply zone just below the $3,450 level, a resistance area that bulls need to reclaim to confirm the uptrend and maintain momentum for new highs. This supply zone has historically acted as a key barrier, and breaking above it with conviction would signal strong buying pressure and the potential for a sustained rally. Holding above the 200-day moving average (MA) at $2,959 further strengthens the bullish case for Ethereum, as this indicator is widely regarded as a benchmark for long-term price trends. Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed Should Ethereum maintain its position above the 200-day MA and push decisively past the $3,450 level, it could pave the way for a bullish rally, targeting higher resistance zones in the coming days. However, failure to overcome this supply area may result in short-term consolidation as bulls regroup to challenge the level again. For now, the market focuses on Ethereum’s ability to clear this crucial resistance and continue its upward trajectory. Featured image from Dall-E, chart from TradingView

As Bitcoin (BTC) reached a new all-time high (ATH) of $98,310 today, the ETH/BTC trading pair fell to multi-year lows, raising questions about the relative strength of Ethereum (ETH), the second-largest digital asset. What’s Causing Ethereum’s Underperformance Against Bitcoin? Bitcoin’s new ATH earlier today brings it within $2,000 of the coveted $100,000 mark. However, BTC’s sustained dominance has resulted in the underperformance of altcoins, particularly Ethereum, throughout the year. Related Reading: Ethereum Could Be Set To Explore New Highs As On-Chain Metrics Light Up The weekly chart below reveals that the ETH/BTC trading pair has dropped to a multi-year low of 0.0331 – a level last seen in March 2021. Since December 2021, the pair has failed to form a new higher high, reflecting a decline of over 60%. The pair’s losses have accelerated since July 2024, coinciding with Bitcoin’s price surge, driven by rising optimism over pro-crypto Republican candidate Donald Trump’s prospects in the U.S. presidential election. The success of Bitcoin exchange-traded funds (ETFs) has also contributed to institutional preference for BTC over other cryptocurrencies. At present, BTC ETFs hold more than $100 billion in total net assets. While Ethereum ETFs have also received regulatory approval, they haven’t matched the success of their Bitcoin counterparts. For instance, US-based spot Ethereum ETFs have accumulated only $8.96 billion in total net assets so far. Additional factors, such as Bitcoin’s halving in April 2024 – reducing miner rewards from 6.25 BTC to 3.125 BTC—have further reinforced BTC’s supply scarcity narrative. In contrast, Ethereum’s rising issuance rate has led some experts to question its “ultrasound money” status. Additional factors such as Bitcoin halving in April – which slashed miner rewards from 6.250 BTC to 3.125 BTC – further reinforced the digital asset’s supply scarcity narrative. In contrast, Ethereum’s rising issuance rate has led some experts to question its “ultrasound money” status. When Will Ethereum Recover Losses Relative To BTC? With the ETH/BTC trading pair hitting new lows, Ethereum traders are eager to know when ETH might recover its losses. Several analysts have shared their views on X. Related Reading: Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation Crypto analyst @CryptoGemRnld recently identified two strong support zones: a trendline support and a demand box zone. According to the analyst, since 2017, the ETH/BTC pair has historically rebounded from these levels, often leading to altcoin seasons. Similarly, seasoned trader Peter Brandt has suggested that the ETH/BTC ratio may be approaching its bottom. Brandt’s analysis predicts a potential reversal in December, with the trading pair beginning an upward trajectory. Supporting this outlook, recent data indicates that ETH may be undervalued at current prices. The limited inflow of ETH to exchanges, coupled with a lack of significant profit-taking, suggests that ETH bulls are holding out for further gains. Additionally, spot ETH ETFs have been recording significant inflows, attracting over $515 million between November 9 and November 15. At press time, ETH trades at $3,333, up 7.4% in the past 24 hours. Featured image from Unsplash, charts from Tradingview.com

The Ethereum price has been consolidating for about a week since it hit a four-month high at $3,420. As the second largest cryptocurrency, Ethereum has the biggest price correlation with Bitcoin. However, you could argue the Ethereum price has been largely left behind in terms of performance throughout the ongoing bull cycle. Interestingly, a crypto analyst, Ben Lilly, has shared a bold prediction about the trajectory of the Ethereum price.  Taking to a post on the social media platform X, Ben Lilly forecasted that the Ethereum price will reach a new all-time high (ATH) between December 21, 2024, and January 7, 2025. The prediction stems from his analysis of the previous performance of the ETH price movements during Bitcoin’s ATH discovery phase in 2021. A Historical Parallel: Ethereum’s 2021 Rally In his analysis, Ben Lilly referenced Ethereum’s price behavior during the historic rally of the Bitcoin price in the 2021 bull run. At the time, the Ethereum price was trading nearly 60% below its 2018 peak. After Bitcoin broke out to fresh ATH levels, it took Ethereum five weeks to follow suit, rallying by about 640% to reach its current ATH of $4,878. Related Reading: Analyst Confirms Dogecoin Price Test Of 0.786 Fibonacci Level, What Happens Next? Lilly believes the present market conditions mirror those of 2021, with the Bitcoin price recently entering price discovery mode. Ethereum, which was approximately 50% below its 2021 peak of $4,418 as of November 2024, has started to rebound, showing over 20% gains within just two weeks from a low of $2,366 on November 4. Interestingly, the analyst’s comments suggest that as the Bitcoin price continues to set new price records this bull run, Ethereum is likely to follow with a substantial price leap very soon. The timeframe for this substantial price leap, he projects, aligns closely with late December 2024 and early January 2025. Based on his projections, the analyst asserts that Ethereum could repeat its historical pattern and rally significantly within a short timeframe. He highlights that a 300% surge from Ethereum’s November 4 low price level could push it toward the $10,000 mark.  ETH will form a new ATH between Dec 21-Jan7. I don’t make the rules. pic.twitter.com/NVgVdQ8Bsj — Ben Lilly (@MrBenLilly) November 20, 2024 Current State Of The Ethereum Price Ben Lilly’s Ethereum price prediction highlights the importance of the Bitcoin price momentum to that of the second-largest asset. Particularly, the 2021 pattern he pointed to is a result of an altcoin season where the altcoin market (led by Ethereum) started to outperform the Bitcoin price. Related Reading: 297% Spike In Cardano Large Holder Volume Suggests ADA Price Could See Another Uptrend As it stands, an altcoin season has yet to materialize this cycle, and all the interest is going into Bitcoin. The Bitcoin price is currently on an all-time high roll, meaning the market will have to continue to wait for the interest to roll into Ethereum. At the time of writing, the ETH price is trading at $3,107 and is down by 3.84% in the past seven days. Featured image created with Dall.E, chart from Tradingview.com

Ethereum (ETH) has consolidated since November 12, when it hit a local high of $4,446. Despite Bitcoin’s impressive rally capturing market attention, Ethereum has struggled to maintain upward momentum and reclaim its yearly highs. The price action reflects a period of indecision, as ETH faces challenges in breaking through significant resistance levels that could reignite bullish sentiment. Related Reading: Bitcoin Demand Outweighs Supply As LTH Enter Active Distribution Phase While Ethereum lags behind Bitcoin in performance, analysts remain optimistic about its potential for a breakout. Notably, Carl Runefelt, a prominent crypto analyst, recently shared a technical analysis suggesting that ETH is on the verge of a major move. According to Runefelt, Ethereum must push above a key resistance level to trigger a breakout and rejoin the broader market’s bullish trend. As the second-largest cryptocurrency by market cap, Ethereum’s next steps will be crucial for traders and investors watching the market closely. A breakout above resistance could signal the start of a new upward phase, while continued consolidation might test the patience of market participants. With technical signals aligning and speculation building, Ethereum’s price action in the coming days will likely set the tone for its performance in the weeks ahead. Ethereum Prepares To Surge Ethereum has been underwhelming in its price action since March, struggling to keep pace with Bitcoin’s performance. Despite a few notable surges, ETH has yet to achieve the breakout investors eagerly anticipate.  Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed The prolonged consolidation has frustrated some traders, but an optimistic sentiment remains among those who believe Ethereum is poised for a significant rally once it clears key supply levels. Top crypto analyst Carl Runefelt recently shared his technical analysis on X, highlighting Ethereum’s current position within a bullish flag pattern. According to Runefelt, ETH has attempted to break out of this formation for the past two weeks, facing stiff resistance at critical supply zones. However, he remains confident that it could rapidly surge to $4,150 once Ethereum breaches this level. Such a move would mark a substantial percentage increase from current prices, sparking a wave of investor enthusiasm. The fear of missing out (FOMO) could drive additional buying momentum, creating a self-reinforcing price appreciation cycle. If ETH follows this trajectory, it would confirm the bullish flag breakout and signal Ethereum’s return to a dominant position in the crypto market. ETH Price Action: Technical Details  Ethereum is trading at $3,120 following several days of sideways consolidation below its recent local high of $3,446. Despite the pause in upward momentum, ETH has shown strength by surging above the critical 200-day moving average (MA), currently at $2,957, and maintaining its position above this key technical indicator. The 200-day MA is often a pivotal line between bullish and bearish trends. Ethereum’s ability to stay above it signals robust support from buyers and growing confidence in the market. If ETH continues to hold this level, it could pave the way for a bullish surge, with the first target being the local top at $3,446. Beyond that, a break above this resistance level could see ETH aiming for yearly highs near $4,000, reigniting enthusiasm among traders and investors. Such a move would likely confirm Ethereum’s return to a sustained uptrend, aligning it more closely with Bitcoin’s recent bullish performance. Related Reading: Dogecoin Breaking Out Of Falling Wedge Pattern – Analyst Reveals Target However, losing the 200-day MA as support could introduce risks of a pullback, potentially sending ETH to retest lower levels. Ethereum’s price action remains strong, with the market eagerly watching for the next significant move. Featured image from Dall-E, chart from TradingView

Ethereum (ETH) has been underperforming in this cycle, trailing far behind Bitcoin’s impressive rally to new all-time highs. While Bitcoin captures headlines with its continued surge, ETH struggles to reclaim its yearly highs, leaving many investors questioning its next move. Despite the lackluster price action, data from CryptoQuant CEO Ki Young Ju reveals a silver […]

Ethereum (ETH) is gearing up for an explosive bullish phase after decisively breaking above the crucial $3,000 mark. This milestone has fueled optimism among traders and investors, signaling a potential surge to new all-time highs. ETH’s recent price action demonstrates strong momentum, suggesting that the second-largest cryptocurrency by market cap is ready to reclaim its place in the spotlight. Renowned analyst and investor Carl Runefelt has bolstered this bullish outlook with a compelling technical analysis. Sharing his insights, Runefelt pointed out Ethereum’s impressive recovery and growing strength. He emphasized that if current momentum continues, the $6,000 milestone could be within reach sooner than many expect.  Related Reading: Bitcoin Spot Is King – STH Selling Pressure Expected To Be Absorbed By ETFs According to Runefelt, Ethereum’s upward trajectory is supported by increasing network activity, heightened institutional interest, and broader adoption of its smart contract capabilities. The crypto market’s recent surge, led by Bitcoin’s new all-time highs, has created an environment ripe for Ethereum to follow suit. As traders focus on ETH’s potential to outperform other altcoins, all eyes are on whether it can sustain its breakout and push higher. The coming weeks will be crucial as Ethereum solidifies its position above $3,000, potentially paving the way for a rally that could redefine expectations for this cycle. Ethereum Testing Supply  Ethereum is on the brink of a significant breakout as it approaches the last major supply levels before potentially embarking on a Bitcoin-like rally. After reclaiming its local highs with strong momentum, Ethereum has captured the attention of traders and investors looking for the next big move in the crypto market. Many believe the current consolidation phase is just the calm before a bullish storm. Runefelt recently shared a detailed technical analysis on X, highlighting Ethereum’s readiness for a massive bull run. Runefelt emphasized that ETH is mirroring Bitcoin’s recent explosive breakout, suggesting that Ethereum could be next to surge.  According to his analysis, this may be the last opportunity to buy ETH at relatively low prices before the market takes off. Runefelt set an ambitious price target of $6,000, forecasting this level as attainable once Ethereum breaks through its final supply zones. Related Reading: XRP Breaks Above Multi-Year Resistance – Top Analyst Shares Price Target Ethereum’s potential rally is supported by a combination of technical strength and increasing demand for its smart contract platform. With Bitcoin setting new all-time highs, the market’s focus is gradually shifting toward altcoins, particularly Ethereum. If ETH breaks above its current resistance, it could ignite a wave of buying pressure that sends prices soaring to unprecedented levels. ETH Testing Technical Levels  Ethereum is currently trading at $3,110, following a 12% retrace from its recent local highs. Despite the pullback, ETH continues to show resilience, holding firmly above the 200-day moving average (MA) at $2,955. This key demand level is a strong indicator of long-term market strength and suggests that Ethereum remains in bullish territory despite short-term volatility. The 200-day MA serves as a critical support zone, and its defense could pave the way for a significant rally in the coming days. If ETH maintains its position above this level for an extended period, it would signal renewed bullish momentum and set the stage for a breakout to higher supply zones. Related Reading: Solana ‘God Candle Is Close’ As It Breaks From Crucial Resistance – Top Analyst The next major resistance level for Ethereum is at $3,450. A successful breach and consolidation above this price point would confirm a breakout, positioning ETH to challenge its all-time high (ATH). Such a move could reignite bullish sentiment and attract new buying pressure from investors anticipating further gains. Featured image from Dall-E, chart from TradingView

While Bitcoin has faced strong bullish momentum in recent weeks, achieving new all-time highs consistently for days, Ethereum has been an underperformer, unable to catch up with BTC’s bullish pace. Even compared to other crypto assets (altcoins) in the market, Ethereum has failed to make a major rally that melts faces. Instead, as Bitcoin achieved a peak above $93,000, leading the overall crypto market in a bullish market, Ethereum has only been able to surge to just $3,396 over the same period BTC broke multiple resistances to achieve consistent new highs. Related Reading: Ethereum Price at $3,000: Can Support Prevent Further Losses? So far, ETH remains roughly a 37.5% decrease away from its all-time high of $4,878, seen 3 years ago in November 2021. At the time of writing, the asset faces a correction alongside the rest of the crypto market, including Bitcoin. ETH has declined by 2.3% in the past day, currently trading at $3,023. Why is Ethereum Struggling to Catch Up? The underperformance of Ethereum relative to Bitcoin has caught the attention of market analysts. One key observation comes from a CryptoQuant analyst known as Darkfost, who provided a possible explanation for Ethereum’s price stagnation. According to Darkfost, the taker buy-sell ratio is a crucial metric to consider, particularly on the Binance exchange. This ratio is an indicator of short-term market sentiment, and when it remains below 1, it suggests there is more selling pressure than buying interest. It can also indicate a hesitation among traders to accumulate ETH at current levels, which could contribute to a lagging price performance. Darkfost noted: The taker buy-sell ratio on Binance remains bearish, as it has been below 1 most of the time over the past month. This indicates that traders are more willing to sell than buy ETH, which could explain why ETH is currently underperforming compared to BTC. Is There Still Hope For ETH? Despite Ethereum’s struggle to match Bitcoin’s gains, some analysts remain optimistic about the long-term potential of ETH. For example, a well-known crypto analyst, Kingpin Crypto, expressed a bullish sentiment regarding ETH at its current price levels. In a recent post on X, Kingpin Crypto suggested that ETH trading around the $3,000 mark presents a notable buying opportunity. $ETH – Buy with conviction around the orange line and retire. I know the BTC pair is underwhelming and feels like it will be down only forever. However, I am telling you… Ethereum will make a NEW ATH this cycle. pic.twitter.com/T2r2TDmkb7 — Kingpin Crypto (@Kingpincrypto12) November 15, 2024 Similarly, another crypto analyst, Yoddha, shared an analysis indicating a potentially bullish pattern for Ethereum. According to the chart shared by Yoddha, ETH’s historical price movements often include a phase of retesting followed by a sharp surge in value. Yoddha highlighted that Ethereum may have already completed its retest phase, suggesting that a strong price rally could be on the horizon. Related Reading: Ethereum’s Positive Funding Rates Push Price Near $4K—Are There Any Downsides? The chart labelling “we are here” points out the current position of ETH within this pattern, implying that a significant upward move may soon follow. Featured image created with DALL-E, Chart from TradingView

In a significant development for the Ethereum (ETH) ecosystem, researchers propose redesigning the network’s consensus layer, aiming to enhance scalability, decentralization, and security.  During a presentation at DevCon in Bangkok on Tuesday, Justin Drake, an Ethereum Foundation researcher, introduced the concept of “Beam Chain,” a new consensus layer intended to replace the existing Beacon Chain. The Beam Chain Proposal Drake explained that the Beacon Chain, which has been operational for five years, has become somewhat outdated. “In those five years, so much has happened,” he remarked, highlighting the rapid advancements in blockchain technology and research.  The redesign will reportedly focus exclusively on the consensus layer, leaving the Ethereum Virtual Machine (EVM) and the binary large object (blob) data layer untouched.  Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? In addition, the Beam Chain aims to revamp several critical aspects of Ethereum’s staking mechanism, block production system, and cryptographic architecture. One of the central proposals is to reduce the validator bond from 32 ETH to just 1 ETH, a move intended to foster greater decentralization within the network.  Drake noted that the current issuance model for Proof of Stake (PoS) is perceived as flawed, presenting an opportunity for improvement that could benefit Ethereum’s long-term health. To enhance censorship resistance, the proposal includes mechanisms for attestor-proposer separation, which would further secure the block production process. Additionally, the Beam Chain is designed to improve throughput by accelerating block time slots, ultimately leading to faster transaction confirmations. Plans To Transform Ethereum Future A hallmark of the Beam Chain initiative is its incorporation of zero-knowledge (ZK) consensus, which leverages Succinct Non-interactive Argument of Knowledge (SNARK) proofs.  These cryptographic tools will serve dual purposes: enabling consensus clients to compile high-level languages into bytecode and creating a “hash-based post-quantum infinitely-aggregatable scheme” that can condense thousands of hashes into a single proof.  Recent advancements suggest that users can prove over 2 million hashes per second, indicating that the “SNARKification” of the consensus layer is feasible even on consumer-grade hardware. Drake outlined that if the community supports the proposal, the next steps would involve specification in 2025, development in 2026, and testing in 2027.  The researcher described this strategy as “ossification accelerationism,” aiming to achieve stability and maturity for Ethereum sooner rather than later. “We want Ethereum to go into ‘maintenance mode’ as soon as possible,” he stated. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins The proposal has generated considerable interest within the Ethereum community, with Drake emphasizing the importance of community participation in shaping the future of the consensus layer. He referred to the Beam Chain as his “most ambitious initiative to date,” highlighting the need for collaboration to realize this vision. In an exclusive interview with NewsBTC, Professor Christian Cachin from the University of Bern commended the Beam Chain proposal for its potential to solidify Ethereum’s consensus roadmap.  Cachin noted that while the planned upgrades involve sophisticated and non-backwards-compatible technologies, they are crucial for advancing Ethereum’s scalability and overall capabilities:  As far as I see so far, the proposal makes the existing Ethereum consensus roadmap concrete, it takes the next steps toward more powerful and more scalable consensus of Ethereum. At the time of writing, ETH was trading at $3,227, up 22% for the week. Featured image from DALL-E, chart from TradingView.com

Ethereum (ETH) appears to be finally waking from its slumber, surging nearly 37% in the past week following Bitcoin’s (BTC) all-time-high (ATH) rally. Spot Ethereum ETFs Record Daily Inflows Ethereum, the second-largest cryptocurrency with a market cap of approximately $404 billion, is now gaining ground on BTC, with the platform’s ETH token jumping more than 35% over the past week. Related Reading: Ethereum Could Be Set To Explore New Highs As On-Chain Metrics Light Up While the broader digital assets market has been buoyed by Donald Trump’s victory in the 2024 US presidential election, additional factors may also be driving the recent industry boom, especially for ETH. A key data point is the substantial inflow of funds into spot ETH ETFs. On November 11, US-based spot ETH ETFs attracted a record $295 million in daily inflows, the highest amount to date. In comparison, the previous peak for daily inflows into spot ETH ETFs was $106 million, recorded on the first day these ETFs launched in July 2024. According to data from SoSoValue, the record inflows were led by Fidelity’s FETH ETF, which drew in $115.48 million.  BlackRock’s ETHA followed with $101.11 million, Grayscale’s ETH with $63.32 million, and Bitwise’s ETHW with $15.57 million. At the time of writing, the total value of net assets held across various spot ETH ETFs stands at $9.72 billion, representing just over 2.41% of Ethereum’s total market cap. Meanwhile, cumulative net outflows from all spot ETH ETFs amount to $41.30 million. ETH Price Action And Resurgence In DeFi Renewed interest from institutional investors in Ethereum ETFs amid record daily inflows appears to be contributing positively to ETH’s price action. Related Reading: Survey Finds Almost 70% Of Ethereum Institutional Investors Engaged In ETH Staking Throughout much of 2024, ETH lagged in price performance among major cryptocurrencies such as BTC and Solana (SOL). However, Q4 2024 holds potential for a dramatic turnaround in ETH’s momentum. Analysis shared by Leon Waidmann, Head of Research at Onchain Foundation indicates that ETH staking levels are at an ATH, while the token’s reserves on crypto exchanges is heading toward record lows.  This combination of record-high staking levels and reduced supply on exchanges suggests a potential supply squeeze, which could trigger a parabolic rally for ETH. Additionally, the ETH/BTC ratio seems to be recovering after prolonged losses, with the trading pair rising from 0.034 to 0.040 before dipping to 0.037 at the time of writing. The next major resistance for this pair lies around 0.040, and a successful breakout from this level could lead to more gains for ETH over BTC. At press time, ETH sits about 32% below its ATH value of $4,878 recorded in November 2021. Further, Ethereum’s decentralized finance (DeFi) activity seems to be picking steam. Data from DefiLlama shows that the total value locked (TVL) across Ethereum-based DeFi protocols currently sits at $62.36 billion, up from about $24 billion in November 2023. Over half of this TVL is tied to the ETH staking platform Lido, which holds close to $33 billion. Lido is followed by the DeFi lending protocol Aave with $15.21 billion and EigenLayer with $14.57 billion. That said, concerns remain regarding ETH’s “ultrasound money” narrative due to the token’s high issuance rate. At press time, ETH trades at $3,291, up 3.1% in the past 24 hours. Featured image from Unsplash, Charts from X.com, DefiLlama.com, and TradingView.com

Justin Drake, a researcher at the Ethereum Foundation, announced a new consensus layer upgrade proposal called “Beam Chain” during Devcon on Tuesday. The ambitious project aims to overhaul Ethereum’s consensus mechanism by 2030. What Is The Ethereum Beam Chain? “The Beam Chain is a complete redesign of Ethereum’s consensus layer,” explained Porter, a prominent figure […]

Ethereum has staged an impressive 35% rally since last Tuesday, marking a bullish breakout as it tests crucial supply levels for the first time since late July. Investor sentiment is increasingly optimistic, driven by a surge in Ethereum’s on-chain activity.  Key data from IntoTheBlock reveals that transaction volume on Ethereum’s mainnet has reached its highest levels since July, a bullish signal highlighting renewed interest and activity in the network. This surge in volume is often seen as confirmation of a breakout, aligning with expectations from investors who have anticipated a strong rally toward Ethereum’s yearly highs.  Related Reading: Avalanche Nears Breakout – Top Analyst Sets $420 Target For AVAX This Cycle With momentum building, ETH now stands at a pivotal point: if it can maintain strength above these new levels, the stage may be set for further upside as the broader crypto market rallies alongside Bitcoin.  The next few days will be crucial for Ethereum as traders watch to see if the bullish sentiment can sustain and propel ETH higher into new price territory. Ethereum Bullish Trend Begins Ethereum has entered a new bullish phase after eight months of consistent selling pressure and significant accumulation by smart money. Following a long period of subdued price action, ETH is finally rising, signaling a trend reversal many analysts and investors eagerly awaited.  Data shared by IntoTheBlock on X shows that Ethereum’s mainnet transaction volume has surged significantly, with nearly $60 billion settled over the past week—the highest level since July. This spike in volume is a clear indicator of renewed market interest, and it suggests that more investors are actively trading and accumulating ETH.  When transaction volumes rise alongside price increases, it often signals healthy demand and strong market confidence, supporting the likelihood of a sustained bullish trend. Related Reading: Cardano Skyrockets Over 40% – Funding Rate Suggests Further Upside The next few months are expected to be volatile as speculative interest and trading activity heat up, with many traders positioning for substantial gains. Despite the anticipated price swings, analysts agree that Ethereum’s next major target is its yearly high of $4,000. Breaking this level would confirm Ethereum’s bullish momentum and set the stage for potential new all-time highs, aligning with the broader market’s optimism. ETH Consolidates Above $3,000  Ethereum is trading at $3,180, following a recent push to a local high of $3,250. After a strong weekend rally, the price paused, hinting at the need for consolidation before another potential breakout. This period of sideways movement could be essential for ETH to establish support and prepare for further upside, as it allows buyers to gather momentum while absorbing any short-term selling pressure. Key technical levels show that bullish sentiment is likely to strengthen if ETH maintains its position above $2,950, aligned with the 200-day moving average (MA). Holding this critical support level would signal buyers remain in control, setting up ETH for a potential rally toward $3,500 soon.  However, it’s also possible that ETH could take a few days to build up the momentum needed for its next substantial move as investors assess the recent rally and consider upcoming catalysts. Related Reading: Bitcoin ETFs See Historic Surge – Institutions Go Bullish On BTC With $1.38 Billion Record Inflows In the meantime, the market appears optimistic, with analysts noting that maintaining levels above the 200-day MA is crucial for confirming the long-term bullish trend. ETH’s consolidation phase could be the foundation for continuing its upward trajectory. Featured image from Dall-E, chart from TradingView

Ethereum has reached a new local high at $3,219, marking an impressive 35% surge since last Monday. This rapid rise has ignited strong optimism among analysts and investors, who now see Ethereum as primed for further gains as it begins to show strength against Bitcoin. The rally reflects renewed confidence in ETH’s potential, especially as major stakeholders increase their activity. Related Reading: Cardano Skyrockets Over 40% – Funding Rate Suggests Further Upside Key data from Santiment supports this bullish outlook, highlighting a significant spike in whale transactions. Increased activity among large ETH holders often signals accumulation, suggesting that influential players see the potential for Ethereum’s continued growth. This uptick in whale transactions is typically seen as a precursor to further price appreciation, as it indicates sustained interest from high-volume investors. As ETH continues to rise, analysts are closely watching its performance against Bitcoin, noting that Ethereum’s recent momentum could indicate the beginning of a more sustained uptrend.  Ethereum Bull Phase Starting Ethereum has officially entered a bullish phase after decisively breaking key resistance levels and establishing a positive price structure. Recent data from Santiment confirms this upward trend, as Ethereum is now showing strong growth metrics that suggest further gains may lie ahead.  Whale transaction data points to a significant increase in activity from major stakeholders—wallets holding substantial amounts of ETH—who have actively contributed to Ethereum reaching its highest price in over 14 weeks. In addition to heightened whale activity, Ethereum’s transaction volume has surged, reaching as much as $10.4 billion over the past several days. This volume spike is an encouraging sign of rising demand and sustained interest in ETH at its current levels. Large transactions often signal confidence from institutional players and high-net-worth investors, reinforcing the bullish sentiment around Ethereum as they increase their holdings. Related Reading: Chainlink Hits $13.5 For The First Time Since July – Smart Money Accumulation? Santiment analysts suggest that Bitcoin’s performance during this bull run could serve as a catalyst for Ethereum, with profits likely redistributing from BTC to ETH as market participants diversify into top altcoins. This dynamic has historically benefited Ethereum during strong market cycles, potentially setting the stage for ETH to revisit its previous all-time high. Additionally, Ethereum’s network activity appears robust, another key indicator of sustained growth potential. With increased stakeholder participation, high transaction volume, and a healthy network, Ethereum seems well-positioned for continued upward momentum in the current bullish environment. ETH Testing Fresh Supply Ethereum (ETH) is currently trading at $3,170, showing strength after an aggressive move above the 200-day moving average (MA) at $2,955. This breakout above a long-term resistance level signals that bulls are now firmly in control as ETH reaches new supply zones. Holding above the 200-day MA is a positive indicator for sustaining the bullish trend, as this level often supports price action when breached on an upward move. If ETH experiences a pullback, a drop back to the 200-day MA around $2,955 would represent a healthy retracement, potentially setting the stage for further gains. A consolidation at or near this level would likely attract more demand, supporting a continuation of the uptrend. Related Reading: Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH – Time To Buy Altcoins? However, the current strong price action combined with fresh demand entering the market could propel Ethereum even higher without a significant pullback. The momentum ETH is building now may help it break through successive supply levels in the near term, pushing toward higher targets. For now, Ethereum’s upward trajectory is supported by solid technical levels and a market environment increasingly favorable for continued gains. Featured image from Dall-E, chart from TradingView

The strong performance of Ethereum in recent days has caught the attention of experts. In several posts on X, prominent fund managers and industry leaders have projected a bullish outlook for Ethereum (ETH), positioning it to outperform Bitcoin (BTC) with a target price of $8,000. This optimism is underpinned by anticipated regulatory advancements for the decentralized finance (DeFi) ecosystem. Why Ethereum Could Outperform Bitcoin Raoul Pal, Founder and CEO of Global Macro Investor, articulated his perspective on ETH’s potential resurgence in a post that has garnered significant attention within the crypto community. “I’ve been expecting ETH to start gaining lost ground on BTC. It’s partly driven by the risk-taking cycle but it’s also driven by the election,” Pal stated. Pal highlighted two primary factors contributing to ETH’s anticipated outperformance. The first one is the enhanced utility in DeFi: “Utility tokens in DeFi begin to offer yield or reward of underlying protocol which creates network value. Most of this is on ETH,” Pal explained. Related Reading: Ethereum Jumps 10% As DeFi Sentiment Rebounds With Trump’s Victory The second factor is the adoption by Traditional Finance (TradFi). “TradFi will likely begin to build larger use cases but on the most tested, adopted chain. Think of ETH (and the L2’s) as the Microsoft of web3. No one gets fired for using it,” Pal asserted. These developments, according to Pal, are poised to “dramatically re-rate ETH and offset the current retail adoption on other chains,” with the added advantage that ETH yields will attract more institutional players. He emphasized the potential for constructing sophisticated financial products, such as guaranteed funds, under improved regulatory conditions. “With better regs this activity will explode,” Pal concluded. Supporting Pal’s outlook, Dan Tapiero, founder and CEO of 10T Holdings—a growth equity fund specializing in mid-to-late stage investments within the digital asset ecosystem—commented on Pal’s post: “Yup. More eloquent version of what I posted last night. Very funny.” Tapiero referenced his own earlier assertion that “Ethereum too cheap. Gonna explode from here. Gensler and Co killed Defi in the US in ’22-24. Not killed now. Long Live US Defi. Break of $4k going over $8k in the next year.” Related Reading: Ethereum Surges Past $2,500: What The Futures Market Signals For Traders However, Pal also noted a hierarchical adoption landscape within the crypto space, suggesting that while ETH may outpace BTC, it might underperform Solana (SOL) and, subsequently, Sui (SUI). “My view is that ETH begins to outpace BTC for the rest of the cycle but underperforms SOL and SOL underperforms SUI as SUI is in the ultimate performance stage of adoption – early > proven. Let’s see,” he remarked. The discourse around Ethereum’s prospects also attracted engagement from the broader crypto community. A user named Himura (@aceddeca1) proposed an alternative investment thesis: “ETH will be fine but if that is your thesis it would be better spent on UNI especially with Unichain … Uniswap going to own chain is the base token you wish Coinbase would launch.” Pal responded succinctly, “Interesting thought.” Additionally, concerns regarding potential biases were raised by user Galavis (@FedericoGalavis): “Be careful with SUI folks as only 0.82% of the supply has been unlocked. Are you a paid SUI promoter Raoul? If you are you better disclose.” Pal countered, “You need to do more research on all your comments,” addressing the speculation over his impartiality. Notably, Pal serves as a Board Member at the Sui Foundation, a fact that may inform perceptions of his commentary on SUI. At press time, ETH traded at $2,916. Featured image created with DALL.E, chart from TradingView.com

Ethereum has finally surged after breaking through a critical resistance level that had kept the price subdued since early August. This move has shifted market sentiment, as many investors and analysts previously doubted ETH’s potential in the current cycle, expecting it to lag behind. However, Ethereum’s recent strength is starting to reshape these perspectives. Prominent analyst and investor Ali Martinez recently shared insights indicating that while Ethereum’s momentum is building, the much-anticipated “Altseason” hasn’t arrived just yet.  Related Reading: Solana Breaks Above Key Resistance – Top Analyst Sets $300 Target According to Martinez, this stage of the cycle typically sees Bitcoin outperforming Ethereum and other altcoins—a common pattern as BTC often leads market rallies. This dynamic could provide a strategic opportunity for investors looking to enter ETH and other altcoins before the broader market euphoria begins. As Ethereum gains traction, market participants are keeping an eye on further confirmations of its breakout, with many speculating that once Bitcoin’s lead cools, capital may flow more aggressively into altcoins.  Ethereum Waking Up Ethereum is making a remarkable comeback, surging over 22% in just two days of strong upward momentum. While this performance is impressive, key data highlights that Bitcoin is still leading the market, slightly overshadowing Ethereum’s gains. For savvy investors, this could present a prime opportunity to start accumulating Ethereum and select altcoins before they potentially rally in the next phase of the cycle. Ali Martinez, a prominent analyst, recently shared a Glassnode chart revealing insights on the “Bitcoin Altseason Indicator.” This tool compares net capital flows between Bitcoin and Ethereum, showing that while Ethereum is on the rise, Bitcoin’s net capital change is currently outpacing it.  This trend confirms that Altseason—where altcoins outperform Bitcoin—hasn’t begun yet. Martinez points out that such dynamics are typical for this stage, with Bitcoin usually leading the initial rally and Ethereum following shortly after. Related Reading: Bitcoin Indicator Signals Equilibrium After Trump Victory – A Clear Path To New Highs? Historically, Altseason often arrives once Bitcoin’s price momentum stabilizes, as capital flows from Bitcoin into high-potential altcoins. Many seasoned investors recognize this part of the cycle as an ideal time to accumulate ETH and strong altcoins at attractive prices before the broader market shifts its focus. In the coming weeks, the relationship between BTC and ETH performance will be closely watched, potentially setting up a shift in market sentiment and capital distribution. ETH Technical View Ethereum recently surged past a critical resistance at $2,820, breaking above the 200-day exponential moving average (EMA) and touching the 200-day moving average (MA) at $2,955. This marks a significant bullish move, as ETH had been trading below these levels since early August, and reclaiming these indicators is seen as a positive signal for further gains. For the bullish momentum to continue, ETH must break above and sustain itself above the daily MA at $2,955, solidifying this breakout as a foundation for the next phase of the uptrend. However, some analysts suggest that a period of consolidation just below the 200 MA could be beneficial, allowing ETH to gather strength for a more sustained rally. This pause could temper the rising euphoria and avoid overextension in the short term. Related Reading: Ethereum Analyst Shares Correlation With S&P500 – Last Dip Before It Hits $10,000? As the market sentiment turns increasingly optimistic, many investors are eyeing this level closely. Holding above these critical indicators would give bulls more control, potentially setting Ethereum up for a more robust recovery as it targets new highs. Featured image from Dall-E, chart from TradingView