Ethereum

FOMO

Bitcoin

Recent market trends paint a positive picture for Ethereum (ETH), implying that the popular crypto may be entering a period of growth.  
The price increase of <a href="https://optimisus.com/news/crypto-news/ethereum-eth-hits-2100-will-it-hit-2500-soon/" rel="noopener noreferrer nofollow">Ethereum to $2,402</a> reflects a strong bullish outlook, driven by a number of factors that have piqued the interest of investors.  
VanEck, an investment firm, published a report outlining 15 projections for the cryptocurrency landscape in 2024. While discussing Ethereum's potential to surpass Bitcoin, the report takes a nuanced approach, implying that despite significant gains, Ethereum may fall short of "flipping" Bitcoin.  
Technically, Ethereum's performance remains positive, with a strong bullish trend supported by key indicators such as the simple moving average.  
The crypto is currently attempting to break through critical resistance levels of $2,350 and $2,500. A successful break could signal the continuation of the bullish trend, attracting both retail and institutional investors.  
Experts predict that <a href="https://optimisus.com/news/crypto-news/ethereum-eth-surges-by-over-4-in-the-last-24-hour/" rel="noopener noreferrer nofollow">Ethereum</a> will reach $3,500 by the end of the year, propelled by the market's current bullish sentiment.  
The upcoming Bitcoin spot exchange-traded fund (ETF) may also have an impact on Ethereum's price in December, though any potential declines are expected to be minor as sell-side pressure weakens.  
If <a href="https://optimisus.com/news/crypto-news/ethereum-eth-drops-below-2000-after-facing-resistance-at-2130/" rel="noopener noreferrer nofollow">Ethereum maintains its strength</a> around $2,400, it could rally even further to $2,650 or even $2,800. This could cause holders to experience FOMO (fear of missing out), prompting speculative buying with an eye on additional gains at $2,950, $3,250, and potentially $3,500.  
A trend reversal, on the other hand, could result in a retest of support at $2,300, with a strong recovery pushing it back above $2,400.  
A larger correction could change the technical structure, prompting a retest of $2,100 before another attempt at recovery. 
The post <a href="https://optimisus.com/news/crypto-news/ethereum-eth-surpasses-2400-surging-1-7-in-the-last-24-hours/" rel="noopener noreferrer nofollow">Ethereum (ETH) surpasses $2,400, Surging 1.7% in the last 24 hours</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Ethereum (ETH) surpasses $2,400, Surging 1.7% in the last 24 hours

Optimisus

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