CandleFocus Ethereum ($ETH) Price Could Break $5,000, Says Leading Crypto Analytics Firm
2024-12-13
Author: Content Editor
CryptoQuant, an analytics platform, predicts that Ethereum (ETH) could reach over $5,000 based on its price band analysis. The firm suggests that the current upper price band matches the level seen during the 2021 bull run, indicating potential for further growth. Ethereum has shown volatility and resilience throughout 2024, navigating significant price swings. Currently, Ethereum is trading around $3,920 with intraday volatility. The price has recovered from mid-summer lows and has maintained an overall upward trajectory, especially in the fourth quarter of 2024.
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