Ethereum

<h3 id="key-points">Key Points:</h3><ul><li>Non-exchange Ethereum addresses hit an all-time high, signaling retail trader strength.</li><li>Analyst Michael van de Poppe predicts ETH could reach $3000 in Q1 2024.</li><li>Positive market sentiments support the projection of Ethereum closing the year on a bullish note.</li></ul>In a surprising turn of events, the <a href="https://cryptosnewss.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency</a> market has shed its bearish demeanor, with bullish forces gaining significant momentum. The upward trajectory, evident since the beginning of the month, paints a promising picture of an impending robust bull run. While Bitcoin confidently hovers above $43,000, Ethereum is poised to achieve new yearly highs, inching closer to the $2400 mark.<a href="https://cryptosnewss.com/category/ethereum-news/" rel="noopener noreferrer nofollow">Ethereum</a>, celebrated for its reliability and measured pace, has captured the attention of retail traders who seem to be bolstering their positions in response to the rising market momentum. Notably, there’s a trend of accumulating tokens away from exchanges, as indicated by a continuous decline in exchange volumes.Santiment’s data reveals a noteworthy development – non-exchange addresses have reached an all-time high, totaling 54.6 million. This surge starkly contrasts with the decline in the 150 largest exchange addresses, which have hit a five-year low at 9.3 million. Analysts interpret this shift as a potential weakening of selling power among whales, while retail traders gain strength. Such a power shift hints at an imminent uptick in Ethereum’s price in the days to come.Renowned analyst Michael van de Poppe shares this optimism, predicting a remarkable surge in the ETH price to around $3000 in the first quarter of 2024. The collective data reflects Ethereum’s robust bullish momentum throughout the month, setting the stage for a potentially bullish close for the year._______________________________________________________________________________________Stay connected with us on <a href="https://news.google.com/publications/CAAqBwgKMLrrowwwzOOyBA" rel="noopener noreferrer nofollow">Google News</a>, <a href="https://t.me/cryptosnewsss" rel="noopener noreferrer nofollow">Telegram</a>, <a href="https://twitter.com/NewssCryptos" rel="noopener noreferrer nofollow">Twitter</a>, and <a href="https://www.facebook.com/profile.php?id&#61;100089949049302" rel="noopener noreferrer nofollow">Facebook</a> to stay updated on the latest developments and engaging discussions in the realm of CryptosNewss.Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.Originally published at <a href="https://cryptosnewss.com/ethereums-bullish-surge-anticipating-a-3000-breakthrough-in-early-2024/" rel="noopener noreferrer nofollow">https://cryptosnewss.com</a><a href="https://cryptosnewss.com/shiba-inu-sets-crypto-ablaze-shibarium-burn-consumes-8-24-billion-shib-tokens/" rel="noopener noreferrer nofollow"> </a>on December 8, 2023.

Ethereum’s Bullish Surge: Anticipating a $3000 Breakthrough in Early 2024

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