Ethereum

2024

<p>The post <a href="https://coinpedia.org/price-analysis/ethereums-recovery-post-crash-teases-a-50-surge-in-q3-2024/">Ethereum’s Recovery Post-Crash Teases A 50% Surge In Q3 2024</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Ethereum recovery rally shows a 4.87% price jump in the last 48 hours, as the Bitcoin price sustains above the $56,000 support level. With $52M in short-side liquidations, the bearish grip is loosening over the ETH price trend.&nbsp;</p> 
<p>With the market anticipating a bull run in the Ethereum, the hopes of a bullish rally to a new all-time high resurfaces. So, will the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum price prediction</a> of reaching $10,000 be true, or will this crash lead to a revised market prediction?&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="h-ethereum-price-performance">Ethereum Price Performance</h2> 
<p>With a market cap of $368 Billion, Ethereum stands as the biggest altcoin and one of the biggest crypto, second only to Bitcoin. Currently, a single <a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">ETH token</a> trades at $3,063 with an intraday gain of 1.42% following the overnight jump of 2.99%.&nbsp;</p> 
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<p><a href="https://www.tradingview.com/x/IT2No2fl/">Tradingview</a></p> 
<p>In the weekly chart, the ETH price action reveals a failed double top formation with a neckline at $2,844 or the 50% Fibonacci retracement level. The lower price rejections and the quick recovery tease a tectonic-level shift in sentiment.</p> 
<p>Despite the 14% drop last week, the gradual recovery could reinstate the prevailing uptrend in motion.&nbsp;</p> 
<p>Technical Indicator:</p> 
<p>RSI: The weekly RSI line drops under the halfway line during the recent pullback phase. However, the reverse divergence in the last two dips at $2,844 teases an uptrend continuation.</p> 
<p>MACD: The negative crossover in the MACD and signal lines in the weekly chart fuels the bearish histograms at play.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-ethereum-etf-listing-the-bull-run-catalyst-nbsp">Ethereum ETF Listing: The Bull Run Catalyst&nbsp;</h2> 
<p>The broader crypto market recovery teases a massive jump in the altcoins segment. Further, with the increasing likelihood of the <a href="https://markets.coinpedia.org/ethereum-etf/" target="_blank" rel="noreferrer noopener">Ethereum ETF</a> listing this month, per Bloomberg analyst James Seyffart, the ETH price is bound to boost in the coming weeks.&nbsp;</p> 
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   <p lang="en" dir="ltr">Also want to add. I have fairly low confidence in those launch date predictions at this point. Theres no deadline &amp; SEC's Corp Fin is taking their time here (I dont blame them). But these changes were very minimal and idk why the ETFs wouldn't be ready to go within a couple weeks</p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1808580691396825113?ref_src=twsrc%5Etfw">July 3, 2024</a>
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<h2 class="wp-block-heading" id="h-will-eth-price-hit-3-500">Will ETH Price Hit $3,500?</h2> 
<p>With the broader market recovery anticipations getting stronger, the Ethereum price is on the verge of a massive recovery. Further, with the increasing likelihood of the Ethereum ETF getting a listing on June 15, the upcycle could gain momentum.&nbsp;</p> 
<p>As per the Fibonacci levels, the uptrend could challenge the $3,858 mark or the 78.60% level. Optimistically, the bull run with the ETF listing could surge to $4,617.</p> 
<p>A break rally could put down Ethereum by an additional 10% drop to hit the $2,616 level.&nbsp;</p> 
<p>Read Also: <a href="https://coinpedia.org/price-analysis/are-the-top-5-cryptocurrencies-ready-for-a-bull-rally/" target="_blank" rel="noreferrer noopener">Are The Top 5 Cryptocurrencies Ready For A Bull Rally?</a></p>

Ethereum’s Recovery Post-Crash Teases A 50% Surge In Q3 2024

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