Ethereum

bullish

Shift

Million

Grass

The Ethereum price surged 5% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0x88e6a0c2ddd26feeb64f039a2c41296fcb3f5640" rel="noopener noreferrer nofollow">to trade at $2,616</a> as of 03:45 a.m. EST on trading volume that skyrocketed 77% to $21.51 billion.
This comes as Ethereum’s co-founder Vitalik Buterin shared a detailed blog post outlining key initiatives to optimize the Ethereum Virtual Machine (EVM) and account security as part of the ‘The Splurge’ roadmap.
 The Splurge roadmap from the Ethereum development team focuses on refining the Ethereum protocol to ensure its long-term success.
<h2 id="ethereum-price-aims-for-a-breakout">Ethereum Price Aims For A Breakout</h2>
The Ethereum price has been in a downtrend since reaching the $4,000 resistance in March but appears to be forming a consolidation pattern in recent months. 
Specifically, it’s in an ascending triangle pattern, which is typically a bullish continuation pattern, as the bulls capitalize on the $2,250 support level, according to data from <a href="https://www.geckoterminal.com/eth/pools/0x88e6a0c2ddd26feeb64f039a2c41296fcb3f5640" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
The price of Ethereum now trades above the 50-day Simple Moving Average (SMA), which acts as a dynamic support level at $2,510. If ETH continues to soar, the 200-day SMA, at $2,981, will act as immediate resistance.
Moreover, the Relative Strength Index (RSI) is at 55.16, which is in neutral territory, slightly above 50. This level shows mild bullish momentum but is not yet overbought. A rising RSI with a breakout above 60-70 would signal stronger bullish momentum.
If the momentum picks up and the bulls succeed in pushing the price of Ethereum up above the ascending triangle, ETH could breach the 200-day SMA resistance, as they target $3,300.
<figure id="attachment_592618" aria-describedby="caption-attachment-592618" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-592618" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WETH_2024-10-29_10-45-58.png" alt="Ethereum Price Chart Analysis Source: GeckoTerminal.com" width="1167" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WETH_2024-10-29_10-45-58.png 1167w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WETH_2024-10-29_10-45-58-300x143.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WETH_2024-10-29_10-45-58-1024x487.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WETH_2024-10-29_10-45-58-768x365.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WETH_2024-10-29_10-45-58-130x63.png 130w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WETH_2024-10-29_10-45-58-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V3-_GeckoTerminal.com_WETH_2024-10-29_10-45-58-83x40.png 83w" sizes="(max-width: 1167px) 100vw, 1167px">
 <figcaption id="caption-attachment-592618" class="wp-caption-text">
 ETHUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
Meanwhile, the $2,250 level is still a possible support zone for the price of Ethereum in case the bears take control.
As the Ethereum price bulls aim to sustain the bullish rally, investors looking for new opportunities might want to consider a new meme coin ICO called <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">Flockerz (FLOCK)</a>, which has surpassed $1.1 million in funds raised in its presale.
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.
<iframe title="NEXT 100X Meme Coin?! Flockerz Vote-to-Earn Crypto Review" width="640" height="360" src="https://www.youtube.com/embed/o0OSkCqnm9k?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 id="flockerz-heads-for-1-5-million-in-blockbuster-presale">Flockerz Heads For $1.5 Million In Blockbuster Presale</h2>
Flockerz is bringing real decentralization to the meme coin ecoystem via an innovative vote-to-earn (V2E) model that rewards holders with FLOCK tokens when they vote on key decisions.
This empowers the community and rewards members for their involvement, creating a more engaged and dynamic ecosystem.
The underlying framework of Flockerz is anchored in a decentralized autonomous organization (DAO) called Flocktopia, where every holder’s voice matters.
Flockerz thus addresses the common challenge of voter apathy in meme coin governance.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The flock is flying high! We’ve officially crossed $300K! <a href="https://t.co/MsLc5PeoyX" rel="noopener noreferrer nofollow">pic.twitter.com/MsLc5PeoyX</a>
 — Flockerz (@FlockerzToken) <a href="https://twitter.com/FlockerzToken/status/1840049282889724227?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 28, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Apart from V2E rewards, users can earn passively through the platform’s staking mechanism, with a sky-high annual yield of 1,497%.
Investors interested in joining the presale can <a href="https://insidebitcoins.com/visit/flockerz" rel="noopener noreferrer nofollow">visit the official Flockerz website to buy FLOCK tokens</a>&nbsp;at the current price of $0.0058862 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.&nbsp;
Buy before a price hike in less than 2 days to secure the best deal.
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Ethereum Price Prediction: ETH Surges 5% As Vitalik Buterin Details ”The Splurge” Update, While Analysts Say This V2E ICO Might 100X

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