Ethereum

Cryptocurrency

Solana

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 <p class="paragraph">As a highly bullish week for many assets in the cryptocurrency market draws to its end, Ethereum (ETH) has stood out as one of the sector’s best performers, making more significant strides than others and leaving the psychologically important $2,000 <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> resistance level behind.</p>
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 <p class="paragraph">Indeed, Ethereum’s high network growth, particularly that of micro addresses with less than 0.1 ETH, has pushed its market value by 10% in a single day and more than 30% over four weeks, according to the data shared by crypto and blockchain analytics platform <em>Santiment </em>in an X post on November 10.</p>
 <p class="paragraph">Specifically, these micro Ethereum wallets have recently surpassed the number of 100,000 for the first time in history, and the 0.1-10 ETH and 10K+ ETH tiers have witnessed growth as well in the past two weeks, leading Ethereum to the highest <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> since May 2022, as the crypto platform’s chart indicates.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/0PF4jpufzPUpc17zoP--kNf3m3NlD5XHA-1P2_cTXuf01kG_vlaiXglE8Az6YirZmjxz6n4SzJcef0uerj20vYNNsfx0P0JCgg3DHHKpD9jGnQNdmsR0_wA3zI7ZCgTtLxId7wx60GSZ-N6Mbi-xtm4" alt>
  <figcaption class="wp-element-caption"><em>Ethereum network and price growth. Source: </em><em>Santiment</em>
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 <h2 class="wp-block-heading" id="other-bullish-indicators">Other bullish indicators</h2>
 <p class="paragraph">At the same time, crypto trading expert Ali Martinez pointed out an interesting fact that Ethereum reclaiming the $2,000 threshold was taking place before +10K ETH whales had even started buying the second-largest cryptocurrency by market capitalization, as illustrated by the <em>Glassnode</em> chart he shared on X.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/5uttRDy8dCWJwSWtN5vUM-rVE4f8JLkKsFVKr8gW_eJTkPTUD2KEO40oRtybNdPS9y7gMg_go89NJjMrfoY-fa4MkYk_t98rFhLe1wSdwZaQlB0nVBPHtic9Pi2J1UNVJTdd_JjRfCvbyxPgo-e44Ec" alt>
  <figcaption class="wp-element-caption"><em>Ethereum mega-whale addresses. Source: </em><em>Ali Martinez</em>
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 <p class="paragraph">Additionally, crypto expert <em>Trader Tardigrade</em> earlier highlighted Ethereum’s breaking out of the 200-day resistance trendline, while its moving average convergence divergence (MACD) and signal line both turned into position values, and the MACD histogram showed an increase in the upside momentum.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/eLOUq-aD1tizj1gCKGa46Rcs2YMlbFPMhRPRmfvA0tufFXyzTfJ-wjPwt168lN1aJxY6g0ZnJsR7iv8M_iGJmkxG9O0qi5js38ZM2sg8seeACycoxyrHds_U3HxWVeIDrmEzU4CJIBzL4iSPV6RhjPY" alt>
  <figcaption class="wp-element-caption"><em>Ethereum breakout. Source: </em><em>Trader Tardigrade</em>
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 <h2 class="wp-block-heading" id="h-ethereum-price-analysis">Ethereum price analysis</h2>
 <p class="paragraph">Meanwhile, Ethereum was at press time changing hands at the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $2,105.62, recording a significant increase of 10.49% on its daily chart, which has added up to the 17.88% gain accumulated across the previous week and the even higher advance of 33.65% over the past month.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/10/445e0277a9c20f76249c2483faf04baf.webp" alt class="wp-image-136691" srcset="https://cdn.thebittimes.com/images/2023/11/10/445e0277a9c20f76249c2483faf04baf.webp 1024w, https://cdn.thebittimes.com/images/2023/11/10/445e0277a9c20f76249c2483faf04baf.webp 300w, https://cdn.thebittimes.com/images/2023/11/10/445e0277a9c20f76249c2483faf04baf.webp 768w, https://cdn.thebittimes.com/images/2023/11/10/445e0277a9c20f76249c2483faf04baf.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Ethereum 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, ETH might be on a strong bullish trend that could actually see it reach a <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> between $3,000 and $10,000 in 2024, earlier predicted by the artificial intelligence (AI) tool ChatGPT based on the asset’s expanding institutional adoption, as Finbold reported on November 4.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/what-s-next-for-ethereum-price-as-eth-soars-10-in-one-day-tbt69824.html">https://thebittimes.com/what-s-next-for-ethereum-price-as-eth-soars-10-in-one-day-tbt69824.html</a></p>

What’s next for Ethereum price as ETH soars 10% in one day?

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