Ethereum

2024

United

Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/ethereum-eth-price-to-surge-more-than-75-in-coming-2-3-months/">Ethereum (ETH) Price To Surge More Than 75% in Coming 2-3 Months</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The past few months have been rewarding for Bitcoin (BTC) investors following the high-impact spot BTC exchange-traded funds (ETFs) approval news. As a result, Bitcoins short-term holders (STH) and miners have accelerated profit-taking in the recent past amid heightened speculation of sell-the-news possibility. </p> 
<p>Meanwhile, on-chain data analysis shows crypto whales and investors are getting focused on Ethereum (ETH) and other altcoins showing potential for a bullish outlook in the near term. Moreover, ETF experts believe there is a high probability that the United States Securities and Exchange Commission (SEC) will approve the spot Ethereum ETFs by May this year.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-experts-on-ethereum-price-action">Experts on Ethereum Price Action</h2> 
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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> flipped the crucial level at $2,130 for continuation.<br><br>After that, breakout towards new cycle highs at $2,700 and looking for continuation to $3,500 in the coming 2-3 months. <a href="https://t.co/4m1RkEUqxp">pic.twitter.com/4m1RkEUqxp</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1745726105837777004?ref_src=twsrc%5Etfw">January 12, 2024</a>
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<p>Having risen about 23 percent this week to reach a fresh two-year high of around $2,689, <a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum price</a> action is likely to continue in a bullish outlook in the near future, if the instrument manages to consistently close above the resistance/support level around $2,400. </p> 
<p>According to a reputable crypto analyst Michaël van de Poppe, Ethereum price is en route to reach $3,500 in the next few months. Furthermore, the ETH/USD price has already flipped the crucial resistance level around $2,130 into robust support.&nbsp;</p> 
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   <p lang="en" dir="ltr">"Strong opinions, weakly held" is my trading motto<br><br>I have long held to the concept of "buy the rumor, sell the news" – and that the announcement of an approved ETF in <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> could bring forth a local blow off top in crypto<br><br> I was wrong …… <a href="https://t.co/QwzOm24FhM">pic.twitter.com/QwzOm24FhM</a></p>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1745476131879588171?ref_src=twsrc%5Etfw">January 11, 2024</a>
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<p>The ETH bullish remarks have also been echoed by veteran trader Peter Brandt, who added that the ascending wedge has been broken and the bulls are in control.</p> 
<p>The rise of Ethereum after Bitcoin during the crypto bull season has always triggered a rejuvenated rally in most altcoins. As a result, the altcoin industry could register significant gains in the near term before a halving correction kicks off.</p>

Ethereum (ETH) Price To Surge More Than 75% in Coming 2-3 Months

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