Ethereum

bullish

FOMO

<p>Ethereum (ETH) has captured the spotlight after forming a bullish pennant on its hourly chart. Following an impressive performance on Wednesday, the second-largest cryptocurrency by market cap rebounded from a critical support level above $3,542 in the last 24 hours. By early Friday in the Asian session, ETH was trading around $3,595, with a fully diluted valuation of approximately $432 billion.</p>   
<p>As Bitcoin pushes closer to its highly anticipated <a href="https://coinpedia.org/news/will-bitcoin-hit-100k-the-significance-of-november-28-unveiled/" target="_blank" rel="noreferrer noopener">$100k milestone</a>, Ethereum is also gearing up for significant gains. The broader altcoin market is heating up, with<a href="https://coinpedia.org/sponsored/bitcoin-dominance-falls-as-traders-flock-to-altcoin-propichain/" target="_blank" rel="noreferrer noopener"> Bitcoin dominance</a> showing signs of a reversal. </p>   
<h2 class="wp-block-heading" id="h-ethereum-s-whales-on-the-move">Ethereum’s Whales on the Move</h2>   
<p>Ethereum's network has seen a surge in whale activity, alongside a noticeable rise in stablecoin balances. On-chain data reveals two significant whale transactions in the past 24 hours:</p>   
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 <li><strong>Ethereum Co-Founder Jeffrey Wilcke:</strong> Wilcke moved 20,000 ETH (worth over $72 million) to Kraken on Thursday.</li>   
 <li><strong>Institutional Sale by Winslow Strong:</strong> Winslow Strong, director of the Qualia Research Institute, transferred 9,380 ETH (valued at $33.7 million) to Coinbase, according to data from Spot on Chain.</li> 
</ul>   
<p>Despite these large sales, institutional interest remains strong. <a href="https://coinpedia.org/crypto-live-news/leveraged-ethereum-etf-demand-soars-160-since-donald-trump-win/" target="_blank" rel="noreferrer noopener">U.S. spot Ether ETFs</a> are gaining traction, and another <a href="https://x.com/spotonchain/status/1861697025991176607?s=46" target="_blank" rel="noreferrer noopener">whale</a> has spent $64 million over the past two weeks to accumulate nearly 20,000 ETH from Bybit, signaling robust demand.</p>   
<h2 class="wp-block-heading" id="h-ethereum-technical-analysis">Ethereum Technical Analysis</h2>   
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   https://twitter.com/cryptosr_us/status/1862313781411401784?s=46 
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<p>From a technical standpoint, Ethereum's price has a higher chance of continuing <a href="https://coinpedia.org/news/breakout-alert-ethereum-eth-price-prediction-for-november-28/" target="_blank" rel="noreferrer noopener">with bullish momentum</a> in the near future. In the four-hour time frame, Ether's price is aiming at reaching $3,911, which coincides with the 2.618 Fibonacci Extension.</p>   
<p>In case of bearish sentiment, <a href="https://coinpedia.org/price-analysis/ethereum-eth-price-prediction-nov-28th-2024/" target="_blank" rel="noreferrer noopener">Ether price</a> will find a robust support level above $3,285, after rebounding from the same level three times in the past week.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong>With Ethereum showing bullish momentum and whales making strategic moves, read <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum price prediction</a> to stay ahead of the market trends!</strong></p>   
<h2 class="wp-block-heading" id="h-growing-market-interest">Growing Market Interest </h2>   
<p>Ethereum’s momentum is expected to continue as November draws to a close. Open Interest (OI) for ETH futures has surged to an all-time high of over $24 billion, reflecting growing demand and heightened trading activity.</p>   
<p>According to data from Coinglass, if ETH hits $4,000, approximately $850 million in market positions could be liquidated, underscoring the high stakes for traders.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
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 <div class="schema-faq-section" id="faq-question-1732866750665">
  <strong class="schema-faq-question"><strong>What is driving Ethereum's price increase in November 2024?</strong></strong> 
  <p class="schema-faq-answer">Ethereum’s bullish momentum is driven by whale activity, rising institutional demand, and Bitcoin’s rally, signaling potential new highs.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732866760238">
  <strong class="schema-faq-question">How does Ethereum’s Open Interest impact its price?</strong> 
  <p class="schema-faq-answer">Ethereum’s Open Interest hitting a new high signals strong market demand, with potential for significant price movement and FOMO-driven trades.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732866799440">
  <strong class="schema-faq-question"><strong><strong>How high will the ETH price rise by the end of 2030?</strong></strong></strong> 
  <p class="schema-faq-answer">According to our Ethereum price prediction. The largest altcoin’s price could propel to a maximum of $6,925 by the end of 2025. ETH is expected to cross the $15,575.21 mark by 2030.</p> 
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<p><strong>It's going to be an exciting end of the year for crypto! Stay tuned. </strong></p>

Ethereum Price Targets $3,911 Multi-Year High as Whale Activity Surges

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