Altcoins
$7,000 Ethereum In Sight? Expert Breaks Down The Potential Path
Published
6 hours agoon
By
adminThere is a reason for Ethereum fans to be optimistic, as expert analysis suggests that the cryptocurrency is going to touch the skies in the coming months. As Bitcoin has just crossed $94,000, Ethereum also shows signs of life and bounces back from its recent low and hints at the possibility of price explosion.
Related Reading
A Quick Look At The Patterns
Well-known crypto analyst Ali Martinez has found a bullish reversal pattern that can potentially take the price of Ethereum into much higher value. Trading at $3,281 at the moment, Ethereum has slipped below the middle line of its rising channel and has traders spooked.
But Martinez is one who thinks if Ethereum could just retest the lower boundary at $2,800 and rebound, it will likely launch into a bullish trend. This rebound may eventually set the stage for Ethereum to reach between $6,000 and $7,000.
If #Ethereum $ETH is following an ascending parallel channel, a dip to the lower boundary at $2,800 could act as a launchpad for a move toward $6,000. pic.twitter.com/uYP6BW3DZh
— Ali (@ali_charts) January 10, 2025
Market Sentiment & Challenges
Even though these are all good signs, the mood in the futures market right now is not clear. Open interest in Ethereum has gone down by 1.25%, which shows that some buyers are becoming more cautious.
The long-to-short number is still less than 1, which means that traders are betting against Ethereum instead of for it. Also, funding rates have gone down a lot, which shows that people are less interested in taking leveraged long bets.
Although short-term sentiment may be negative, long-term holders may see attractive entry points at current prices. Due to their inherent volatility, cryptocurrencies require constant vigilance and awareness of market trends.
Key Resistance Levels
All eyes will be on Ethereum’s performance and whether it can overcome important resistance thresholds as we advance into 2025. Several elements determine whether one may achieve $6,000 or even $7,000: market conditions, investor mood, and more general economic impact.
At the time of writing, Ether was trading at $3,274, down 0.9% and 9.9% in the daily and weekly timeframes, data from Coingecko shows.
Related Reading
Ether Price Forecast
Ether (ETH) is likely to start an ascent in the next seven days; its present price sits 56% below the projected value for next month. This recovery can draw more trading activity and fits the optimistic trends in the market.
Ether is expected to rise by a solid 93% in six months and 94% in three months, according to predictions by CoinCheckup. Though market volatility still has great importance to take into account, a one-year forecast reveals an impressive 180% increase, demonstrating great development potential.
Featured image from Getty Images, chart from TradingView
Source link
You may like
Why High Net-Worth Investors Are Super Bullish on Bitcoin Right Now
This new token targets 1,200x growth and could topple SUI and ADA
Expert Predicts SEC To Approve XRP And Solana ETF This Year
$190m raised, OG Labs secures capital
New Hampshire Lawmaker Introduces Bill That Would Enable the State To Form a Digital Asset Treasury
Top 3 Reasons to be Bullish on Dogecoin (DOGE) Price
Altcoins
Ripple President Says 2025 Will Be a Big Year for Crypto, Predicts More Spot ETFs Will Be Launched – Here’s Why
Published
2 days agoon
January 9, 2025By
adminRipple president Monica Long thinks additional crypto exchange-traded fund (ETF) approvals will usher in another big year for digital assets in 2025.
Long predicts in a new interview with Bloomberg Crypto that “various crypto spot ETFs” will receive a seal of approval in the US this year.
The Ripple president also says payments-focused altcoin XRP is “likely to be the next in line” in terms of ETF approvals.
Multiple ETF providers filed Form S-1 registration statements for XRP ETFs with the Securities and Exchange Commission (SEC) last year, including Bitwise Asset Management, 21Shares, Canary Capital and WisdomTree.
The SEC greenlit the first spot market Bitcoin (BTC) ETFs last January, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum (ETH) ETFs for trading in July.
Long predicts the approvals on those newer XRP filings will accelerate due to President-elect Donald Trump’s election victory and the upcoming change of leadership at the SEC.
XRP is trading at $2.36 at time of writing, a marginal increase in the last 24 hours.
The Ripple president also forecasts big things for the stablecoin market.
“The stablecoin market today is you know more than $150 billion for US dollar stablecoins, and it’s projected to grow to $3+ trillion over the next few years, so this is a market that is exploding.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Source link
Altcoins
Trader Forecasts Q1 Surges for Ethereum (ETH), Says ‘Mega Pump’ Incoming for One Crypto Sector
Published
6 days agoon
January 6, 2025By
adminA crypto strategist and trader is laying out his predictions for the digital asset market for the first few months of the year, including his Q1 outlook for Ethereum (ETH).
The analyst pseudonymously known as Inmortal tells his 222,400 followers on the social media platform X that he thinks Ethereum is gearing up for rallies this quarter.
The trader believes that ETH is about to follow in the footsteps of its Q1 2024 price action.
“ETH about to have a good Q1.”‘
Looking at the trader’s chart, he seems to predict that ETH will hit a new all-time high of $5,300 by March. At time of writing, ETH is worth $3,646.
He also thinks old altcoins and artificial intelligence (AI)-focused projects will ignite rallies in the next three months.
“In Q1:
1. ETH outperforms.
2. SOL go +$300
3. AI coins mega-pump
4. Memes underperform
5. Dino coins have a good run.”
While the analyst believes memecoins will not see huge rallies in Q1 of this year, he says that Floki (FLOKI) will be an exception.
“High conviction on the memecoin leader.
FLOKI.”
Based on the trader’s chart, he appears to suggest that FLOKI is mirroring Pepe’s (PEPE) late 2023 to early 2024 price action when the Ethereum-based memecoin went parabolic after months of sideways movement. The trader seems to predict that FLOKI will hit a new all-time high of $0.0005 before the end of Q1.
At time of writing, FLOKI is trading at $0.00019.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
Why High Net-Worth Investors Are Super Bullish on Bitcoin Right Now
This new token targets 1,200x growth and could topple SUI and ADA
Expert Predicts SEC To Approve XRP And Solana ETF This Year
$7,000 Ethereum In Sight? Expert Breaks Down The Potential Path
$190m raised, OG Labs secures capital
New Hampshire Lawmaker Introduces Bill That Would Enable the State To Form a Digital Asset Treasury
Top 3 Reasons to be Bullish on Dogecoin (DOGE) Price
Are Pudgy Penguins pushing back?
Hamster Kombat (HMSTR) Price Prediction January 2025, 2026, 2030, 2040
North Dakota Considers Crypto Reserve as State Bitcoin Treasuries Gain Momentum
XRP aims for $50 in 2025 as this rising crypto steals the show
How 3 Consecutive Wins Made This Crypto Investor $9M in Profits?
Red-Hot DeFi Platform Usual Faces Backlash as Protocol Update Triggers Sell-Off
The DTX Exchange hybrid platform shocks the online trading space
US Bitcoin ETF Ends Week With $149.4M Outflow, Will It Impact BTC Rally?
Ethereum’s lowered yield might signal a paradigmatic shift in the ecosystem
Telegram users can send gifts to friends, TON fails to pump
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Bitcoin Could Rally to $80,000 on the Eve of US Elections
Crypto’s Big Trump Gamble Is Risky
A Kamala Presidency Could Be Just as Bullish for Bitcoin
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
SEC filing underway, Bitcoin rewards app Fold adopts FLD ticker
Cardano and the XRP price action lock in bulls vs bears battle as RCO Finance prepares for 3,000% surge
A16z-backed Espresso announces mainnet launch of core product
Tether CEO Paolo Ardoino Denies Rumors That Stablecoin Issuer Is Under Federal Investigation
Crypto Exchange OKX Moves To Support USDC Ecosystem by Adding Six New Trading Pairs
Trump’s Coin Is About As Revolutionary As OneCoin
Ripple Vs. SEC, Shiba Inu, US Elections Steal Spotlight
Trending
- DeFi3 months ago
Ethereum’s lowered yield might signal a paradigmatic shift in the ecosystem
- News3 months ago
Telegram users can send gifts to friends, TON fails to pump
- 24/7 Cryptocurrency News2 months ago
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
- Bitcoin2 months ago
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
- Bitcoin2 months ago
Bitcoin Could Rally to $80,000 on the Eve of US Elections
- Opinion2 months ago
Crypto’s Big Trump Gamble Is Risky
- Opinion3 months ago
A Kamala Presidency Could Be Just as Bullish for Bitcoin
- Price analysis2 months ago
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x