Ethereum

bullish

Bitcoin

<p>After an impressive performance over the past two months, Ethereum (ETH) has reached an important resistance level above $3,953. This could either delay or confirm the ongoing bullish trend. With a fully diluted valuation of about $476 billion and a daily trading volume of around $30 billion, Ethereum has successfully tested its breakout from a multi-year downward trend.</p>   
<p>Despite recent gains, Ethereum’s price may pause in the short term to attract more buyers. This comes as Bitcoin (BTC) steals the spotlight, recently <a href="https://coinpedia.org/news/why-bitcoin-is-going-up-today-key-drivers-behind-the-historic-106k-surge/" target="_blank" rel="noreferrer noopener">pushing past $105k.</a> As a result, the much-anticipated altseason could take longer to develop, as large-cap altcoins struggle to draw in new liquidity, with money still slowly shifting from Bitcoin.</p>   
<h2 class="wp-block-heading" id="h-ethereum-whales-on-the-move">Ethereum Whales on the Move</h2>   
<p>On-chain data from Glassnode reveals that the number of Ethereum whale addresses holding over 10k ETH has been growing rapidly. This increase in whale activity aligns with a decline in the supply of Ether on <a href="https://coinpedia.org/exchange/" target="_blank" rel="noreferrer noopener">centralized exchanges</a>, with over 95k ETH withdrawn in the past week alone.</p>   
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<p>Institutional investors are showing rising interest in Ether, particularly as a way to diversify their portfolios. <a href="https://coinpedia.org/crypto-live-news/bitcoin-ethereum-etfs-add-over-3-billion-this-week/" target="_blank" rel="noreferrer noopener">U.S. spot Ether ETFs </a>have seen over $2 billion in net inflows over the past three weeks. The BlackRock-led ETHA ETF has been a standout, with a record weekly inflow of around $854 million last week.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong>Ethereum nears key resistance at $3,953 will the rally continue? Read <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum price prediction</a> for insights on the next move!</strong></p>   
<h2 class="wp-block-heading" id="h-what-next">What Next?</h2>   
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<h2 class="wp-block-heading" id="h-it-s-looking-bullish-for-ethereum">It's Looking Bullish for Ethereum!</h2>   
<p>With growing institutional demand and a strong technical setup, <a href="https://coinpedia.org/news/ethereum-price-surges-after-17-5m-stake-institutional-accumulation/" target="_blank" rel="noreferrer noopener">Ethereum’s price</a> is targeting $5,250 in the near term, based on the daily Fibonacci extension. </p>   
<p>However, for the rally to gain full momentum, Ethereum will need to confirm a breakout, with the weekly <a href="https://coinpedia.org/traders/relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index (RSI)</a> rising above 70%—a level not seen since earlier this year.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
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 <div class="schema-faq-section" id="faq-question-1734343992120">
  <strong class="schema-faq-question"><strong><strong>What will the maximum price of ETH be by the end of 2024?</strong></strong></strong> 
  <p class="schema-faq-answer">The price of ETH might surge to a maximum of $4,332 this year.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734344001506">
  <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">The largest altcoin’s price could propel to a maximum of $6,925 in 2025. ETH is expected to cross the $15,575 mark by 2030.</p> 
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 <div class="schema-faq-section" id="faq-question-1734344017690">
  <strong class="schema-faq-question"><strong><strong>Is Ethereum a good investment?</strong></strong></strong> 
  <p class="schema-faq-answer">As the altcoin season begins, the short-term gains make Ethereum a lucrative buying option. However, the long-term promises of this programmable blockchain make it a viable long-term crypto investment.</p> 
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Will Ethereum Price Hit ATH This Week? Key Levels to Watch

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