bullish

2024

Strong

Daily

<ul class="news-points">
 <li>Ether is expected to reach $12,000-$15,000 price level in the near future.</li>
 <li>Ethereum is the leader in RWA and tokenization initiatives.&nbsp;</li>
 <li>Almost 30% of the supply of Ether is staked as holders are bullish on the token.</li>
</ul>
Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, is set to follow a bullish path, according to CoinSignals, a platform that provides daily crypto-related news and free buy/sell signals on digital assets.&nbsp;
In a <a href="https://t.me/Coin_Signals/15489" target="_blank" rel="noopener noreferrer nofollow">post</a> on its official Telegram channel, CoinSignals highlighted that Ether (ETH) has a much less selling pressure than market leader Bitcoin (BTC), which is facing a sell-pressure of 450 BTC a day. As a result, the platform predicted that the digital asset will trade between $12,000 and $15,000 during this cycle.&nbsp;
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 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETH</a> Blow Off Top Target : $12k – $15k <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> – Almost 30% of Supply is Staked. – No Daily Selling Pressure like BTC (450 BTC Day) – Deflationary Asset. – All Narratives Born on ETH. – Leader of RWA and Tokenization. Our Recent Avg Buying Price : $2900 <a href="https://t.co/S2HO3lrzR1" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/S2HO3lrzR1</a>— Coin Signals (@CoinSignals_) <a href="https://twitter.com/CoinSignals_/status/1817787958491062393?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 29, 2024</a>
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 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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CoinSignals pointed out that nearly <a href="https://www.stakingrewards.com/assets/proof-of-stake?sort=marketcap&amp;timeframe=30d&amp;order=desc&amp;byChange=false" target="_blank" rel="noopener noreferrer nofollow">30% of Ether’s total supply is staked</a>. Data f…
The post <a href="https://coinedition.com/ethereums-strong-fundamentals-might-push-eths-price-to-12000-15000-range/" rel="noopener noreferrer nofollow">Ethereum’s Strong Fundamentals Might Push ETH’s Price To $12,000-$15,000 Range</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum’s Strong Fundamentals Might Push ETH’s Price To $12,000-$15,000 Range

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