Can ETH Price Hit $4K in the Short-term?
Can Ethereum Outperform Bitcoin in 2024?
Hey, Crypto Enthusiasts!
Can Ethereum hit $4K? Uncover expert insights, Ethereum price predictions, and trends. Stay ahead—subscribe for daily updates and exclusive ETH coin news. Your winning move awaits!
Ethereum Price Today: $3,384.56
Ethereum price (ETHUSD) is fluctuating around $3,360.00 after a strong bullish rally (source: Coinpedia Markets).
Next key resistance is $3,440.00, with the potential to rally towards $3,600.00 if breached.
If ETH price maintains bullish momentum, holding support above $3,185.00 will be essential for sustaining its upward trajectory.
Ethereum Price Prediction: Short-Term Forecast
ETH price has shown a 24-hour increase of 0.2% but dipped 2.7% over the past week.
Monthly gains stand at 17.76%, while year-to-date growth is 38%, reflecting solid resilience in the market.
Retail ETH Investors Not Selling
Low inflows to exchanges like Binance and OKX signal reduced selling pressure from retail investors.
The Spent Output Profit Ratio (SOPR) remains below 1.10, indicating most transactions are happening near breakeven levels.
Strong investor confidence is boosting long-term Ethereum prediction optimism.
Can Ethereum Price Reach $4K?
Analyst Onatt believes ETH could reach $4,000 if it stays above $2,800.
CryptoQuant CEO Ki Young Ju remains cautious, citing:
Ethereum’s underperformance against Bitcoin.
Challenges posed by a heavily leveraged ecosystem.
The need for revenue generation from Web3 apps and stablecoin adoption.
Ethereum Price Prediction: Long-Term Outlook
Despite market volatility, Ethereum remains a strong contender for growth.
Investors are optimistic about future milestones, including Ethereum price prediction 2024 and Ethereum price prediction 2025.
Key updates and developments in ETH coin will shape its trajectory toward an eth all-time high.