CandleFocus Renowned Analyst Forecasts Ethereum Surge to $10K
2024-11-21
Author: Content Editor
Ethereum's price has remained stable around $3,100 despite recent market rallies, leading analysts to predict a significant upward trend for the cryptocurrency. This has drawn attention from investors and traders, with some suggesting that Ethereum's price could rally to $10,000. The cryptocurrency has experienced a 10% correction from its November high but continues to hold the important $3,000 support level. Strong buying activity at this level suggests a solid foundation for further price movement and analysts believe this support will act as a springboard for the next surge. Popular crypto analysts predict that Ethereum's price could first reach $4,000 and then $6,000 based on historical patterns, with the possibility of mirroring the S&P 500's rally and reaching $10,000. Furthermore, Ethereum whales have been increasing their holdings, indicating confidence in the cryptocurrency, and Ethereum's MVRV Momentum suggests significant upside potential. These factors reinforce expectations of a substantial rally for Ethereum.
Related News
Don’t Expect a Bitcoin Dip Before Big Break of $100,000, According to Quant Analyst PlanB – Here’s Why South Korea-Based Bithumb Exchange Announces Listing of These Altcoins in Spot Trading! Bitcoin Nears $98,000, Just 2% Away From Six Figures ETF store president Nate Geraci hints at upcoming spot ETFs ‘Should XRP Holders be Worried,’ Analyst Predicts XRP Next Direction Ethereum Co-Founder Vitalik Buterin Made a Surprise Altcoin Purchase! Analyst Reveals How High Cardano Price Can Rise, Here Are The Targets Bitcoin Price Blasts Past $97,000 as Futures Hint at More Room to Run Bitcoin Futures Smash Through $100K Barrier on Deribit Nvidia Q3 Revenue Soars 95% to $35.1 Billion, Exceeding Expectations Worldcoin’s biometric gamble is a privacy time bomb Crypto Scam Epidemic: US Founders Responsible for Nearly Half of All Scam Projects ‘Very Strong Moves’ – Analyst Sees Rallies for Solana Rival, Updates Forecast for Two Ethereum-Based Altcoins Floki price prediction: golden cross forms as token burn surges South Korea confirms North Korea behind $50M Upbit hack Dogecoin Stabilizes Above $0.35 And Continues Its Uptrend Litecoin (LTC) at a Crossroads: Can It Rebound and Rally? XRP’s $1 at risk? As trading volume drops 77%, concerns rise DeFi, gaming will be ‘most positively affected’ by Trump: Sky Mavis POPCAT – Why a new ATH is possible despite 22% fall in memecoin’s value Solana Price Forecast: Traders move 6.7B SOL as bulls target all-time highs Onchain Analyst: Binance Taps Cold Wallet Reserves as Bitcoin Outflows Spike Schindlers Digital Assets Launches Real Estate Purchases With Crypto in South Africa A New Frontier: Court Authorizes Service of Process Through NFT Airdrop ? Bitcoin Tops ATH of $96,958; Polymarket, Kalshi BTC Odds Rise Binance Warns of Fake Tokens Exploiting Its Name Cardano Price Prediction For November 21: 43% ADA Rally on Cards Today DLT-based SNB Bills to be settled in wholesale CBDCs Why Tron Founder Bought a Duct Taped Banana for $6.2 million? US charges 5 crypto hackers in $11M scheme linked to ‘Scattered Spider’ Renowned Analyst Forecasts Ethereum Surge to $10K New ATH in Bitcoin, Very Close to $100K! Here is the New Record and What You Need to Know! XRP Price Prediction For November 21 DOGE Price Rally: Will Dogecoin Break Its 2021 All-Time High SHIB’s Large Transactions Surge by 98%, Buy Sign or What? XRP 4 Days of Sleep: What's Next? Dogecoin (DOGE) Hints at Double Top Pattern Formation, Pepe (PEPE) Loses 21% in 6 Days, But There's Still Chance CEX.IO Updates Its Trading Platform For Enhanced Liquidity Aggregation JPY is ‘backed by hostages’ — crypto exec Koji Higashi Dogecoin Slows Following Monster Gains—What Happened? New York to reduce crackdown on ‘crypto’ crime Bitwise Enters Spot Solana ETF Race with SEC Filing, What’s Next? ? Bitcoin breaks above $95,000 for the first time as post-election momentum continues Just In: US DOJ Charges Five Hackers In $6.3M Crypto Hack & Corporate Data Breaches Apple rushes out patch fixing zero-day attacks on macOS systems Cardano’s Transaction Volume Hits $52.26B, a Seven-Month High Cardano Surpasses 8-Month High; Is ADA Targeting $1.24 Next? BitGo launches Singapore subsidiary to bolster services in APAC region Bitcoin reserve won’t solve US debt crisis: Think tank co-founder Crypto Investor Pockets $6.85M in $BTC Rally Using Tactical Trading