Monday, June 23, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Ethereum

Crypto Pundit Predicts Ethereum Price Rise To $3,000, But A Crash Could Happen First

n70products by n70products
September 2, 2024
in Ethereum
0
Crypto Pundit Predicts Ethereum Price Rise To $3,000, But A Crash Could Happen First
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Crypto analyst CrediBULL Crypto has supplied deep insights into what to anticipate from the Ethereum price action going ahead. The analyst predict that the second largest crypto token by market cap will nonetheless rise to $3,000 however famous {that a} crash will occur first. 

Ethereum To Rise To $3,000 Quickly Sufficient

In an X (previously Twitter) post, CrediBULL Crypto shared a chart that confirmed that Ethereum would rise to $3,000 someday in September. Nonetheless, the analyst’s chart additionally confirmed that Ethereum will drop beneath $2,500 earlier than it enjoys this transfer to the upside. CrediBULL Crypto did nicely to elucidate why he believes that ETH’s price will observe such a trajectory. 

Associated Studying

Ethereum 1
Supply: X

In accordance with the analyst, Bitcoin will possible pull again quickly, giving altcoins like Ethereum a “good reset.” He acknowledged that Ethereum’s first draw back goal is round $2,300 and $2,500. CrediBULL Crypto added that Ethereum will goal vary lows if it loses that vary.

Nonetheless, the crypto analyst remarked that the best transfer is for Ethereum to drop to this primary draw back goal after which bounce from there for one more leg up, pushing it into the upper timeframe resistance at $3,000 earlier than the “last” crash. In the meantime, CrediBULL Crypto once more famous that this projected transfer is dependent upon Bitcoin’s price action. 

As such, he warned that if Bitcoin “melts more durable,” then ETH will possible lose the vary between $2,300 and $2,500 and drop decrease. However, if Bitcoin simply corrects “halfway,” then Ethereum will see a bounce in that vary and luxuriate in one other increased excessive, which he highlighted on the chart. 

Primarily based on this chart setup, CrediBULL Crypto warned that opening contemporary longs on altcoins like Ethereum at their present value stage is a foul concept. There isn’t any doubt that crypto bulls could also be tempted to make such a transfer, seeing as Bitcoin achieved a successful breakout above $60,000 over the weekend and appears prepared for one more huge rally to the upside. 

The Actual Enjoyable Hasn’t Started For ETH

Crypto analyst Cousin Crypto suggested that the “enjoyable” is but to begin for Ethereum and {that a} huge rally remains to be on the horizon for the crypto token. Primarily based on the chart he shared, Ethereum remains to be set to rise above $5,000 in this bull run and will start the rally to this value stage subsequent month.  

Associated Studying

Ethereum 2
Supply: X

Crypto analyst Poseidon echoed an analogous sentiment, remarking that the “enlargement” will start as soon as Ethereum flips $3,000. This enlargement will take Ethereum as high as $5,200, a value stage the analyst predicted the crypto token might attain by October. Such a value rally will mark a brand new all-time excessive (ATH) for EtheETHreum, whose ATH is at the moment at $4,800. 

On the time of writing, Ethereum is buying and selling at round $2,7030, down nearly 1% within the final 24 hours, in response to data from CoinMarketCap. 

Ethereum price chart from Tradingview.com
ETH value nonetheless holding $2,700 | Supply: ETHUSDT on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com



Source link

Tags: CrashCryptoEthereumHappenPredictsPricePunditRise
Previous Post

Trump’s call for a bitcoin strategic reserve is a very bad idea

Next Post

Key Supports That May Spark a Bullish Upside?

Next Post
Key Supports That May Spark a Bullish Upside?

Key Supports That May Spark a Bullish Upside?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Bitcoin rally to $88.5K obliterates bears as spot volumes soar — Will a tariff war stop the party?

Bitcoin rally to $88.5K obliterates bears as spot volumes soar — Will a tariff war stop the party?

April 2, 2025
Coinbase Wins Greenlight To Operate in South America’s Second-Largest Economy With 5,000,000 Daily Crypto Users

Coinbase Wins Greenlight To Operate in South America’s Second-Largest Economy With 5,000,000 Daily Crypto Users

January 31, 2025
Ethereum Price Primed To Hit $3.5K After Bitcoin Rallies Past $60K

Ethereum Price Primed To Hit $3.5K After Bitcoin Rallies Past $60K

February 28, 2024
1702545266 w720h450

Ethereum’s Vitalik Buterin Wants to Transfer Some Layer-2 Functions Back to L1 via Enshrined zkEVM

December 18, 2023
Bitcoin Remains Resilient Despite Satoshi-Era Miner Sales, Here’s Why

Bitcoin Remains Resilient Despite Satoshi-Era Miner Sales, Here’s Why

September 23, 2024
Pro-XRP Lawyer John Deaton Mulling Senate Challenge Against High-Profile Crypto Critic Elizabeth Warren: Report

Pro-XRP Lawyer John Deaton Mulling Senate Challenge Against High-Profile Crypto Critic Elizabeth Warren: Report

February 17, 2024

Recent Posts

  • OKX To Consider IPO In US After Local Relaunch In April
  • Texas Govt. Signs Strategic Bitcoin Reserve Into Law
  • City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

OKX To Consider IPO In US After Local Relaunch In April

OKX To Consider IPO In US After Local Relaunch In April

June 23, 2025
Texas Govt. Signs Strategic Bitcoin Reserve Into Law

Texas Govt. Signs Strategic Bitcoin Reserve Into Law

June 23, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version