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Lawyer Highlights Why SEC Challenges XRP Futures In Bitnomial Case
The Ripple Vs SEC battle has further intensified with Bitnomial revealing key updates recently. Notably, the Bitnomial Exchange has recently sued the US SEC as the agency claims that the XRP Futures are “Security Futures.” However, amid this, pro-XRP lawyer Bill Morgan has shed light on the key reasons why the agency has continued its harsh stance against XRP in the Bitnomial case.
Ripple Vs SEC: Why SEC Continues To Target XRP?
Bitnomial has continued to advance with its strategic plan despite the latest legal hurdles and the ongoing tensions in the Ripple Vs SEC case. In a recent announcement, the exchange revealed the upcoming launch of its perpetual futures platform, Botanical.
The platform, backed by Ripple with a $25 million funding round, aims to provide a flurry of trading options like futures, crypto derivatives, and others, to users. Besides, the firm also said that Ripple CEO Brad Garlinghouse will join its board, which has further fueled speculations in the crypto market.
Meanwhile, Ripple’s involvement in the funding has further fueled discussions about the SEC’s motives in targeting Bitnomial. Some critics argue that the agency’s scrutiny of Bitnomial’s XRP futures is a calculated move to undermine Ripple’s growing influence.
One social media user pointed out that every company working with XRP seems to be under the SEC’s radar. His comment reflects the agency’s actions, which may be more about hindering Ripple’s progress than protecting investors.
However, pro-XRP lawyer Bill Morgan weighed in on this viewpoint. He highlighted that Ripple’s backing of Bitnomial has created a strong incentive for the crypto giant to support Bitnomial in its legal battle. He noted that the SEC’s aggressive stance could be part of a broader strategy to stifle Ripple’s growth through associated businesses like Bitnomial.
What’s Next In XRP Lawsuit?
The Bitnomial case has gained more attention as the US SEC has recently filed an appeal in the XRP lawsuit. The Ripple Vs SEC case was one of the high-profile and long-running legal battles in the crypto sector.
Amid this, the recent appeal by the agency has sparked discussions in the market, with many slamming the SEC for extending the case. However, Ripple has also filed a cross-appeal, indicating its confidence in the ongoing legal fight. Besides, Ripple CLO has also commented on the XRP lawsuit and its potential future developments.
Meanwhile, amid this, Grayscale has filed to covert its Solana, XRP, and AVAX Trust into ETF offerings. This move, despite the US SEC targeting Ripple’s native crypto, showcases the firm’s confidence in the blockchain firm and its native crypto. Besides, Ripple has also revealed major updates on its stablecoin RLUSD, which have fueled speculations in the market.
However, XRP price was down 1.5% today to $0.5384, with its trading volume soaring 9% to $1.22 billion. The crypto has touched a high of $0.5475 and a low of $0.5327 in the last 24 hours. Furthermore, XRP Futures Open Interest also fell 2% to $747.94 million.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Asset mangement firm Bitwise has officially submitted the 10 Crypto Index ETF product’s with the US Securities and Exchange Commission (SEC). The firm’s exchange partner, New York Stock Exchange (NYSE) filed the 19b-4 officially earlier this month. The 19b-4 is now recognized by the commission.
The Bitwise 10 Crypto ETF
Per the filing, the components of the Bitwise 10 Crypto Index ETF include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP. Others include Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Bitcoin Cash (BCH), Polkadot (DOT), and Uniswap (UNI).
The fund will track the prices of these assets in weighted proportions, giving investors indirect exposure to the underlying coins. Each of the assets in the Crypto Index ETF has its unique holdings. Bitcoin will occupy a 75.14% share of the index, Ethereum 16.42% and Solana 4.3%
Others including XRP will occupy 1.56% of the fund, Cardano 0.66%, Avalanche 0.55%, Chainlink 0.39%, Bitcoin Cash 0.38%. The last two assets in the Index Uniswap and Polkadot will take 0.31% and 0.30% share respectively.
To determine its Net Asset Value (NAV) at the end of the trading day, the fund will rely on the CF Benchmarks pricing data.
Notably, the ETF has named Coinbase Custody as its partner for the crypto component of the fund. In complement, the Bank of New York Mellon will serve a triple purpose for the fund. BNY Mellon will serve as the custodian for the fund’s cash holdings, play a role as the Trust’s administrator and as the transfer agent.
Bitwise has featured in the news more often lately. As reported earlier by Coingape, NYSE Arca filed the 19b-4 for its Bitcoin and Ethereum ETP earlier this week in hopes of approval.
The Challenge With US SEC Approval
The question around more crypto ETF approval beyond Bitcoin and Ethereum was uncertain months ago, however, with the resignation notice of Gary Gensler as US SEC Chair, industry experts are now hopeful.
Bitwise is riding on this positive sentiment to advance its crypto ETF agenda. In addition to the combined Bitcoin and Ethereum ETP filed this week, the asset manager also joined the Solana ETF train this month.
With the countdown for SEC feedback now activated, it remains to be seen if the filings will be approved.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Algorand (ALGO) price has seen a bullish rally in the last week with the price jumping over 40%. Following the price rally crypto analysts are suggesting a potential breakout, raising questions about whether ALGO price could reach the $1 mark soon.
Algorand Price Double Bottom Pattern
Recent technical analysis of Algorand (ALGO) price charts reveals a double bottom pattern forming over the last two years. This pattern is often interpreted as a bullish indicator, signifying a potential shift from a downtrend to an uptrend.
On the charts, resistance levels have been identified around $0.3097 and $0.3017. If these levels are breached, analysts predict an upward trajectory, with price targets set at $1.2668 and $1.1345, respectively. Such a breakout could indicate strong bullish sentiment and pave the way for a sustained price rally.
Double bottom breakout looming for $Algo 👀
The neckline sits at $0,30#Algorand pic.twitter.com/TrdMqfEBej
— STEPH IS CRYPTO (@Steph_iscrypto) November 27, 2024
Currently, ALGO price is trading at $0.2993, following a 5% price surge in recent sessions. This positions the token just below key resistance levels, fueling anticipation of a potential breakout.
Increased Trading Volume and Open Interest
Trading activity for Algorand (ALGO) has seen a sharp rise, with trading volume surging by 55.20% to $466.91 million. This uptick indicates heightened interest in the asset and increased market liquidity.
Open interest, a metric tracking active positions in derivatives markets, has also risen slightly by 0.41% to $83.27 million.
This suggests traders are maintaining positions or opening new ones in anticipation of future price movements. Together, these metrics point to growing engagement with ALGO among market participants, potentially contributing to price volatility in the short term.
Community Governance Updates and Ecosystem Changes
Algorand’s ongoing governance developments could also play a role in shaping market sentiment. The Algorand Foundation recently opened its latest governance voting period, which includes proposals to introduce an xGov council. If approved, the council would transition decision-making power from the Foundation to community-elected representatives.
Additionally, the governance model is evolving to phase out incentivized rewards for participation, marking a shift in how the Algorand ecosystem operates. These changes aim to improve the ecosystem’s decentralization and sustainability. As governance shifts align with broader adoption efforts, they may influence investor confidence and long-term value.
Despite current price levels, Algorand (ALGO) faces a mixed scenario regarding profitability among its holders. Data shows that 26.13% of ALGO holders are currently “in the money,” having purchased the token at prices below the current $0.2993. Conversely, 66.22% of holders remain “out of the money,” indicating they bought at higher prices.
With strong support around $0.2851 and resistance at $0.31, ALGO’s price could experience volatility as it approaches these levels. Analysts are closely monitoring whether the price will surpass the $0.31 resistance, which could open the path to higher price targets in 2024.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Despite the recent Bitcoin crash, Ethereum (ETH) price trades today at $3,493.0 as of 2 PM. Surprisingly, ETH performance during the recent crash is much better than most altcoins, but this sell signal could cause issues and potentially trigger a crash for ETH. Regardless, Ether prices today hit a daily high of $3,501.2 after 4.53% move on November 27.
Will Ethereum Price Today Crash Again?
While many altcoins gave away gains to the market due to Bitcoin’s extended crash, Ethereum price remains steadfast, indicating strength. Depending on how BTC fares during Wednesday’s New York trading session, the value of ETH could drop lower or climb higher. As mentioned above, a sell signal flashes on the daily chart and could threaten the strength. Read more to find out.
Ethereum Price Chart Today
*Ethereum price updated as of 2 PM.
Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024.
Ethereum Price Outlook
ETH’s year-to-date (YTD) performance continues to increase and currently sits at 33%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11. As of November 27, 2024, if you invested $10,000 in ETH on January 1, 2024, your portfolio, after 317 days, would be up roughly $3,317. Ethereum’s market capitalization stands at $420.7 billion.
Ethereum: The Second-Largest Crypto By Market Cap
Ethereum ranks second in market capitalization, valued at $420.7 billion, after Bitcoin’s $1.73 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap.
Since its all-time high of $571 billion in November 2021, Ethereum’s value decreased by half in October, but has spiked recently due to Bitcoin’s new ATH. Still, Ethereum maintains a strong lead over other popular cryptocurrencies:
- Solana (SOL): $98.8 billion
- Ripple (XRP): $89.8 billion
- BNB (BNB): $91.0 billion
Despite this recent downtick and recovery, the 24-hour trading volume of Ethereum is $41.7 billion.
Ethereum’s Crypto Trading Volume Soars
The 24-hour trading volume of Ethereum is $41.7 billion. Binance is the largest contributor to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, and ByBit follow Binance.
Ethereum Upgrades to Proof-of-Stake Technology
The London hard fork is a significant Ethereum blockchain upgrade. It changed the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin recently shared his thoughts on X (formerly Twitter). He explained how Proof-of-Stake (PoS) is more decentralized than Proof-of-Work (PoW).
Notable Ethereum Blockchain Upgrades in 5 Years
Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.
Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.
2023:
2022:
2021:
London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.
2020:
How ETH Gas Affects Ethereum Price
The blockchain upgrades Ethereum receives aim to solve the trilemma of blockchain, i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Ethereum’s transaction fees (gas fees) plummeted post-upgrade, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.
As of November 27, the gas fee for a transaction on the ETH network as of 2 PM is 14 Gwei.
When Ethereum’s on-chain value grows, presenting opportunities, investors flock, driving gas fees up. This typically occurs during market upswings, peaking at all-time highs.
Ethereum Price Forecast For Next 7 Days
| Date | Price | Change |
|---|---|---|
| November 27, 2024 | 3410.43 | 2.79% |
| November 28, 2024 | 3403.94 | 2.6% |
| November 29, 2024 | 3413.78 | 2.89% |
| November 30, 2024 | 3435.93 | 3.56% |
| December 01, 2024 | 3474.45 | 4.72% |
| December 02, 2024 | 3482.86 | 4.97% |
| December 03, 2024 | 3473.99 | 4.71% |
| December 04, 2024 | 3485.11 | 5.04% |
| December 05, 2024 | 3477.47 | 4.81% |
| December 06, 2024 | 3468.89 | 4.55% |
| December 07, 2024 | 3476.50 | 4.78% |
| December 08, 2024 | 3474.76 | 4.73% |
| December 09, 2024 | 3462.27 | 4.35% |
| December 10, 2024 | 3444.43 | 3.82% |
| December 11, 2024 | 3446.50 | 3.88% |
| December 12, 2024 | 3432.37 | 3.45% |
| December 13, 2024 | 3443.70 | 3.79% |
| December 14, 2024 | 3463.18 | 4.38% |
| December 15, 2024 | 3466.48 | 4.48% |
| December 16, 2024 | 3469.00 | 4.56% |
| December 17, 2024 | 3483.34 | 4.99% |
| December 18, 2024 | 3525.58 | 6.26% |
| December 19, 2024 | 3521.45 | 6.14% |
| December 20, 2024 | 3530.18 | 6.4% |
| December 21, 2024 | 3523.20 | 6.19% |
| December 22, 2024 | 3501.58 | 5.54% |
| December 23, 2024 | 3492.83 | 5.28% |
| December 24, 2024 | 3490.18 | 5.2% |
| December 25, 2024 | 3469.13 | 4.56% |
| December 26, 2024 | 3494.83 | 5.34% |
Based on CoinGagpe’s Ethereum price predictions, investors can expect ETH to trade at around $3,373 in the next week. This is a considerate prediction and is in line with the lackluster performance seen since the start of 2024.
How High Can Ethereum Price Go Between 2025 & 2029
| January | $3,449.20 | $3,701.16 | $3,575.19 | 48.3% |
| February | $3,371.25 | $3,872.14 | $3,621.70 | 50.2% |
| March | $3,293.30 | $4,043.13 | $3,668.22 | 52.1% |
| April | $3,215.35 | $4,214.11 | $3,714.73 | 54.1% |
| May | $3,137.40 | $4,385.09 | $3,761.25 | 56% |
| June | $3,059.45 | $4,556.07 | $3,807.76 | 57.9% |
| July | $2,981.49 | $4,727.05 | $3,854.28 | 59.9% |
| August | $2,903.54 | $4,898.03 | $3,900.79 | 61.8% |
| September | $2,825.59 | $5,069.02 | $3,947.31 | 63.7% |
| October | $2,747.64 | $5,240 | $3,993.82 | 65.6% |
| November | $2,669.69 | $5,410.98 | $4,040.34 | 67.6% |
| December | $2,591.74 | $5,581.96 | $4,086.85 | 69.5% |
| All Time | $3,020.47 | $4,641.56 | $3,831.02 | 58.9% |
| January | $2,811.26 | $5,564.71 | $4,269.20 | 77.1% |
| February | $3,030.78 | $5,547.47 | $4,451.54 | 84.6% |
| March | $3,250.31 | $5,530.22 | $4,633.89 | 92.2% |
| April | $3,469.83 | $5,512.97 | $4,816.23 | 99.8% |
| May | $3,689.35 | $5,495.73 | $4,998.58 | 107.3% |
| June | $3,908.87 | $5,478.48 | $5,180.93 | 114.9% |
| July | $4,128.39 | $5,461.23 | $5,363.27 | 122.5% |
| August | $4,347.91 | $5,443.99 | $5,545.62 | 130% |
| September | $4,567.44 | $5,426.74 | $5,727.96 | 137.6% |
| October | $4,786.96 | $5,409.49 | $5,910.31 | 145.1% |
| November | $5,006.48 | $5,392.25 | $6,092.65 | 152.7% |
| December | $5,226 | $5,375 | $6,275 | 160.3% |
| All Time | $4,018.63 | $5,469.86 | $5,272.10 | 118.7% |
| January | $5,417.25 | $5,571.75 | $6,513.75 | 170.2% |
| February | $5,608.50 | $5,768.50 | $6,752.50 | 180.1% |
| March | $5,799.75 | $5,965.25 | $6,991.25 | 190% |
| April | $5,991 | $6,162 | $7,230 | 199.9% |
| May | $6,182.25 | $6,358.75 | $7,468.75 | 209.8% |
| June | $6,373.50 | $6,555.50 | $7,707.50 | 219.7% |
| July | $6,564.75 | $6,752.25 | $7,946.25 | 229.6% |
| August | $6,756 | $6,949 | $8,185 | 239.5% |
| September | $6,947.25 | $7,145.75 | $8,423.75 | 249.4% |
| October | $7,138.50 | $7,342.50 | $8,662.50 | 259.3% |
| November | $7,329.75 | $7,539.25 | $8,901.25 | 269.2% |
| December | $7,521 | $7,736 | $9,140 | 279.1% |
| All Time | $6,469.13 | $6,653.88 | $7,826.88 | 224.6% |
| January | $7,771.92 | $8,001.25 | $9,467.83 | 292.7% |
| February | $8,022.83 | $8,266.50 | $9,795.67 | 306.3% |
| March | $8,273.75 | $8,531.75 | $10,123.50 | 319.9% |
| April | $8,524.67 | $8,797 | $10,451.33 | 333.5% |
| May | $8,775.58 | $9,062.25 | $10,779.17 | 347.1% |
| June | $9,026.50 | $9,327.50 | $11,107 | 360.7% |
| July | $9,277.42 | $9,592.75 | $11,434.83 | 374.3% |
| August | $9,528.33 | $9,858 | $11,762.67 | 387.9% |
| September | $9,779.25 | $10,123.25 | $12,090.50 | 401.5% |
| October | $10,030.17 | $10,388.50 | $12,418.33 | 415.1% |
| November | $10,281.08 | $10,653.75 | $12,746.17 | 428.7% |
| December | $10,532 | $10,919 | $13,074 | 442.3% |
| All Time | $9,151.96 | $9,460.13 | $11,270.92 | 367.5% |
| January | $10,940 | $11,331.17 | $13,534.75 | 461.4% |
| February | $11,348 | $11,743.33 | $13,995.50 | 480.5% |
| March | $11,756 | $12,155.50 | $14,456.25 | 499.6% |
| April | $12,164 | $12,567.67 | $14,917 | 518.7% |
| May | $12,572 | $12,979.83 | $15,377.75 | 537.8% |
| June | $12,980 | $13,392 | $15,838.50 | 556.9% |
| July | $13,388 | $13,804.17 | $16,299.25 | 576% |
| August | $13,796 | $14,216.33 | $16,760 | 595.1% |
| September | $14,204 | $14,628.50 | $17,220.75 | 614.3% |
| October | $14,612 | $15,040.67 | $17,681.50 | 633.4% |
| November | $15,020 | $15,452.83 | $18,142.25 | 652.5% |
| December | $15,428 | $15,865 | $18,603 | 671.6% |
| All Time | $13,184 | $13,598.08 | $16,068.88 | 566.5% |
In the next year, Ethereum price could still be hovering in the current range. Based on the prediction data, ETH’s trade range extends from $3,001.19 to $4,651.84. This outlook is based on the previous data. However, if ETH breaks the trend, it could go much higher.
The long-term outlook extending from 2025 to 2029, Ethereum price could hit a high of $18,603 with the lowest point being $3,000.
Ethereum Price Forecast Between 2030 & 2050
2030
2031
2032
2033
2040
2050
| January | $16,092.58 | $16,559.25 | $19,264.08 | 699% |
| February | $16,757.17 | $17,253.50 | $19,925.17 | 726.4% |
| March | $17,421.75 | $17,947.75 | $20,586.25 | 753.8% |
| April | $18,086.33 | $18,642 | $21,247.33 | 781.3% |
| May | $18,750.92 | $19,336.25 | $21,908.42 | 808.7% |
| June | $19,415.50 | $20,030.50 | $22,569.50 | 836.1% |
| July | $20,080.08 | $20,724.75 | $23,230.58 | 863.5% |
| August | $20,744.67 | $21,419 | $23,891.67 | 890.9% |
| September | $21,409.25 | $22,113.25 | $24,552.75 | 918.4% |
| October | $22,073.83 | $22,807.50 | $25,213.83 | 945.8% |
| November | $22,738.42 | $23,501.75 | $25,874.92 | 973.2% |
| December | $23,403 | $24,196 | $26,536 | 1000.6% |
| All Time | $19,747.79 | $20,377.63 | $22,900.04 | 849.8% |
| January | $24,169.83 | $24,997.58 | $27,711.08 | 1049.4% |
| February | $24,936.67 | $25,799.17 | $28,886.17 | 1098.1% |
| March | $25,703.50 | $26,600.75 | $30,061.25 | 1146.8% |
| April | $26,470.33 | $27,402.33 | $31,236.33 | 1195.6% |
| May | $27,237.17 | $28,203.92 | $32,411.42 | 1244.3% |
| June | $28,004 | $29,005.50 | $33,586.50 | 1293.1% |
| July | $28,770.83 | $29,807.08 | $34,761.58 | 1341.8% |
| August | $29,537.67 | $30,608.67 | $35,936.67 | 1390.5% |
| September | $30,304.50 | $31,410.25 | $37,111.75 | 1439.3% |
| October | $31,071.33 | $32,211.83 | $38,286.83 | 1488% |
| November | $31,838.17 | $33,013.42 | $39,461.92 | 1536.7% |
| December | $32,605 | $33,815 | $40,637 | 1585.5% |
| All Time | $28,387.42 | $29,406.29 | $34,174.04 | 1317.4% |
| January | $33,881.25 | $35,131.33 | $42,063 | 1644.6% |
| February | $35,157.50 | $36,447.67 | $43,489 | 1703.8% |
| March | $36,433.75 | $37,764 | $44,915 | 1762.9% |
| April | $37,710 | $39,080.33 | $46,341 | 1822.1% |
| May | $38,986.25 | $40,396.67 | $47,767 | 1881.2% |
| June | $40,262.50 | $41,713 | $49,193 | 1940.4% |
| July | $41,538.75 | $43,029.33 | $50,619 | 1999.5% |
| August | $42,815 | $44,345.67 | $52,045 | 2058.6% |
| September | $44,091.25 | $45,662 | $53,471 | 2117.8% |
| October | $45,367.50 | $46,978.33 | $54,897 | 2176.9% |
| November | $46,643.75 | $48,294.67 | $56,323 | 2236.1% |
| December | $47,920 | $49,611 | $57,749 | 2295.2% |
| All Time | $40,900.63 | $42,371.17 | $49,906 | 1969.9% |
| January | $49,768.50 | $51,484 | $59,820.33 | 2381.1% |
| February | $51,617 | $53,357 | $61,891.67 | 2467.1% |
| March | $53,465.50 | $55,230 | $63,963 | 2553% |
| April | $55,314 | $57,103 | $66,034.33 | 2638.9% |
| May | $57,162.50 | $58,976 | $68,105.67 | 2724.8% |
| June | $59,011 | $60,849 | $70,177 | 2810.7% |
| July | $60,859.50 | $62,722 | $72,248.33 | 2896.6% |
| August | $62,708 | $64,595 | $74,319.67 | 2982.5% |
| September | $64,556.50 | $66,468 | $76,391 | 3068.4% |
| October | $66,405 | $68,341 | $78,462.33 | 3154.3% |
| November | $68,253.50 | $70,214 | $80,533.67 | 3240.3% |
| December | $70,102 | $72,087 | $82,605 | 3326.2% |
| All Time | $59,935.25 | $61,785.50 | $71,212.67 | 2853.7% |
| January | $72,550.17 | $75,090.58 | $85,513 | 3446.8% |
| February | $74,998.33 | $78,094.17 | $88,421 | 3567.4% |
| March | $77,446.50 | $81,097.75 | $91,329 | 3688% |
| April | $79,894.67 | $84,101.33 | $94,237 | 3808.6% |
| May | $82,342.83 | $87,104.92 | $97,145 | 3929.2% |
| June | $84,791 | $90,108.50 | $100,053 | 4049.9% |
| July | $87,239.17 | $93,112.08 | $102,961 | 4170.5% |
| August | $89,687.33 | $96,115.67 | $105,869 | 4291.1% |
| September | $92,135.50 | $99,119.25 | $108,777 | 4411.7% |
| October | $94,583.67 | $102,122.83 | $111,685 | 4532.3% |
| November | $97,031.83 | $105,126.42 | $114,593 | 4652.9% |
| December | $99,480 | $108,130 | $117,501 | 4773.5% |
| All Time | $86,015.08 | $91,610.29 | $101,507 | 4110.2% |
| January | $102,603.75 | $110,953.42 | $120,084.17 | 4880.7% |
| February | $105,727.50 | $113,776.83 | $122,667.33 | 4987.8% |
| March | $108,851.25 | $116,600.25 | $125,250.50 | 5095% |
| April | $111,975 | $119,423.67 | $127,833.67 | 5202.1% |
| May | $115,098.75 | $122,247.08 | $130,416.83 | 5309.2% |
| June | $118,222.50 | $125,070.50 | $133,000 | 5416.4% |
| July | $121,346.25 | $127,893.92 | $135,583.17 | 5523.5% |
| August | $124,470 | $130,717.33 | $138,166.33 | 5630.7% |
| September | $127,593.75 | $133,540.75 | $140,749.50 | 5737.8% |
| October | $130,717.50 | $136,364.17 | $143,332.67 | 5844.9% |
| November | $133,841.25 | $139,187.58 | $145,915.83 | 5952.1% |
| December | $136,965 | $142,011 | $148,499 | 6059.2% |
| All Time | $119,784.38 | $126,482.21 | $134,291.58 | 5470% |
Between 2023 and 2050, Ethereum’s price will most likely follow the bullish outlook and aim for the six-digit territory. The lowest price point is $16,092.58, and the highest price of Ether is $145,915.83.
ETH’s Sell Signal Hints at Ethereum Price Crash
The daily Ethereum price chart shows a clear sell signal that hints at an incoming correction. This sell signal is in the form of a bearish divergence noted between the price and the Relative Strength Index (RSI). A bearish divergence is formed when price produces higher high while RSI produces lower highs, denoting a lack of momentum backing up the up trending price. The result of this non-conformity is a correction.
Considering that Ethereum price currently faces both the declining trend line and horizontal resistance level as a blockade, a short-term correction is likely. If Bitcoin drops, ETH could follow suit and trigger a 17% crash to $2,886. This key support level is a good place for accumulation before Ether triggers its next leg up.
The following bounce from $2,886 needs to overcome the $3,500 hurdle to climb to $4,000, a key psychological level.
On the other hand, if Bitcoin’s price fails to drop lower and trigger a reversal, then ETH will look stronger than other altcoins. It could break above $3,500 and preemptively catalyze a run to $4,000. This move will invalidate the short-term correction thesis.
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