Ethereum

Flow

bullish

Bitcoin

when

<p>With Bitcoin price achieving newer highs today, with the recent one at $82,371.96, the crypto market is constantly heading toward a new high. Following this, the altcoin market has experienced a similar price action with the ETH price breaking its crucial zone and reclaiming its June high!</p>   
<p>Will the bulls push the Ethereum price toward its yearly target price of $4,000? Or will the altcoin leader experience a correction in the coming time? CoinPedia’s expert panel has prepared a well-researched analysis of Ethereum (ETH) and its potential price targets.</p>   
<h2 class="wp-block-heading" id="h-eth-price-records-uptrend-for-7-consecutive-days">ETH Price Records Uptrend For 7 Consecutive Days!</h2>   
<p>Despite recording a neutral trend over the past 24 hours, the Ethereum token has soared 29.67% over the past week. Moreover, it has surged 31.39% during the past 30 days and has a YTD return of +40.29%, highlighting long-term bullish action.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/11181918/image-166-1024x540.png" alt="Ethereum Price Analysis 11th November 2024" class="wp-image-378410">
 <figcaption class="wp-element-caption">
  TradingView: ETH/USDT
 </figcaption>
</figure>   
<p>The Relative Strength Index (RSI) continues hovering above the overbought range in the 1D time frame with a bullish rise in its average trendline. This indicates increased buying-over-selling pressure for the altcoin in the crypto market.</p>   
<p>The EMA 50-day shows a sharp rise in the Ethereum price chart. This hints at a high possibility of a Golden Cross during the upcoming time.</p>   
<h2 class="wp-block-heading" id="h-ethereum-etf-flow-update">Ethereum ETF Flow Update</h2>   
<p>The ETH ETF has recorded a positive inflow for 3 consecutive days over the past week. Reportedly, the ETFs have recorded 1 negative day, 1 neutral day, and 3 positive days between 04th and 08th November.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/11181914/image-165-1024x252.png" alt="" class="wp-image-378409">
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  Source: SoSoValue
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</figure>   
<p>During the 3 positive days, the Ethereum ETF recorded the single highest inflow on 08th with $85.9 million. With this, the total inflow for the week concludes at $217.9 million. However, it witnessed an outflow of $63.2 million on 04th.</p>   
<p>Following this, the total flow for the week was $154.7 million. Notably, this was the best inflow week for Ethereum in a brief period.</p>   
<h2 class="wp-block-heading" id="h-will-eth-price-hit-4k-next">Will ETH Price Hit $4k Next?</h2>   
<p>If the bulls continue gaining weight, the Ethereum token could retest its $3.3k mark this week. Moreover, if the bullish sentiment sustains, this could push the price toward its crucial upper resistance level of $4,000.</p>   
<p>Conversely, a bearish trend reversal could pull the ETH coin toward its support trendline of $3,000. Moreover, if the bears overpower the bulls, this altcoin may take a plunge toward its lower support level at $2,800.</p>   
<p>Wondering when this altcoin may achieve a new ATH, Read our <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum (ETH) Price Prediction</a> to uncover the long-term possibilities!</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731329297363">
  <strong class="schema-faq-question"><strong>Is ETH going to boom?</strong></strong> 
  <p class="schema-faq-answer">The Ethereum price may reach a high of ~$7,000 by the end of next year.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731329298200">
  <strong class="schema-faq-question"><strong>How high will Ethereum go in 2024?</strong></strong> 
  <p class="schema-faq-answer">If the bullish sentiment sustains, the ETH price may reach a high of $4k.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731329298894">
  <strong class="schema-faq-question"><strong>Why is ETH rising?</strong></strong> 
  <p class="schema-faq-answer">With increased bullish action and Bitcoin price achieving a new ATH, the crypto market is on a bullish rally.</p> 
 </div> 
</div>

Ethereum Price Prediction: Can ETH Price Smash $4k This Week?

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