Topic: Ethereum price approaches $3k (Read 942 times)
The approval of ETF has made a good impact in the cryptocurrency market, where Bitcoin has made ATH in the market that other alt-coins follows, as Ethereum is second in the cryptocurrency market listed and has break out from 3k and strongly approach on 4k, which is Bitcoin halving has not take place, but faster approaching for a new level of Bitcoin and other alt-coins price increase in the ecosystem.
https://cryptoslate.com/ethereum-price-approaches-3k-amidst-spot-etf-anticipation-dencun-upgrade
Analysts of Bernstein believes a spot ETH ETF is a near certainty within one year.
The price of Ethereum (ETH) approached $3,000 on February.19 amidst anticipation concerning development that are expected to occur in the coming months. The Ethereum is ranked #2 (no: 2) by market cap and the price is up to 2.69% over the past 24 hours. Ethereum has a market capitalization of $356.82 billion with a 24 hours trading volume of 15.44 billion dollars.
Analysts at the company predicted a 50% chance that a spot Ethereum ETF will be approved by MAY and a near-certain chance that such a fund will be approved within one year. This is a very good increase in the crypto world as another trading market will be approved soon and the awaited miners of this Ethereum will finally benefit from another crypto currency, especially now that dollar has a very high value in the trading market.
Analysts of Bernstein believes a spot ETH ETF is a near certainty within one year.
The price of Ethereum (ETH) approached $3,000 on February.19 amidst anticipation concerning development that are expected to occur in the coming months. The Ethereum is ranked #2 (no: 2) by market cap and the price is up to 2.69% over the past 24 hours. Ethereum has a market capitalization of $356.82 billion with a 24 hours trading volume of 15.44 billion dollars.
Analysts at the company predicted a 50% chance that a spot Ethereum ETF will be approved by MAY and a near-certain chance that such a fund will be approved within one year. This is a very good increase in the crypto world as another trading market will be approved soon and the awaited miners of this Ethereum will finally benefit from another crypto currency, especially now that dollar has a very high value in the trading market.
In the crypto space there is a lot of analysis that is sometimes unbelievable, but anything can happen at some time, and we have been repeatedly shown by bull markets that are beyond anyone's expectations. and even if an ETF is approved it doesn't mean it has 100% accuracy that the price of ethereum will increase. but we still have to be alert, if it really increases then be ready to take advantage of the opportunity to benefit from it.
This would have been a good thing if the transaction fee is not out of proportion as the price of eth appreciate. No matter how good or sophisticated eth might be the simple fact that the fee is way higher than normal makes it unattractive to me. All attempt to scale eth has not really given any positive result. Unfortunately most l2 project will always use eth as base currency for interaction even if they will later introduce bridge to their network. If you are holding eth, it is good news seeing the price going up, but if you are to use it as trx fees then it will no longer be funny anymore. 
If only eth can appreciate in price and still maintain a low trx fee, it would have been better.
If only eth can appreciate in price and still maintain a low trx fee, it would have been better.
Tell that to ETH developers who now made the cryptocurrency a "scarce commodity". Supply is getting slashed each time fees are burnt on the network. This makes ETH a deflationary asset just like BTC and Gold. Terrible for a Blockchain that's meant to be used for decentralized applications. If Vitalik really wanted ETH to be used more throughly, it would've kept the inflationary mechanism so fees stay low in Fiat terms.
Now developers are forcing us to move to L2 networks which are less secure and decentralized as the parent chain. ETC and KAS are much better choices in my opinion. They're truly-decentralized, cheap, and fast to use. ETH is now "Wall Street's coin", so expect the worse in the long run. Despite the drawbacks, they won't stop ETH from reaching new ATHs over time. Just remember to never invest more than what you can't afford to lose, and there should be nothing to worry about.
The cryptocurrency market has been recovered full and ready for Bull Run market to start, as long Bitcoin is moving uptrend, Ethereum is second in the cryptocurrency market to show up. Therefore, Ethereum price will be more than current price after the Bitcoin halving has been taken place.
I think it's still not completely ready because I find many altcoin prices are stable and even tend to fall. Maybe this is because currently most people are still focused on Bitcoin, so only a few altcoins have seen their prices rise as significantly as Bitcoin. maybe an altcoin season will happen after the bitcoin halving. Today Ethereum crossed the $3600 price mark. Yesterday Bitcoin broke the $65k mark and went to above $68k. So officially the bull run has already begun and in a few days both these coins with break their earlier ATH. I don't know where will the price of Ethereum be if its spot ETF gets approved and if Bitcoin keeps on going like it has been doing for the last couple of months.
ETH now is on a 3.6k mark and almost 3.7 maybe in the end of the week it will reach 3.7 or more cause earlier Bitcoin reach the 68k mark which pretty good enough but at this time Bitcoin price is around 66k but for sure it will increase in the next day or in the next week. Hoping that Bitcoin will reach 70k in this month. For sure many investors got their big profits today.Anyways maybe it's notal late to buy BTC cause for sure it will go up higher and higher.
Of course there won't be any bad news at the moment, even the two American presidential candidates are pro Bitcoin, I think they already know the potential of Bitcoin and crypto so they are trying to get votes from that sector, such as deciding what policies they will provide when elected. Later.
This would have been a good thing if the transaction fee is not out of proportion as the price of eth appreciate. No matter how good or sophisticated eth might be the simple fact that the fee is way higher than normal makes it unattractive to me. All attempt to scale eth has not really given any positive result. Unfortunately most l2 project will always use eth as base currency for interaction even if they will later introduce bridge to their network. If you are holding eth, it is good news seeing the price going up, but if you are to use it as trx fees then it will no longer be funny anymore.
If only eth can appreciate in price and still maintain a low trx fee, it would have been better.
If only eth can appreciate in price and still maintain a low trx fee, it would have been better.
It seems like it will take two years before ETH returns to such a price in the market. I think the reason why Ethereum rallied today is because it has an upcoming ETH spot ETF this coming month of May 2024.
And maybe the positive news about ETH in this field of crypto space has brought it, so it is not surprising that it is called the queen of cryptocurrency. And it is possible for this ETH to reach 4000$ ATH this coming bull run in the altcoins season for sure.
Bitcoin almost reach previous ATH recently so market bull run is already start. ETH price today reach 3.7k and it has high possibility to reacj $4k soon. ETH is top 2 coin on coinmarketcap and they have highest marketcap after bitcoin. so ETH is much potential like bitcoin and it has high possibility to reach $10k in the future so if someone have the ability to invest on ETH for long run then they can take this advantage. i am not guaranteed this prediction but i believe And maybe the positive news about ETH in this field of crypto space has brought it, so it is not surprising that it is called the queen of cryptocurrency. And it is possible for this ETH to reach 4000$ ATH this coming bull run in the altcoins season for sure.
Reaching near that 3.5k level shows that while ETH is also getting a good bull run, it doesn't mean that it's going great, it still has to have something more than this. I believe that there will be a point in time when we are going to end up with something that will take some time. I personally believe that we are going to end up with some trouble if we are not careful and that's the most important part.
I believe that the best thing to do in this case is to let ETH stay in your wallet, but keep on getting more of it whenever you have the money for it since it's obvious that it will grow even higher. Many think that it already did, but unfortunately it hasn't reached the full potential just yet and it will grow so much more.
I believe that the best thing to do in this case is to let ETH stay in your wallet, but keep on getting more of it whenever you have the money for it since it's obvious that it will grow even higher. Many think that it already did, but unfortunately it hasn't reached the full potential just yet and it will grow so much more.
It seems like it will take two years before ETH returns to such a price in the market. I think the reason why Ethereum rallied today is because it has an upcoming ETH spot ETF this coming month of May 2024.
And maybe the positive news about ETH in this field of crypto space has brought it, so it is not surprising that it is called the queen of cryptocurrency. And it is possible for this ETH to reach 4000$ ATH this coming bull run in the altcoins season for sure.
Bitcoin almost reach previous ATH recently so market bull run is already start. ETH price today reach 3.7k and it has high possibility to reacj $4k soon. ETH is top 2 coin on coinmarketcap and they have highest marketcap after bitcoin. so ETH is much potential like bitcoin and it has high possibility to reach $10k in the future so if someone have the ability to invest on ETH for long run then they can take this advantage. i am not guaranteed this prediction but i believe And maybe the positive news about ETH in this field of crypto space has brought it, so it is not surprising that it is called the queen of cryptocurrency. And it is possible for this ETH to reach 4000$ ATH this coming bull run in the altcoins season for sure.
1. Ethereum's price is steadily climbing, inching closer to the $3,000 mark.
2. Investors are closely monitoring the upward trajectory of Ethereum's value.
3. Market demand for Ethereum continues to surge, propelling its price upward.
4. Speculation and optimism surrounding Ethereum's future applications contribute to its bullish momentum.
5. As institutional interest grows, Ethereum's price gains additional momentum.
6. The $3,000 milestone represents a significant psychological barrier for Ethereum traders and enthusiasts.
7. Factors such as network upgrades and increased adoption fuel Ethereum's price ascent.
8. Analysts predict further gains as Ethereum solidifies its position in the digital asset space.
9. Volatility remains a factor, but overall sentiment remains bullish for Ethereum.
10. Attention is now turning towards potential resistance levels as Ethereum approaches $3,000.
2. Investors are closely monitoring the upward trajectory of Ethereum's value.
3. Market demand for Ethereum continues to surge, propelling its price upward.
4. Speculation and optimism surrounding Ethereum's future applications contribute to its bullish momentum.
5. As institutional interest grows, Ethereum's price gains additional momentum.
6. The $3,000 milestone represents a significant psychological barrier for Ethereum traders and enthusiasts.
7. Factors such as network upgrades and increased adoption fuel Ethereum's price ascent.
8. Analysts predict further gains as Ethereum solidifies its position in the digital asset space.
9. Volatility remains a factor, but overall sentiment remains bullish for Ethereum.
10. Attention is now turning towards potential resistance levels as Ethereum approaches $3,000.
Today Ethereum crossed the $3600 price mark. Yesterday Bitcoin broke the $65k mark and went to above $68k. So officially the bull run has already begun and in a few days both these coins with break their earlier ATH. I don't know where will the price of Ethereum be if its spot ETF gets approved and if Bitcoin keeps on going like it has been doing for the last couple of months.
We are approaching the halving and there is a high probability that a real bullrun will occur in the near future, so it cannot be officially said that the bullrun has started yet.And it is feared that there will be a correction before the bull run actually occurs, but if that happens, I think it will only be a healthy correction and not too excessive. And the current rise in Bitcoin prices is very different and it is the possibility of the ETF spot approval price that makes it so desirable due to FOMO, and if the ETF approves Ethereum, there is a possibility that this will happen like Bitcoin's move.
And we should not miss this best moment to collect more Bitcoin and Ethereum, because it is very likely that both coins will continue to experience price increases and much higher than the previous ATH.
Today Ethereum crossed the $3600 price mark. Yesterday Bitcoin broke the $65k mark and went to above $68k. So officially the bull run has already begun and in a few days both these coins with break their earlier ATH. I don't know where will the price of Ethereum be if its spot ETF gets approved and if Bitcoin keeps on going like it has been doing for the last couple of months.
The cryptocurrency market has been recovered full and ready for Bull Run market to start, as long Bitcoin is moving uptrend, Ethereum is second in the cryptocurrency market to show up. Therefore, Ethereum price will be more than current price after the Bitcoin halving has been taken place.
The Bitcoin market has not fully recovered yet there is still some left to do. But it is expected to make a full recovery. But we believe that the market may be dumping again as there will be a halving before the upcoming bull market and the market may dump before the halving so I say there may be some dumping before the market halves. Also, since we cannot do technical analysis, guesswork will not go very far. We wait to see what happens in the market. But we don't have to wait to start, we must prepare to invest if we haven't already. Ethereum is currently in a very good position but is expected to move into the $4,000 range very soon. Currently the price of Ethereum is $3440.
The cryptocurrency market has been recovered full and ready for Bull Run market to start, as long Bitcoin is moving uptrend, Ethereum is second in the cryptocurrency market to show up. Therefore, Ethereum price will be more than current price after the Bitcoin halving has been taken place.
It seems like it will take two years before ETH returns to such a price in the market. I think the reason why Ethereum rallied today is because it has an upcoming ETH spot ETF this coming month of May 2024.
And maybe the positive news about ETH in this field of crypto space has brought it, so it is not surprising that it is called the queen of cryptocurrency. And it is possible for this ETH to reach 4000$ ATH this coming bull run in the altcoins season for sure.
ETH was reach $3.5k recently. Now it is believed that ETH can be pumped alongside btc very soon and it will make $4k extra very soon. And the future target of ETH is $10k and I'm absolutely sure it will happen but I'm not sure when it will happen. ETH is a coin with a lot of potential for the future. People who miss out on Bitcoin can take advantage of ETH, but I am not giving financial advice to anyone. Just sharing my prediction And maybe the positive news about ETH in this field of crypto space has brought it, so it is not surprising that it is called the queen of cryptocurrency. And it is possible for this ETH to reach 4000$ ATH this coming bull run in the altcoins season for sure.
Quote from: yazher
The price is expected to rise even more since they are the next target to be approved by the ETF and their investors are also waiting for it and are ready to buy more ETH in the crypto market these coming days. You should be vigilant and careful because if you happen to be late, then you are not gonna be buying ETH at its low price rather you will be one of those who gonna buy even if the price is high because the crypto market is at its best in the recent days and the probability of the ETH price to increase furthermore are higher than the recent years.
If Ethereum price can hit $3k in this 3rd month of the year show that the price will still go higher to reach $5k before the end of this year and, it will affect their investors positively which is the wish of every investors in the community.Based on the way some Ethereum investors panicked some months ago when the bear run was still on in the market, I don't think they will wait for the price of Ethereum to increase higher to $5k before they will begin to sell because, the current price will allow those who want to sell to make a big profit that will help them to have much to invest in Ethereum when another bear season occur.
and currently the price of ETH is above $3k, more precisely at $3300. Recently the price of this altcoin king has risen drastically and according to my observations the price increase of ETH is the most extraordinary when compared to the price increases of other big altcoins. I don't know whether the increase in the price of ETH is related to this news or not, what is clear is that this increase in price makes ETH's position as the king of altcoins even stronger.
Bitcoin is the "King of Crypto". So it's normal to see most investors putting all of their money into BTC instead of ETH. The latter isn't as popular as many thought it would be. Coinmarketcap shows BTC has over 50% of market dominance. It will take a long time before ETH gathers the same attention as its predecessor.
At least, ETH is going into the right direction with active development and innovation. You can bet market prices will "explode" once spot ETFs are approved by the SEC. It should only be a matter of time before this happens. Why wait for the ETFs to come? Just sell ETH whenever you see it "pumping". Right now it's a good time to do so, before it goes back down again. Buy low, and sell high. As long as you do that, you'd be on a road towards "endless profits".
You are correct Bitcoin is the king of all crypto and it has a dominance of 50% in the cryptocurrency market currently. Two years back that dominance was more than 50% because Ethereum was nothing at that time. As the ecosystem of Ethereum keeps on growing and if the spot ETF gets approved then there is a chance that it might reduce the dominance of Bitcoin in the future. It will take time but it will happen we will need to wait as we have been patiently waiting for Bitcoin to create another ATH.
At the moment it seems that all the attention is focused on the growth in value of bitcoin, the potential of ethereum is still underestimated, i hope it can soon return to its maximum values of November 2021, certainly the creation of an ETF would give it a good push towards high
Bitcoin is the "King of Crypto". So it's normal to see most investors putting all of their money into BTC instead of ETH. The latter isn't as popular as many thought it would be. Coinmarketcap shows BTC has over 50% of market dominance. It will take a long time before ETH gathers the same attention as its predecessor.
At least, ETH is going into the right direction with active development and innovation. You can bet market prices will "explode" once spot ETFs are approved by the SEC. It should only be a matter of time before this happens. Why wait for the ETFs to come? Just sell ETH whenever you see it "pumping". Right now it's a good time to do so, before it goes back down again. Buy low, and sell high. As long as you do that, you'd be on a road towards "endless profits".
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