CandleFocus Ethereum price prediction: here’s why ETH could surge soon
2024-11-25
Author: Content Editor
The Ethereum price has stabilized after a strong bull run last week, currently trading at $3,370. Technical indicators suggest that Ethereum could see further price gains in the coming months, with the formation of a golden cross chart pattern and the completion of a cup and handle pattern. However, there are signs of pressure on Ethereum, as whales continue to sell the coin and competition from Solana intensifies. Solana's DEX protocols have handled more volume than Ethereum in the past month, and Solana's meme coin ecosystem has accumulated a market cap of over $20 billion. Ethereum is also losing market share in the payment industry to Tron, and investors seem to be more focused on Bitcoin ETFs rather than Ether ETFs. Despite these challenges, Ethereum could still stage a comeback as the crypto fear and greed index remains in the extreme greed area.
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