Ethereum

Greed

Cryptocurrency

Bitcoin ETF

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 <p class="paragraph">With the gains starting to propel altcoins, Ethereum (ETH) seems to have had the best performance recently, as its price just reached an <a rel="noopener noreferrer nofollow" title="18-month" href="https://thebittimes.com/tag/18-month.html">18-month</a> high. The move has prompted analysts to discuss the possibility of ETH attaining the $3,000 target, last reached in April 2022.</p>
 <p class="paragraph">The current Ethereum trend suggests a sustained upward trajectory. The upcoming quarter has a potential ascent to $3,000, per a post on X from crypto analyst <em>Jelle</em> on January 15.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“ETH reached the highest level in 18 months, and it doesn’t look like it’s stopping anytime soon. Expecting $3000 in the coming quarter,” she said.</p>
 </blockquote>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="588" src="https://cdn.thebittimes.com/images/2024/01/15/3f4c64514a597dea8f63f084f8506db8.webp" alt="Positive momentum on the Ethereum price chart. Source: Jelle
" class="wp-image-149115" srcset="https://cdn.thebittimes.com/images/2024/01/15/3f4c64514a597dea8f63f084f8506db8.webp 1024w, https://cdn.thebittimes.com/images/2024/01/15/3f4c64514a597dea8f63f084f8506db8.webp 300w, https://cdn.thebittimes.com/images/2024/01/15/3f4c64514a597dea8f63f084f8506db8.webp 768w, https://cdn.thebittimes.com/images/2024/01/15/3f4c64514a597dea8f63f084f8506db8.webp 1536w, https://cdn.thebittimes.com/images/2024/01/15/3f4c64514a597dea8f63f084f8506db8.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Positive momentum on the Ethereum price chart. Source: Jelle
  </figcaption>
 </figure>
 <p class="paragraph">This breakout is indicated on the multiyear price chart and can be a possible indicator of a surge in the price of this digital asset in the next couple of months.</p>
 <h2 class="wp-block-heading" id="h-further-positive-indicators">Further positive indicators</h2>
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 <p class="paragraph">Not only does the multiyear price chart show promising signs for ETH, but shorter time spans also paint a bullish picture for this crypto asset.</p>
 <p class="paragraph">Notably, Ethereum has broken out from an ascending triangle pattern on the weekly chart. Despite transient volatility, it remains focused on achieving a target of $3,400, per a post from crypto expert Ali Martinez on January 14.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="679" src="https://cdn.thebittimes.com/images/2024/01/15/6c8b54f0f2aa0460eb1becc2d4c3b2d1.webp" alt="ETH breakout from an ascending triangle on a weekly chart. Source: Ali Martinez
" class="wp-image-149116" srcset="https://cdn.thebittimes.com/images/2024/01/15/6c8b54f0f2aa0460eb1becc2d4c3b2d1.webp 1024w, https://cdn.thebittimes.com/images/2024/01/15/6c8b54f0f2aa0460eb1becc2d4c3b2d1.webp 300w, https://cdn.thebittimes.com/images/2024/01/15/6c8b54f0f2aa0460eb1becc2d4c3b2d1.webp 768w, https://cdn.thebittimes.com/images/2024/01/15/6c8b54f0f2aa0460eb1becc2d4c3b2d1.webp 1536w, https://cdn.thebittimes.com/images/2024/01/15/6c8b54f0f2aa0460eb1becc2d4c3b2d1.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ETH breakout from an ascending triangle on a weekly chart. Source: Ali Martinez
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 </figure>
 <p class="paragraph">Meanwhile, ETH has surpassed the critical level of $2,130, indicating a potential for further continuation. Following this breakthrough, there is a projection for an upward movement toward new cycle highs at $2,700, with an ongoing outlook for continuation towards $3,500 within the next 2-3 months, according to a post from cryptocurrency analyst Michael van de Poppe on January 12.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="539" src="https://cdn.thebittimes.com/images/2024/01/15/22197812527c1fe0478286bcf9f9e34f.webp" alt="ETH surprassing at the crucial level for price gains. Source: Michael van de Poppe
" class="wp-image-149117" srcset="https://cdn.thebittimes.com/images/2024/01/15/22197812527c1fe0478286bcf9f9e34f.webp 1024w, https://cdn.thebittimes.com/images/2024/01/15/22197812527c1fe0478286bcf9f9e34f.webp 300w, https://cdn.thebittimes.com/images/2024/01/15/22197812527c1fe0478286bcf9f9e34f.webp 768w, https://cdn.thebittimes.com/images/2024/01/15/22197812527c1fe0478286bcf9f9e34f.webp 1536w, https://cdn.thebittimes.com/images/2024/01/15/22197812527c1fe0478286bcf9f9e34f.webp 1634w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ETH surprassing the crucial level for price gains. Source: Michael van de Poppe
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="ethereum-rsi-looks-bullish">Ethereum RSI looks bullish</h2>
 <p class="paragraph">Furthermore, the relative strength index (RSI) is specifically crafted to depict the market’s current and historical strengths or weaknesses and showcase positive momentum.</p>
 <p class="paragraph">It stands at close to 53 for ETH at the time of press, a value above 50, and indicates a bullish signal for its recent trading strength.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="189" src="https://cdn.thebittimes.com/images/2024/01/15/3e41d5e3920b9eed5b8f793a8d6be431.webp" alt="RSI indicator for ETH price. Source: TradingView
" class="wp-image-149118" srcset="https://cdn.thebittimes.com/images/2024/01/15/3e41d5e3920b9eed5b8f793a8d6be431.webp 1024w, https://cdn.thebittimes.com/images/2024/01/15/3e41d5e3920b9eed5b8f793a8d6be431.webp 300w, https://cdn.thebittimes.com/images/2024/01/15/3e41d5e3920b9eed5b8f793a8d6be431.webp 768w, https://cdn.thebittimes.com/images/2024/01/15/3e41d5e3920b9eed5b8f793a8d6be431.webp 1108w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   RSI indicator for ETH price. Source: TradingView
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="eth-price-analysis">ETH price analysis</h2>
 <p class="paragraph">At the time of writing, this digital asset was trading at $2,534, losing 0.39% in the past 24 hours but adding 13.87% on the weekly chart and 11.24% on the monthly level.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/01/15/12aefd935e0c06d70587241001e5be4e.webp" alt="ETH 7-day price chart. Source: Finbold" class="wp-image-149120" srcset="https://cdn.thebittimes.com/images/2024/01/15/12aefd935e0c06d70587241001e5be4e.webp 1024w, https://cdn.thebittimes.com/images/2024/01/15/12aefd935e0c06d70587241001e5be4e.webp 300w, https://cdn.thebittimes.com/images/2024/01/15/12aefd935e0c06d70587241001e5be4e.webp 768w, https://cdn.thebittimes.com/images/2024/01/15/12aefd935e0c06d70587241001e5be4e.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ETH 7-day price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">Over the last year, the asset has seen a remarkable 66% price increase, outperforming 60% of the top 100 cryptocurrencies. Additionally, it is trading above its 200-day simple moving average, indicating a positive trend outlook in the mid to long-term.</p>
 <p class="paragraph">Whether the prediction will come true and ETH surpasses the $3,000 threshold, only time will tell, but experts and technical indicators are optimistic as of now.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><strong><em>:</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>
 <p class="paragraph"></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-reaches-18-month-high-eth-to-3-000-soon-tbt76601.html">https://thebittimes.com/ethereum-reaches-18-month-high-eth-to-3-000-soon-tbt76601.html</a></p>

Ethereum reaches 18-month high; ETH to $3,000 soon?

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