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Cryptocurrency News Articles

Ethereum (ETH) Price Prediction: Will the Price Fall to $2,800?

Dec 27, 2024 at 09:30 pm

The Ethereum price is facing a decisive phase: will the price fall to $2,800 or will we see a bullish turn? Current analyses show a possible resistance at around $3,482, while medium-term targets and the golden ratio are in focus.

Ethereum (ETH) Price Prediction: Will the Price Fall to $2,800?

The price of Ethereum is currently facing a crucial decision point, with resistance at around $3,482 likely to lead to a return to support levels. In the medium term, ETH needs to overcome the Golden Ratio at around $3,750 to complete a corrective move and potentially target the high of around $4,110 or more.

However, if Ethereum hits its bullish target of around $7,400, it would mean an additional 93% upside potential. Despite short-term weakness, indicators on the daily chart show more bullish signals with potential MACD crossovers and a neutral RSI.

Not Bitcoin and Ethereum? These cryptocurrencies will really take off in 2025

Börse Online reports on promising prospects for alternative cryptocurrencies alongside established giants such as Bitcoin and Ethereum in 2025. The article highlights that investors should invest in smaller projects, as these can often experience hype.

A suggested portfolio consists of Bitcoin (65%), Ethereum (20%), as well as more speculative coins such as SEI (5%), VeChain (5%), and Floki (5%). While Bitcoin is considered a stable store of value , Ethereum offers higher volatility but also greater opportunities due to its versatile applications.

Bitcoin, Ethereum, XRP: Next wave versus mega support

Investing.com German analyzes the current market situation for leading cryptocurrencies such as Bitcoin and altcoins including XRP in terms of their support and resistance levels following recent setbacks in the market.

Despite a significant sell-off, it remains unclear whether this has already ended or whether further selling pressure is imminent. The key support levels identified are crucial here, according to the report by the Investing.com German portal from October this year.

After nine years: Former investor transfers Ethereum – Will he sell?

An early investor has moved his Ether coins, which he has held for nine years, for the first interesting point to note from finanzen.net. He originally bought them directly from the development team at a low fixed price of around USD 0.31 per piece during the initial coin offering, instead of trading them on exchanges later. Today, these coins have a significantly higher value, so the buyer has now become a multimillionaire.

Also mentioned is Wall Street Pepe ($WEPE), which is also currently growing strongly, although it has not yet been officially launched. According to analyst estimates, its price could increase by up to twenty times if everything goes well, after pre-sales have already been successful. Investments in it to date have exceeded 36 million dollars, according to the same source.

Finanzen.net GmbH assumes no liability for the content of such reports, but merely represents an advertising communication provided by its partner CryptoPR and offered on the platform itself, without any influence on it. Readers are warned to be aware of the risks, especially when there is a risk of capital loss, which is generally common in the speculative business.

Precautionary measures should be taken and independent research recommended, and professional advice could be sought if necessary in order to feel better protected beforehand and ultimately make your own decisions. Based on sound fundamentals, one should not blindly trust just because someone else claims something is worthwhile. It should not necessarily be acted upon immediately, as success is not necessarily guaranteed.

The price forecasts for Ethereum currently show an ambivalent development. In the face of resistance, the immediate probability may lead to a fall back to support levels. Short-term weaknesses could be overcome by bullish daily chart signals, such as MACD crossovers and a neutral RSI. Long-term potential with an uptrend to $7,400 remains, which would mean almost a doubling of the current value. The key here is overcoming the “golden ratio” at around $3,750. These marks are important for traders as they significantly influence Ethereum’s next price trend.

The report on alternative cryptocurrencies alongside Bitcoin and Ethereum suggests diversified portfolio options. They show that smaller projects often benefit from speculative hype, but are also subject to higher risk. Investments in coins such as SEI, VeChain and Floki represent promising but speculative opportunities. Investors should balance between proven potential and the volatility of innovative tokens, with careful research and risk awareness being crucial.

With regard to Bitcoin and other altcoins, market analysis shows ongoing uncertainties. It remains unclear whether the current sell-offs have already reached their bottom or whether downward pressure is still present. The focused support and resistance levels define the future profit or loss balance. Tracking these levels is particularly important in order to make informed trading decisions.

The transfer of Ethereum after nine years by an early investor reflects the potential and development journey of this cryptocurrency. The multi-million value of the tokens held underlines the possibility of large profits that reward long-term loyalty and patience. However, caution must always be exercised with such investments: the speculative nature of new releases such as Wall Street Pepe shows both opportunities and risks. Initial coin offerings and new projects contain a high risk of loss, and professional advice

News source:born2invest.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on Dec 28, 2024