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<p>The post <a href="https://coinpedia.org/price-analysis/ethereums-price-jumps-2-9-soon-to-hit-3500-with-etf-approval-news/">Ethereum Price Analysis: Here’s Why Experts Predict a Surge to $3,500</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The world of cryptocurrency is as exciting as ever and this time it’s <a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">Ethereum</a> that is taking the stage.</p> 
<p>Ethereum isn’t just holding its own; it’s reaching new highs. Currently at $2,099 with a 2.9% surge, Ethereum has enthusiasts and investors buzzing about the potential climb to $3,500. What’s driving this upward trend? Let’s explore the intriguing developments shaping Ethereum’s journey.</p> 
<h2 class="wp-block-heading" id="h-eth-price">ETH Price </h2> 
<p>Renowned crypto analyst Michaël van de Poppe has shared an optimistic outlook for Ethereum, especially in light of recent developments such as Fidelity’s filing. Van de Poppe forecasts a potential climb to $3,500 in the first quarter of 2024, aligning this projection with the upward trajectory witnessed in Bitcoin.&nbsp;</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> Spot ETF filing by Fidelity! <br><br>Confirms my thesis that after <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> gets its shine, we’ll see Ethereum running to $3,500 in Q1 2024.</p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1730341962367078881?ref_src=twsrc%5Etfw">November 30, 2023</a>
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<p>Read More: <a href="https://coinpedia.org/price-analysis/whales-activated-a-massive-breakout-in-the-ethereum-eth-price-is-on-the-horizon/">Whales Activated: A Massive Breakout in the Ethereum (ETH) Price is on the Horizon</a></p> 
<h2 class="wp-block-heading" id="h-whales-in-action">Whales in Action</h2> 
<p>A recent surge in Ethereum whale accumulation has caught market attention. On-chain data shows a shift: major exchange wallet holdings dropped to 8.03 million ETH, while non-exchange wallets surged to a record 41.03 million ETH, as reported by <a href="https://coinpedia.org/price-analysis/ethereum-whales-selling-spree-sparks-worries-for-eth-price/">Coinpedia News</a>.&nbsp;This shift suggests a growing preference for self-custody among investors, with significant Ethereum amounts moving away from centralized exchanges.</p> 
<p><strong>November’s Win</strong></p> 
<p>In a surprise move, Ethereum outpaced <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a> in price growth in November, surging by 13% compared to Bitcoin’s 8%. A key catalyst was BlackRock’s official filing of a spot ETH ETF. Despite less buzz around ETFs, on-chain data suggests Ethereum’s price volatility now exceeds Bitcoin’s, possibly drawing short-term traders to invest more in ETH than BTC in December.</p> 
<h2 class="wp-block-heading" id="h-ethereum-takes-the-lead">Ethereum Takes the Lead</h2> 
<p>According to IntoTheBlock’s recent report, Ethereum’s 30-day Average Intra-Day Volatility score stands at an impressive 0.45%, beating Bitcoin’s 0.32%. This shift in volatility dynamics could reshape investment strategies, drawing more attention to the dynamic opportunities within the Ethereum market.</p> 
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<p>Despite facing hurdles in November, Ethereum’s price showed a positive pattern known as a Double Bottom on the chart. As we navigate the unpredictable crypto market, the burning question remains: Can Ethereum reach $3,000 by the end of 2023? </p> 
<p>Also Read: <a href="https://coinpedia.org/news/xrp-news-deatons-disclosure-secs-favoritism-towards-btc-eth-over-ripple/">Is the SEC Playing Favorites with Bitcoin and Ethereum?</a></p> 
<p>The excitement continues as Ethereum’s journey unfolds, and the crypto community eagerly awaits the next chapter in its compelling story.</p>

Ethereum Price Analysis: Here’s Why Experts Predict a Surge to $3,500

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