Ethereum

2024

Bitcoin

Dogecoin

<p>Ethereum (ETH) kicked off 2024 by trading around $2,313, up 0.7% on the day. Leading crypto analyst Ali <a href="https://x.com/ali_charts/status/1741814848982327779?s=20" target="_blank" rel="noopener noreferrer nofollow">predicts</a> further upside for ETH, citing robust support and lack of significant supply barriers ahead.</p>
<p><em>“Ethereum looks set for further gains! The path ahead of $ETH is clear, with no significant supply barriers in sight, suggesting a potential rise to $2,700 or beyond,” </em>Ali stated in a recent tweet.</p>
<p>He points to the strong demand wall around $2,000 as a key support level that could cushion any potential corrections. Per Ali’s analysis, 1.74 million addresses currently hold 37.29 million Ethereum around that price zone. This significant support indicates buyers are ready to scoop up any dips around $2,000.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="374" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-6-1024x374.png" alt="" class="wp-image-411433" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-6-1024x374.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-6-300x110.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-6-766x280.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-6-1536x562.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-6-2048x749.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-6-410x150.png 410w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-6-100x37.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-6-957x350.png 957w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-6-788x288.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>With no major supply walls ahead for Ethereum until the $2,700 area, Ali believes ETH could continue its upside move to retest its all-time high around $4,891 in the months ahead.</p>
<p>Other analysts like Moustache also have a bullish outlook for altcoins in early 2024:</p>
<p>“It has finally happened! BTC.D closed a monthly candle below the EMA50. The last time BTC.D touched/closed below the EMA 50 in the monthly chart, we saw very strong Altseasons shortly afterwards, which historically only happen every few years,” Moustache <a href="https://x.com/el_crypto_prof/status/1741782150611980797?s=20" target="_blank" rel="noopener noreferrer nofollow">explained</a>.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="504" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-5-1024x504.png" alt="" class="wp-image-411425" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-5-1024x504.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-5-300x148.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-5-768x378.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-5-1536x756.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-5-2048x1008.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-5-305x150.png 305w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-5-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-5-711x350.png 711w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-5-788x387.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-5.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Moustache is referencing the Bitcoin Dominance index falling below a key moving average line, which has preceded altcoin run-ups in the past. With Ethereum representing the second-largest cryptocurrency, it could be poised to benefit from another impending Altseason.</p>
<p>Key market analysts predict Ethereum is gearing up for further price gains in 2024. The combination of significant support below, lack of overhead supply barriers, and a potential boost from an impending Altcoin season collectively paint a bullish picture for ETH in the year ahead.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/litecoin-ltc-expected-to-spike-200-in-january-if-this-happens/" target="_blank" rel="noopener noreferrer nofollow">Litecoin (LTC) Expected to Spike 200% in January If This Happens</a></li>
 <li><a href="https://captainaltcoin.com/weekly-analysis-of-memecoins-pepe-vs-rebel-satoshi-vs-dogecoin/" target="_blank" rel="noopener noreferrer nofollow">Weekly Analysis of MemeCoins: PEPE vs. Rebel Satoshi vs. Dogecoin</a></li>
 <li><a href="https://captainaltcoin.com/arbitrums-arb-silence-finally-coming-to-an-end-but-breakout-of-this-zone-is-crucial-to-major-price-increase/" target="_blank" rel="noopener noreferrer nofollow">Arbitrum’s ARB Silence Finally Coming to an End but Breakout of This Zone Is Crucial to Major Price Increase</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/ethereum-price-has-clear-path-ahead-as-eth-eyes-2700-according-to-crypto-analyst-heres-his-outlook/" rel="noopener noreferrer nofollow">Ethereum Price Has “Clear Path Ahead” as ETH Eyes $2,700 According to Crypto Analyst – Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethereum Price Has “Clear Path Ahead” as ETH Eyes $2,700 According to Crypto Analyst – Here’s His Outlook

Table of Contents

CaptainAltcoin

Other articles published on Jan 1, 2024

Crypto Analyst Says History Shows What Might Be Next For Bitcoin, But Is It Good Or Bad?

Bitcoin miners accumulate $1.5 billion in revenue in December

Polkadot (DOT) Shows Promise Amidst Market Fluctuations

How Will Solana Navigate the Critical Junction Between $90 and $180 in 2024?

Insights into Bitcoin’s Demand Zones and Potential Future Movements

Wall Street Goes Crypto: Goldman Sachs Chief Predicts Marketplaces Boom in 2024!

Join our free newsletter for daily crypto updates!