Ethereum

Bitcoin ETF

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereums-potential-surge-to-3500-anticipated/" data-wpel-link="internal">Ethereum’s Potential Surge to $3,500 Anticipated</a><br></p>
<p style="text-align: justify">Following the approval of 11 spot <a href="https://en.coin-turk.com/bitcoin-etf-rumors-reach-annoying-levels-but-indicate-potential-growth/" data-wpel-link="internal">Bitcoin</a> ETFs in the US, attention has turned to the largest altcoin, Ethereum (ETH). Bloomberg ETF analyst Eric Balchunas sees a 70% chance of approval for a spot Ethereum ETF in May, and investors have begun to buy into this expectation. With this anticipation, ETH’s price has risen above $2,500, and while it’s uncertain how the price will trend, leading crypto analyst Michael van de Poppe has pointed to $3,500.</p> 
<h2 style="text-align: justify" id="strong-ethereum-expected-to-surpass-the-3-500-level-strong"><strong>Ethereum Expected to Surpass the $3,500 Level</strong></h2> 
<p style="text-align: justify">Experienced crypto analyst Michael van de Poppe, from his personal Twitter account, made a notable analysis for Ethereum’s native asset, Ether (ETH), the largest smart contract network. The analyst noted on the shared ETH chart, “Ethereum has passed the critical level of $2,130 to rise. After this, there will be a breakout towards the highest levels of the new cycle from $2,700, with a chance to rise to $3,500 in the next 2-3 months.”</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-301590" src="https://coin-turk.com/wp-content/uploads/2024/01/Altcoin-Ethereum-ETH-Ether.png" alt="" width="1634" height="860"></p> 
<p style="text-align: justify">Looking at the price chart shared by the analyst, it appears that the first critical level for ETH is around $3,100. According to van de Poppe’s expectations, if the largest altcoin surpasses this level, it could rise to as much as $3,574.</p> 
<p style="text-align: justify">The target level of $3,500 given by the analyst corresponds to a significant signal of a rise of about 35% from the current prices.</p> 
<h2 style="text-align: justify" id="strong-current-status-of-eth-price-strong"><strong>Current Status of ETH Price</strong></h2> 
<p style="text-align: justify">ETH has made a significant rise by unexpectedly turning upwards following the US Securities and Exchange Commission’s (SEC) green light for 11 spot Bitcoin ETFs on January 10th. Along with the rise in ETH, a serious recovery was seen in all Ethereum betas such as LDO, ARB, OP, RSTK.</p> 
<p style="text-align: justify">With current data, ETH is trading at $2,614, up a modest 0.06% in the last 24 hours. It is worth noting that the altcoin king has risen by 15.35% in the last 7 days and by 17.42% in the last 30 days.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereums-potential-surge-to-3500-anticipated/" data-wpel-link="internal">Ethereum’s Potential Surge to $3,500 Anticipated</a></h5>

Ethereum’s Potential Surge to $3,500 Anticipated

Table of Contents

COINTURK NEWS

Other articles published on Jan 12, 2024

Shiba Inu Price Prediction – Injective and NuggetRush Emerge as Altcoins to Watch

BRICS bank’s inaugural 2024 loan of $500m – Interpretations?

SUI Price Jumped 29%; Is the $1.00 Breakout in Sui Reliable?

Elizabeth Warren Faces Backlash Over Criticism Of SEC’s Bitcoin ETF Approval

Experienced Analyst Warned Investors: "This Indicator Gives a Fall Signal in Bitcoin!"

FTX advances asset recovery process with major Bahamas property auction

Join our free newsletter for daily crypto updates!