Ethereum Price Prediction as Bull Run Continues Beyond $2,200 – Is a $10,000 ETH Possible in 2024?
The Ethereum price has dipped by 2% in the past 24 hours, falling down to $2,207 as the wider crypto market slips by 0.5% today.
Yet ETH has had a good week overall, with the altcoin remaining up by 9% in the last seven days and also by 17% in the last 30.
These gains provide it with enough ongoing momentum to produce further rallies in the next few days and weeks, with ETH likely to be one of the main beneficiaries of an expected end-of-year rally.
And when combined with its enviable fundamentals, ETH could potentially reach new highs in 2024.
Atheneum’s chart continues to look bullish, even with today’s little misstep.
Its 30-day average (yellow) is still racing further above its 200-day (blue), implying that the altcoin remains in the middle of a medium-term uptrend.
Similarly, its relative strength index (purple) remains close to 70, a level which indicates ongoing buying pressure that’s likely to keep pushing up the coin’s price.
Just as bullishly, ETH’s support level (green) has been climbing steadily ever since the middle of October, meaning that if the coin is to lose ground at any point during the current rally, any dips are likely to be small.
And compared to September and early October, ETH’s trading volume is extraordinarily healthy, standing at about $30 billion, in contrast to levels as low as $3 billion.
This makes ETH the most-traded non-stablecoin alt in the market, implying that it’s likely to benefit from an expected end-of-year rally more than most other altcoins.
Someone has to say it.
ETH price at $2.2k is hilarious.
Everyone out here trading "what ifs" this cycle when Ethereum has fundamentals.
Let my tell you why $2.2k ETH is stooopid.
Ethereum now makes $2.7 billion in annualized profits – the only
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