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»EXCHANGE NEWS»Exploring the possibility of a new peak for Ethereum in 2024
EXCHANGE NEWS

Exploring the possibility of a new peak for Ethereum in 2024

By Crypto FlexsDecember 1, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Exploring the possibility of a new peak for Ethereum in 2024
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum (ETH), the world’s second largest cryptocurrency, is showing strong momentum as its price rises again, regaining levels above $2,000.

This bullish trend is gaining traction coinciding with significant developments from the U.S. Securities and Exchange Commission (SEC). Regulators are engaged in discussions regarding the potential approval of a spot Ethereum exchange-traded fund (ETF).

This pivotal development has injected optimism into the Ethereum market as the prospect of ETFs opens new possibilities for mainstream adoption and investment, further fueling the current upward trajectory of Ether’s value.

Ethereum’s Ascending Triangle: Potential for a Bullish Breakout

For several months, the price of Ethereum has been in a consolidation trend forming an ascending triangle. The technical composition is bullish in nature, but only after a profitable breakout.

A trend line connects the same highs and higher lows in an ascending triangle configuration. This arrangement indicates that investors are becoming more confident and buying dips at a faster rate.

ETHUSD currently trading at $2,066 on the daily chart: TradingView.com

Interestingly, today’s chart shows that there are no “drops” to buy as Ethereum breaks the vaunted $2,000 level and heads into December on a high.

Ethereum is not only catching up, but is rising to unprecedented heights. The price of ETH is currently up 3% to $2,100, with investors and enthusiasts excited about the possibility of a rise above $3,000.

Ether’s impressive success against Bitcoin is a key indicator of this, with it outperforming the alpha cryptocurrency by almost 5%. Significant on-chain signals suggest that ETH may continue to outperform BTC this month.

Fidelity Filing Promotes Ethereum Optimism

The first sign of a bullish move was a break above the psychological $2,000 barrier, but there was a lot of seesawing around this level. More specifically, ETH is trading between the weekly support level of $1,930 and the Q2 high of $2,140. This has been going on for four weeks in a row.

#Ethereum Fidelity’s Spot ETF Report!

Check my thesis. #Bitcoin Once it shines, we will see Ethereum soar to $3,500 in the first quarter of 2024.

— Michael van de Poppe (@CryptoMichNL) November 30, 2023

Crypto analyst Michael van de Poppe expressed optimism about Ethereum in light of the Fidelity filing. With this submission, he affirmed his belief that Ethereum can hit $3,500 during the first quarter of 2024, following Bitcoin’s meteoric rise.

Source: Santiment

In a related development, research shows a significant increase in Ethereum whale accumulation. On-chain data indicates that the largest Ethereum wallets are showing positive patterns that suggest major changes, according to Santiment.

ETH Price Volatility Trends vs. Bitcoin. Source: IntoTheBlock

Meanwhile, Ethereum has posted an impressive 30-day average intraday volatility score of 0.45%, surpassing Bitcoin’s 0.32%, according to a recent study by IntoTheBlock.

These changes in volatility dynamics may require changes in investment strategies as well, which will highlight the dynamic outlook of the Ethereum market.

(The content of this site should not be construed as investment advice. Investing involves risk. When you invest, your capital is at risk.)

Featured image from Freepik

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) will be capped under the resistance -will buyers regain control?

June 2, 2025

Ether Leeum price is faced with light correction -focus of support level

June 1, 2025

Bitcoin prices extend losses. Is it a bigger disadvantage on the horizon?

May 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin vs Altcoins-Check for the new ALT season.

June 2, 2025

NVIDIA improves everything by acceleration of RTX AI PC.

June 2, 2025

SPX, DXY, BTC, ETH, XRP, BNB, SOL, Doge, ADA, Hype

June 2, 2025

Electrum testnet wallets do not display the trading record for the address.

June 2, 2025

BNB AI Hackathon promotes innovative projects to higher classes

June 2, 2025

It is so easy to be a millionaire! Winner Mining helps to become rich in 2025

June 2, 2025

Can Ether Lee’s signal with a major candlestick pattern?

June 2, 2025

Stellar (XLM) Soroban Audit Bank Smart Contract Security Improvement

June 2, 2025

Flux.1 KONTEXT: Edit Image Editing as a Multimodal Model

June 2, 2025

Genzio podcast | Vault12 encryption inheritance and asset management | Toronto

June 2, 2025

TRON (TRX) sets a new record for monthly transmission in May.

June 2, 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

Bitcoin vs Altcoins-Check for the new ALT season.

June 2, 2025

NVIDIA improves everything by acceleration of RTX AI PC.

June 2, 2025

SPX, DXY, BTC, ETH, XRP, BNB, SOL, Doge, ADA, Hype

June 2, 2025
Most Popular

Catalyst or controversy in the cryptocurrency world?

December 9, 2023

Bitcoin halving interest has doubled since 2020.

April 12, 2024

What is InstructGPT and its main differences from ChatGPT

January 10, 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.