Ethereum

bullish

Rally

Story

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  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>  
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   <li>The ETH price records a new 9-month high and retests the $4k mark.</li>  
   <li>The technical indicators display increased bullish sentiment, hinting at a higher price target.</li>  
   <li>A sustained bullish sentiment could push the price toward a new 52-week high.</li> 
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  <p>The Ethereum price has gained significant attention in the cryptocurrency space over the last seven days. This has resulted in it recording a new multi-month high and further reclaiming its important psychological level of $4,000.</p>  
  <p>With the rising bullish sentiment and the increased adoption of the ETFs, will the ETH price achieve a new ATH this month? Let’s find out the short-term market sentiments and price analysis of the largest altcoin by market cap, Ethereum.</p>  
  <h2 class="wp-block-heading" id="h-eth-price-records-new-9-month-high">ETH Price Records New 9-month High!</h2>  
  <p>The Ethereum price has added 2.19% to its portfolio in 24 hours with a trading volume of $47.809 billion. Moreover, it has surged 7.61% in the last seven days and 41.84% during the past month.</p>  
  <figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/07183313/Ethereum-Price-Analysis-07th-December-2024-1024x540.webp" alt="Ethereum Price Records New 9-month High!" class="wp-image-390580">
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    TradingView: ETH/USDT
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  <p>The Relative Strength Index (RSI) continues hovering around the overbought range in the daily time frame. Moreover, with its average trendline acting as a support, the Ethereum token may continue gaining value in the upcoming time.</p>  
  <p>Furthermore, the Simple Moving Average (SMA) displays a constant uptrend in the Ethereum price chart. This indicates an increase in the buying pressure for the altcoin in the cryptocurrency market.</p>  
  <h2 class="wp-block-heading" id="h-will-eth-price-hit-5k">Will ETH Price Hit $5k?</h2>  
  <p>If the bullish sentiment sustains, the Ethereum price will retest its resistance level of $4,100. Maintaining the price above that level could set the stage for it to head toward its upper price target of $4,500 this month.</p>  
  <p>On the contrary, if a bearish reversal occurs, the Ethereum token will retest its support level of $3,700. Furthermore, if the bearish sentiment intensifies, this could pull the price of this altcoin toward its low of $3,300.</p>  
  <p>Are you wondering about the long-term price prospects of this altcoin? Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Price Prediction</a>. Also, subscribe us to stay updated on the latest crypto-related news first!</p>  
  <h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
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   <div class="schema-faq-section" id="faq-question-1733576437492"><strong class="schema-faq-question"><strong>How much will 1 Ethereum be worth in 2030?</strong></strong>
    <p class="schema-faq-answer">With increased adoption and bullish price action, the ETH coin price could reach a maximum price of $15,575.</p>
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   <div class="schema-faq-section" id="faq-question-1733576438302"><strong class="schema-faq-question"><strong>How much is $100 ETH right now?</strong></strong>
    <p class="schema-faq-answer">As of today, 0.025 ETH can be purchased with $100.</p>
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   <div class="schema-faq-section" id="faq-question-1733576438925"><strong class="schema-faq-question"><strong>How high will Ethereum go in 5 years?</strong></strong>
    <p class="schema-faq-answer">If the bullish sentiment sustains, the ETH price could go as high as $13,000.</p>
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Why Is Ethereum Price Up Today? Will ETH Rally to $4.5k Next?

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