3 hours ago
TL;DR Analysts predict ETH could hit $5,000 or even $10,000, with key resistance at $3,750 signaling a potential breakout. Rising daily active addresses and positive network growth suggest increasing Ethereum adoption, supporting a bullish outlook. Where’s ETH Headed Next? The second-largest cryptocurrency was on a tear last week, with its price briefly surpassing $4,000 on December 6. This was the highest level witnessed since March 2024. Since then, though, ETH started losing steam, tumbling to approximately $3,500 amid the latest market correction observed at the start of the new business week. In the past several hours, the bulls have prevented a further fall, pushing the price to the current $3,720 (per CoinGecko’s data). ETH Price, Source: CoinGecko Despite ETH’s wobbly performance as of late , multiple analysts remain optimistic that the asset has yet to record fresh peaks. The popular trader using the X moniker CoinMamba predicted a new all-time high of $5,000 before the end of 2024. My target for $ETH is still $5k by the end of this year. Do what you will with that information.. — CoinMamba (@coinmamba) December 10, 2024 X user Skew also envisioned a potential pump for ETH if it reclaims the $3,750 resistance level. However, the trader remains rather pessimistic if the valuation drops below $3,500. Crypto Patel presented a bullish scenario, according to which ETH’s price may skyrocket to a new ATH of $10,000. The X user also assumed there is a chance for a potential crash to the $2,500-$2,800 range, describing it as “the perfect accumulation zone.” What Are On-Chain Metrics Signaling? Some essential indicators suggest that ETH could indeed be poised for an upside move. One example is the increase in Ethereum’s daily active addresses. According to IntoTheBlock, the figure has jumped by almost 7% on a 24-hour scale, surpassing 600,000. This resurgence usually suggests growing usage of the Ethereum blockchain, which , in turn, could lead to a price spike. Another metric on the rise is the Net Network Growth (a momentum signal “that gives a pulse of the true growth of the token’s underlying network”). It is up 0.30% daily , entering the bullish zone. On the other hand, the “In the Money” indicator, which measures the change in the number of ETH investors currently sitting on paper profits, is slightly down for the same period. As of writing these lines, around 89% of those exposed to the asset are in the green, while only 8% are underwater. The post Top Ethereum (ETH) Price Predictions: New ATH or Another Severe Correction? appeared first on CryptoPotato .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin’s Surge Above $100,000 Sparks Recovery Hopes for Altcoins Amid Market Volatility
Bitcoin’s surge past $100,000 has revitalized market sentiment, signaling potential new highs for leading cryptocurrencies. Market analysts are closely monitoring price levels, as a decisive move above significant resistance could Crypto Potato
Pepe Loves Santa (PEPESAN) Solana Memecoin Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag
Pepe Loves Santa could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe Loves Santa (PEPESAN), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because PEPESAN is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe Loves Santa can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Pepe Loves Santa could become the next viral memecoin. Pepe Loves Santa launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Pepe Loves Santa on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Loves Santa by entering its contract address – 9FuN9o4pQgF3NF1v2saWvb7b9hNKDJ1DGU6LSbur437Q – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPESAN. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. Crypto Potato
