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<p>The Ethereum price has dropped a fraction over the last 24 hours to trade for $2,915 as of 6:00 a.m. EST time.</p>
<p>Trading volume has soared almost 40% as ETH holders, hobbyists, and enthusiasts are buoyed by the Ethereum price bursting through the $3,000 milestone briefly, a level last tested on April 26, 2022.</p>
<p>Sentiment is boosted further by hopes that an Ether exchange-traded fund (ETF) investment product is likely to be launched soon.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Ethereum is entering the optimism phase of the crypto rally.<br>&nbsp;<br>In the coming months, <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a> has a lot of major upgrades, like EIP-4844, along with spot ETF filings.<br>&nbsp;<br>ETH is currently down 𝟑𝟗% from its ATH, while BTC is only down 25%.<br>&nbsp;<br>For ETH to catch up to <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a>, it needs to… <a href="https://t.co/8w5amzr6l7" rel="noopener noreferrer nofollow">pic.twitter.com/8w5amzr6l7</a></p>
 <p>— Ted (@TedPillows) <a href="https://twitter.com/TedPillows/status/1760239508845465787?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 21, 2024</a></p>
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<h2 id="ethereum-price-prognosis-amid-spot-eth-etf-speculation">Ethereum Price Prognosis Amid Spot ETH ETF Speculation</h2>
<p>The Ethereum price suffered a rejection from the $3,000 psychological level on Tuesday, after recording an intra-day high of $3,033. Wednesday’s intra-day high is $3,017, but all signs point to a fall as ETH is overbought and ripe for selling. This is seen with the position of the Relative Strength Index (RSI) that has just crossed below the 70 threshold.</p>
<p>Traders heeding the sell signal could send the Ethereum price below the immediate support at $2,874. Below this level, Ether could spiral all the way to the midline of the channel at $2,689. In a dire case, the load-shedding exercise could send the Proof-of-Stake (PoS) token to the depths of $2,388, nearly 20% below current levels.</p>
<p>To confirm the continuation of the downtrend, however, the Ethereum price must drop into the supply zone turned bullish breaker between $2,059 and $2,118, and close below its midline at $2,087, otherwise termed mean threshold.</p>
<p><a href="https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSDT_2024-02-21_14-02-36.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-482442 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSDT_2024-02-21_14-02-36.png" alt="Ethereum" width="1273" height="544" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSDT_2024-02-21_14-02-36.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSDT_2024-02-21_14-02-36-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSDT_2024-02-21_14-02-36-1024x438.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSDT_2024-02-21_14-02-36-768x328.png 768w" sizes="(max-width: 1273px) 100vw, 1273px"></a></p>
<p><a href="https://www.tradingview.com/x/MEI198bF/" target="_blank" rel="noopener noreferrer nofollow">TradingView: ETH/USDT 1-day chart</a></p>
<h4><strong>Converse Case</strong></h4>
<p>On the other hand, if the bulls have their way, the Ethereum price could push north, reclaiming above the $3,000 psychological level. Such a move would clear the expanse for a continuation of the trend, bringing $3,500 into focus. In a highly bullish case, the gains could see Ether market value reach $4,000, roughly 36% above current levels.</p>
<p>While the market anticipates a possible spot Ethereum ETF, many investors are considering the TUK token, which features among <a href="https://www.linkedin.com/pulse/best-crypto-icos-2024-top-picks-big-returns-juliana-clarisse-calsona-zcxqe" target="_blank" rel="noopener noreferrer nofollow">the best crypto ICOs of 2024</a>.</p>
<p><iframe title="GREAT LONGTERM NEW CRYPTO?🔥 (eTukTuk Presale Review)" width="640" height="360" src="https://www.youtube.com/embed/KByL-WTFJL8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<h2 id="a-promising-alternative-to-ethereum">A Promising Alternative To Ethereum</h2>
<p><a href="https://insidebitcoins.com/visit/etuktuk" rel="noopener noreferrer nofollow">TUK</a> is the ticker for eTuktuk, the AI-integrated, eco-friendly future of transportation, which allows you to invest and earn right away.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">"eTukTuk is one of the most creatively revolutionary projects to enter the EV sector in a long while. Although there are many EV projects, few align with the reality of people living in developing economies." – <a href="https://twitter.com/CoinGapeMedia?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CoinGapeMedia</a></p>
 <p>Read more here:<a href="https://t.co/ZfqdSLkbG7" rel="noopener noreferrer nofollow">https://t.co/ZfqdSLkbG7</a></p>
 <p>— eTukTuk (@eTukTukio) <a href="https://twitter.com/eTukTukio/status/1754829793693168063?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 2024</a></p>
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<p>The project provides entry into a sustainable transportation revolution with its green $TUK token presale that is committed to helping Tuk Tuk drivers in less developed countries in South Asia and Africa use less energy. It is also ranked among the best <a href="https://www.linkedin.com/pulse/best-penny-crypto-investments-top-picks-explosive-growth-calsona-j8nhe" target="_blank" rel="noopener noreferrer nofollow">best penny cryptos</a> for explosive potential in 2024.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">1/ Witness the groundbreaking transformation of Jammu's public transport!<a href="https://twitter.com/TataMotors?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@TataMotors</a>, India's vehicle giant, has just rolled out a fleet of Ultra EV air-conditioned electric buses for Jammu Smart City 🧵⚡ <a href="https://t.co/TUAwJHlMaz" rel="noopener noreferrer nofollow">pic.twitter.com/TUAwJHlMaz</a></p>
 <p>— eTukTuk (@eTukTukio) <a href="https://twitter.com/eTukTukio/status/1753090662600462444?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 1, 2024</a></p>
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<p>eTukTuk recently moved into stage 12 with sales going above $1.278 million. With less than $100k till the next stage is reached, now is the time to buy into the project before the price increases.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">"Breakout crypto eTukTuk&nbsp;is working on improving urban transportation in developing nations with electric vehicles and blockchain technology." – <a href="https://twitter.com/cryptonews?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@cryptonews</a></p>
 <p>Read more here: <a href="https://t.co/7hr62WePzm" rel="noopener noreferrer nofollow">https://t.co/7hr62WePzm</a></p>
 <p>— eTukTuk (@eTukTukio) <a href="https://twitter.com/eTukTukio/status/1755582609047109909?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 8, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>As governments in Asia and Africa embark on ambitious electric vehicle adoption goals over the next two decades, eTukTuk could be well-positioned to play a crucial role in driving this transition.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Do you have eco-friendly transport options in your city?<a href="https://twitter.com/hashtag/greenmobility?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#greenmobility</a> <a href="https://twitter.com/hashtag/SustainableFuture?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SustainableFuture</a></p>
 <p>— eTukTuk (@eTukTukio) <a href="https://twitter.com/eTukTukio/status/1754769729712185595?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 6, 2024</a></p>
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<p>Investors can also capitalize on eTukTuk’s staking mechanism, with an impressive 182% annual percentage yields (APY). Users will get 4.75 $TUK for each BSC block in $TUK Token incentives.</p>
<p><a href="https://insidebitcoins.com/visit/etuktuk" target="_blank" rel="noopener noreferrer nofollow">Visit and buy eTukTuk here</a>.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/green-ai-revolution-in-web3-heres-how-you-can-seize-the-100x-opportunity-with-etuktuk" rel="noopener noreferrer nofollow">Green AI Revolution in Web3 – Here’s How You Can Seize the 100X Opportunity With eTukTuk</a></li>
 <li><a href="https://insidebitcoins.com/news/etuktuk-tuk-storming-into-2024-with-massive-funding-learn-why-here" rel="noopener noreferrer nofollow">eTukTuk (TUK) Storming Into 2024 With Massive Funding, Learn Why Here</a></li>
 <li><a href="https://insidebitcoins.com/news/etuktuk-strives-to-bring-sustainable-transport-to-developing-nations-with-its-innovative-three-wheeler-ev-and-charging-infrastructure" rel="noopener noreferrer nofollow">eTukTuk Strives to Bring Sustainable Transport to Developing Nations With Its Innovative Three-Wheeler EV and Charging Infrastructure</a></li>
</ul>
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