Ethereum

Render

Momentum

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-gains-momentum-against-bitcoin-and-usd" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Gains Momentum Against Bitcoin and USD</a><br></p>
<p style="text-align: justify">A notable market expert suggests that the recent crypto bull market, which peaked in 2022, concluded favorably, and Ethereum (ETH) is poised for an upswing against both <a href="https://en.bitcoinhaber.net/significant-daily-drop-in-crypto-market-followed-by-a-positive-turn-after-fed-meeting" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoin-faces-selling-pressure-despite-spot-etf-launch" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) and the US dollar. Speaking to a large audience on the social media platform X, the expert highlighted a positive trajectory for the ETH/BTC ratio, having successfully maintained a support level at 0.30 BTC.</p>
<h2 id="what-are-the-projections-for-eth-btc">What are the Projections for ETH/BTC?</h2>
<p style="text-align: justify">The market strategist anticipates that the ETH/BTC ratio could dip to 0.4597 BTC. He described this potential dip as an encouraging indication of a strong foundation for future growth.</p>
<h2 id="will-ethereum-etfs-influence-price-growth">Will Ethereum ETFs Influence Price Growth?</h2>
<p style="text-align: justify">The expert pointed out that substantial investments flowing into Ethereum-focused exchange-traded funds (ETFs) are expected to propel ETH’s price upwards. He noted, “Investment momentum for ETH is on the rise, with trading volumes likely reaching between $250 to $500 million shortly.”</p>
<p style="text-align: justify">Additionally, the expert is observing Render (RENDER), a network specializing in GPU rendering, which has recently gained traction after overcoming a major resistance point at $8.10. Currently priced at $8.61, RENDER has shown an increase of more than 8% within a single day.</p>
<ul>
 <li>ETH is likely to breach the $4,000 mark against the US dollar.</li>
 <li>Investment in ETH-based ETFs is seeing a consistent increase.</li>
 <li>Render demonstrates a strong bullish trend in its market performance.</li>
</ul>
<p style="text-align: justify">The outlook for Ethereum appears optimistic, with several catalysts suggesting a promising upward trend. As investor enthusiasm grows, Ethereum’s potential to outperform Bitcoin and achieve significant milestones against the dollar remains a focal point for market watchers.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/ethereum-gains-momentum-against-bitcoin-and-usd" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Gains Momentum Against Bitcoin and USD</a></h5>

Ethereum Gains Momentum Against Bitcoin and USD

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