Ethereum price approaches $3k - page 4.

cryptoWODL

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Quote from: Ben Barubal on February 21, 2024, 10:43:41 AM

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.

Probably also yesterday I saw the Ethereum coin hit a high of $3036.12 dollars which may have been the highest price of an Ethereum coin this year.Just as we have seen the price of Bitcoin rise significantly after the approval of the Bitcoin ETF, the price of the Ethereum coin will also rise significantly when the Ethereum ETF is approved.You said ethereum will touch $4000 when the bullrun starts but my guess is above yours I think ethereum price can touch $10k when bullrun starts after bitcoin halving.

Bureau

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Again yesterday Ethereum broke the price point of $3k for a brief period and then the profit booking started. Whenever it reaches the $3020 mark it gets dragged down after some time. It is facing strong resistance at that price point and if it breaks it then it will stay above $3k for a long time. In the meantime, BNB price manipulation keeps driving the market with Bitcoin price still trading sideways while its dominance is still above 51%. I feel we might see another spike in the price of Bitcoin soon and before the halving.

peter0425

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Quote from: Bright0515 on February 21, 2024, 09:38:15 AM

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.

- Yeah but did not managed to stay because up to now maintaining the below 30k value which means this may go down any further any time from now.
wait Spot ETF for Ethereum to be approved in May? so this will take effect soon after halving?
this will be a big load of expectation from the whole crypto community not only for Ethereum and Bitcoin but the whole.

- Also since there are lots of coins interconnected to Ethereum then they will surely benefits from these coming event?
wondering how much we can expect from Eth and all connecting projects.

Abiky

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Quote from: Out of mind on February 22, 2024, 09:20:56 AM

ETH's ETF may be confirmed within a year due to changes in the price of Ethereum. The great trajectory we have seen ETH go through over the past few days is really interesting. Currently, the price of Ethereum has crossed $3000, and we can expect it to reach higher levels soon. Many investors have predicted that the price of Ethereum will exceed $5000 by 2024 and this prediction is believed to be correct. Ethereum's price will surely touch $10,000 when ETH's ETF receives approval.

I'm yet to see whenever ETH spot ETFs will materialize before the end of the year. Especially when Gary Gensler used to hint Ethereum is a "security". If ETF applications are delayed, we should expect market prices to stall. A great buying opportunity before the SEC makes the "big decision". Just as Bitcoin "pumped" all the way to $52k a month after the approval of spot ETFs, the same will happen with ETH.

It's possible that the world's second-largest crypto by market cap will hit $5k - $8k after the SEC gives the "green light". And with the upcoming Dencun upgrade (which aims to make L2 even cheaper), things will get even better. Maybe Solana will get its own ETF after ETH does? Only time will tell. As long as decentralization is preserved, nothing else matters. Cheesy

oktana

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$2,983 at the time of writing but it sure has clicked $3,000. Regarding the ETF, I am not sure if it is as huge as people have been saying. We’ve seen Bitcoin ETF and I haven’t really seen any urge of use around it. I understand that it’ll take time but I don’t think it is deep as people had hyped it. Anyhow it goes, I’m here to watch it unfold.

goaldigger

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Quote from: Obim34 on February 22, 2024, 05:12:06 PM

ETH hitting $3k was something we all expected now waiting for Bitcoin to touch the $60k price that will allow ETH reaching the $3.2k and by the time Bitcoin advance to an All Time High then ETH is expected to be around $4k

Bitcoin price is still the basis and yes, it will happen anytime soon as we are approaching the halving.
ETH is still trusted by many investors and reaching $3k price again is a good indicator of a great bull market. We might see a new ATH with ETH as it leads the altcoins market into a bullish trend. There's a lot of good projects under ETH network as well, better to check it as well because for sure they will follow the pump.

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Quote from: Yaunfitda on February 22, 2024, 05:00:25 PM

Quote from: Belarge on February 22, 2024, 02:23:51 PM

Quote from: NNRR on February 22, 2024, 12:18:45 PM

Yes ETH price already touched 3K Usdt I think bull run will create new all time high in ETH so those who have ETH hold can hold it, in future it may break previous all time high price.

ATH price hits after all these past weeks, therefore putting smiles on the faces of traders. Ethereum price reaches $3000 and this is huge profits from those patient investors that long it on future trading. Though watching the weekly chart of ETH, it's making some bull runs in the previous days and that doesn't send any sign of bull season, there's still time to invest in ETH but we have to thoroughly examined our entries on these projects. ETH is a promising project in the market, we just have to make it our priority to invest in this project if only we are interested in massive profits.

It's good that it touches $3k, and we can compare it when Bitcoin hits $50k. However, it's a long way to go for ETH, it is still down 40% from it's previous high while BTC is just 26% only. So it means that there need to be more growth for ETH. Anyhow, it's early, not just bull run for altcoin market in my opinion. No question that it can achieved more next year. No need to get excited, more will come for sure. I just talk to one of my friends who have been slowly stacking ETH since the bull run but he says it's too early. So that should be the mentality of ETH holders and just keep on buying. Or if you are going to sell, at least re-invest right away or go to other promising coins.

ETH hitting $3k was something we all expected now waiting for Bitcoin to touch the $60k price that will allow ETH reaching the $3.2k and by the time Bitcoin advance to an All Time High then ETH is expected to be around $4k

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Quote from: Belarge on February 22, 2024, 02:23:51 PM

Quote from: NNRR on February 22, 2024, 12:18:45 PM

Yes ETH price already touched 3K Usdt I think bull run will create new all time high in ETH so those who have ETH hold can hold it, in future it may break previous all time high price.

ATH price hits after all these past weeks, therefore putting smiles on the faces of traders. Ethereum price reaches $3000 and this is huge profits from those patient investors that long it on future trading. Though watching the weekly chart of ETH, it's making some bull runs in the previous days and that doesn't send any sign of bull season, there's still time to invest in ETH but we have to thoroughly examined our entries on these projects. ETH is a promising project in the market, we just have to make it our priority to invest in this project if only we are interested in massive profits.

It's good that it touches $3k, and we can compare it when Bitcoin hits $50k. However, it's a long way to go for ETH, it is still down 40% from it's previous high while BTC is just 26% only. So it means that there need to be more growth for ETH. Anyhow, it's early, not just bull run for altcoin market in my opinion. No question that it can achieved more next year. No need to get excited, more will come for sure. I just talk to one of my friends who have been slowly stacking ETH since the bull run but he says it's too early. So that should be the mentality of ETH holders and just keep on buying. Or if you are going to sell, at least re-invest right away or go to other promising coins.

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Quote from: Shamm on February 22, 2024, 12:29:23 PM

Quote from: NNRR on February 22, 2024, 12:18:45 PM

Yes ETH price already touched 3K Usdt I think bull run will create new all time high in ETH so those who have ETH hold can hold it, in future it may break previous all time high price.

this is a good time time to invest with ETH and there's a chance that it will go up higher and higher. We all know that Ethereum is one of the best coin to invest. It will follow Bitcoin for sure in the future. Also Ethereum is for long terms investment so we don't need to panic once we already buy Ethereum cause one thing for sure it will give us a good profit in the long term. And now the price is around $3k which is pretty good enough. Anyways congratulations for those who get their profit.

This is just the beginning because we are going to see the price of Ethereum exceeding the previous height or 4k to reach 8k.
This is going to happen looking at the moment the market is using to keep going bullish. Maybe we need to be prepared and buy enough Ethereum and watch the market to keep going bullish so that we can make money from our holding.
It is not only Ethereum that is going to do wonderfully well in the market, there are other good projects that have the inbuilt momentum to skyrocket.

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Quote from: NNRR on February 22, 2024, 12:18:45 PM

Yes ETH price already touched 3K Usdt I think bull run will create new all time high in ETH so those who have ETH hold can hold it, in future it may break previous all time high price.

ATH price hits after all these past weeks, therefore putting smiles on the faces of traders. Ethereum price reaches $3000 and this is huge profits from those patient investors that long it on future trading. Though watching the weekly chart of ETH, it's making some bull runs in the previous days and that doesn't send any sign of bull season, there's still time to invest in ETH but we have to thoroughly examined our entries on these projects. ETH is a promising project in the market, we just have to make it our priority to invest in this project if only we are interested in massive profits.

snowpega

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Well, There are many people who has made more than 2x profit from Ethereum who have been holding it for a long time. Ethereum is performing very well and now it is at $3k at the time of the creation of this post. Well, I am also planning to invest in Ethereum in the coming time like as I am expecting from the market a good corrction before the Halving event. What do you guys think about how much the market can make correction and how much Ethereum can go down? any rough guess or any rough idea? anyone have.

Besides all that Ethereum favorite ETF approval month is expected to be May which is also very close. Well keeping in mind that how much Ethereum can gain its price in the coming Bull Run? Give me any rough guess about it as one of my close friend is expecting it may cross $10k in the coming time fram so please must share your opinion over this... Many Thanks!

tyz

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Quote from: Dr.Osh on February 21, 2024, 11:20:44 PM

Quote from: tyz on February 21, 2024, 04:32:35 PM

$3k has already been briefly exceeded. However, we are still more than 30% away from the ATH (around $4,700 depending on the exchange). Bitcoin is closer to its ATH in percentage terms, which means either Bitcoin is overbought or Ethereum still has some catch-up potential. I also think that speculation about a spot ETF in the near future could push ETH up quite a bit.

Well, if you look at the ATH, ethereum is still not far enough from its current price, but little by little, I think ethereum can reach that price, just like bitcoin.
Additionally, I think that this is the beginning of a price increase that could become very high. We know that the Halving hasn't started yet, but the price of ethereum has started to recover and is almost reaching its ATH. It is possible that, after the halving, ethereum will be positively impacted by the market, and the price could be much higher beyond its ATH. However, I feel that currently ethereum's movement is still quite good.

Yeah, indeed. Bitcoin has the advantage that the ETF has already been approved. This is still pending for Ethereum. Should this also be approved, I assume that ETH will also come significantly closer to its ATH. In addition, the Decum upgrade is planned for March or April, which could also provide a further boost. The Bitcoin halving could also give the crypto market as a whole another boost. A lot of events in the coming months that could have a positive impact on the prices.

Shamm

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Quote from: NNRR on February 22, 2024, 12:18:45 PM

Yes ETH price already touched 3K Usdt I think bull run will create new all time high in ETH so those who have ETH hold can hold it, in future it may break previous all time high price.

this is a good time time to invest with ETH and there's a chance that it will go up higher and higher. We all know that Ethereum is one of the best coin to invest. It will follow Bitcoin for sure in the future. Also Ethereum is for long terms investment so we don't need to panic once we already buy Ethereum cause one thing for sure it will give us a good profit in the long term. And now the price is around $3k which is pretty good enough. Anyways congratulations for those who get their profit.

criptoevangelista

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Quote from: Bureau on February 21, 2024, 10:32:39 PM

Ethereum did break the $3k mark earlier but now it seems like profit booking is happening. What looks interesting to me is suddenly BNB price has spiked by 7%. I don't have any news that indicates the reason. It looks to me as if whales are manipulating it's price for now.

There are two reasons why Ethereum breached the $3 price point. Of course one reason is the spot ETF that might get approved soon. The next one is Dencun upgrade which is going to happen on March 13th.

It's really quite strange that this high appreciation of BNB in this short space of time, it's almost 10% per week in the last 3 weeks, so far nothing justifies it other than whales moving the price, or are we close to burning BNB?

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Yes ETH price already touched 3K Usdt I think bull run will create new all time high in ETH so those who have ETH hold can hold it, in future it may break previous all time high price.

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Quote from: Bureau on February 21, 2024, 10:32:39 PM

Ethereum did break the $3k mark earlier but now it seems like profit booking is happening. What looks interesting to me is suddenly BNB price has spiked by 7%. I don't have any news that indicates the reason. It looks to me as if whales are manipulating it's price for now.

There are two reasons why Ethereum breached the $3 price point. Of course one reason is the spot ETF that might get approved soon. The next one is Dencun upgrade which is going to happen on March 13th.

Good insight but more likely it is whale manipulation due to those mentioned events. There's no significant event at this moment, only anticipated ones, which helped me come up with such conclusion. But bottomline, no one has the assurance of whatever reason behind the increase other than the increase itself being unexpected that it even had a higher price increase than with bitcoin's.

Given these upcoming events, there is a huge tendency for ETH to reach its ATH, and other tokens might as well have the same hype. Domino effect is evident for a long time with market price increase and decline. However, investors should still be careful of a possible price correction given that prices are up for months already and consolidation might suddenly take place. Being optimistic of ETH's price movement is okay however never be too confident.

Out of mind

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ETH's ETF may be confirmed within a year due to changes in the price of Ethereum. The great trajectory we have seen ETH go through over the past few days is really interesting. Currently, the price of Ethereum has crossed $3000, and we can expect it to reach higher levels soon. Many investors have predicted that the price of Ethereum will exceed $5000 by 2024 and this prediction is believed to be correct. Ethereum's price will surely touch $10,000 when ETH's ETF receives approval.

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The $3,000 is no longer new to Ethereum this week, it's a good comeback by the coin which is showing the resilient nature of the coin now. Being the number 2 cryptocurrency in the world by market capitalization rating, it has lived up to the standard. It is able to do whatever Bitcoin is doing and always proves itself to be a worthy rival without disappointing both its short and long-term investors. As it is now, Ethereum will certainly hit its ATH of about $4865 again, it has behaved as a very serious coin, and nothing should stop it from hitting that level even before the end of 2024.

It hit the $3,000 you mentioned on Tuesday and also hit it yesterday but the two days did not witness a close above that level which makes it not stable above there for now. Going forward, I know that it will have a close above it pretty soon, maybe next week or month, and by then it can be rigid on what's next afterwards.

Regarding the ETF approval, the chance of approving Ethereum is very high. If the SEC could approve Bitcoin, there can't be a good reason why Ethereum with better utility would not be approved.

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Quote from: tyz on February 21, 2024, 04:32:35 PM

$3k has already been briefly exceeded. However, we are still more than 30% away from the ATH (around $4,700 depending on the exchange). Bitcoin is closer to its ATH in percentage terms, which means either Bitcoin is overbought or Ethereum still has some catch-up potential. I also think that speculation about a spot ETF in the near future could push ETH up quite a bit.

Well, if you look at the ATH, ethereum is still not far enough from its current price, but little by little, I think ethereum can reach that price, just like bitcoin.
Additionally, I think that this is the beginning of a price increase that could become very high. We know that the Halving hasn't started yet, but the price of ethereum has started to recover and is almost reaching its ATH. It is possible that, after the halving, ethereum will be positively impacted by the market, and the price could be much higher beyond its ATH. However, I feel that currently ethereum's movement is still quite good.

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Quote from: Bright0515 on February 21, 2024, 09:38:15 AM

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.

That's good thing for those who are expecting to sell out their coins in Ethereum as this is the perfect timing but look at it now as the price did not Hold the 3k level .
its the 2.0 version seems to be effecting or the ETF? May is just 1 month after Bitcoin halving meaning the market will act differently so expecting this and that are too cautious to do.

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