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

The world’s best cloud platform: BCC Mining can easily earn $ 77,000 a day.

June 3, 2025

OTC encryption transaction | Careful gateway to direct digital asset exchange

June 3, 2025

Solana Price prediction: ETF Hype vs. Risk of unlocked -Is it a drop of $ 130 on the horizon?

June 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Analyst says Solana blinks a very promising optimistic setting and predicts the rally for two lowlands Altcoin.

June 4, 2025

Development of Ether Leeum: PECTRA, Fusaka and Glamsterdam

June 4, 2025

The reason why Flock token surpasses the encryption market with three digits

June 4, 2025

With the new record height, gold climbing goes well with the price of Bitcoin.

June 4, 2025

Trump’s son confirms that the team launches a password wallet and refuses to link to the circulating website.

June 4, 2025

Will the price of TRX follow the rise in the network of TRON?

June 4, 2025

Telegram reveals direct messaging on channel and HD photo sharing.

June 4, 2025

How to analyze the market moves like a pros

June 4, 2025

Introduction to Krakeen Prime, a full -service prime brokerage for customer creepto customers

June 4, 2025

The Mara report recorded Bitcoin mining performance in May 2025.

June 4, 2025

In 2025, the Cryptocurrency holders earned $ 45,700 for seven days, revealing the secrets of the big profits of cloud mining.

June 4, 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

Analyst says Solana blinks a very promising optimistic setting and predicts the rally for two lowlands Altcoin.

June 4, 2025

Development of Ether Leeum: PECTRA, Fusaka and Glamsterdam

June 4, 2025

The reason why Flock token surpasses the encryption market with three digits

June 4, 2025
Most Popular

European Union unveils global benchmarks for AI regulation

February 3, 2024

Ethereum rivals surged more than 40% in a week as the total value of cryptocurrency projects hit an all-time high.

January 13, 2024

Donald Trump promises to defend Bitcoin mining in DC

June 12, 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.