Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Ethereum Breaking $3,100 Is ‘Just the Beginning’ of Journey to $10,000: Analyst
TRADING NEWS

Ethereum Breaking $3,100 Is ‘Just the Beginning’ of Journey to $10,000: Analyst

By Crypto FlexsNovember 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Breaking ,100 Is ‘Just the Beginning’ of Journey to ,000: Analyst
Share
Facebook Twitter LinkedIn Pinterest Email

Analysts believe Ethereum is likely to hit a new all-time high by December after achieving its first breakout in three months.

This growth is due to increased optimism about cryptocurrencies following the results of the recent general election.


Ethereum breaks the $3,000 barrier

Data shows that Ethereum has experienced a large price increase, which analysts say could be a result of Donald Trump’s victory in the US election.

The second-largest cryptocurrency by market capitalization peaked at $3,179 midday on Sunday, allowing it to breach the “important” $2,000 level, analysts said.

The rise in the price of Ethereum is seen as an indicator that the digital currency is gaining momentum and may be on the road to recovery after a period of stagnation, which is good news for ETH investors.

Many analysts have suggested that this growth is related to the incoming Trump administration. During the campaign, Trump had already hinted that he would be willing to impose more favorable regulations on cryptocurrencies. Therefore, his victory signaled great optimism about the future of cryptocurrency under his leadership.

Ethereum is one of the digital currencies riding this optimism, with its price rising 20% ​​in the past week.

Analysts also point out that another major contributor to the bullish momentum is the significant increase in spot Ether ETF inflows. Data from November 8 showed inflows hit a weekly high of $85.9 million, an indicator that investors are increasingly confident in Ethereum’s long-term potential.

The highest record ever is possible

Market commentators said many indicators showed that a new all-time high for Ethereum could be just around the corner, with some saying it could soon reach $3,366. They added that ETH increased by 8% last Thursday.

Analysts have predicted that rising demand for top altcoins could push the cryptocurrency to new all-time highs by December. One of these growth indicators is the coin’s open interest, which is also increasing.

#Ethereum $ETH $3,000 today is just the beginning! https://t.co/gpAfqbe2v5

— Ali (@ali_charts) November 9, 2024

According to the report, ETH futures open interest (OI) has seen a huge rise. Over the past two days, it has increased by about 20% from $13.05 billion to $16.18 billion.

Analysts explained that OI refers to the total number of outstanding contracts in the derivatives market. They added that if OI rises with the price, it means new funds are entering the market to fuel the upward trend.

If Ethereum’s OI continues to grow, it could lead to a massive price surge that could see the digital coin reach new record highs before the end of the year.

Expected to be $10,000

Analyst Ali Martinez predicted that Ethereum is likely to reach the $10,000 level. He said crossing the $3,000 mark is just the beginning of an upward price movement.

Martinez argued that ETH is on the right track to hit the $10,000 level, comparing the cryptocurrency to the S&P 500.

Standard Chartered’s Geoffrey Kendrick agrees with the prediction, saying ETH could soon reach that level.

Kendrick explained that expectations of clearer cryptocurrency regulation from the new government and being perceived as a cryptocurrency-friendly government could fuel this massive growth.

Featured image by OneSafe, chart by TradingView

Source: NewsBTC.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Do not invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

so:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025

On the 7th, NFT transaction sales volume of immutable tower

June 24, 2025

Bitcoin will protrude again, and Arthur Hayes says after dip to less than $ 100K.

June 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Gelato And Morpho Partner To Offer Embedded Crypto-Backed Loans For Wallets, Brokers, And Fintech Apps

June 25, 2025

Magic Newton Foundation Redefines Fair Token Launches With $NEWT

June 25, 2025

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025

AIXA Miner 2025 | AI-Driven Dogecoin Cloud Mining For Stable Daily Passive Income

June 24, 2025

Stably Introduces Stablecoin Development & Advisory Services For Institutions & Enterprises

June 24, 2025

Senior Trader Uses XRP To Start Bitcoin (BTC) Mining Machine, Earning $8,857 A Day

June 24, 2025

WF Holding Ltd Announces Entry Into The Digital Cryptocurrency Field

June 24, 2025

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

On the 7th, NFT transaction sales volume of immutable tower

June 24, 2025

Sequans starts $ 384M Bitcoin Treasury Initiative with Swan Bitcoin Partnership.

June 23, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Gelato And Morpho Partner To Offer Embedded Crypto-Backed Loans For Wallets, Brokers, And Fintech Apps

June 25, 2025

Magic Newton Foundation Redefines Fair Token Launches With $NEWT

June 25, 2025

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025
Most Popular

History of Polkadot: DOT Connection

January 1, 2025

LINK If you can maintain one critical level, your eye recovery is priced.

April 18, 2024

Coinbase beat fourth-quarter expectations, with trading revenue rising to $529 million.

February 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.