Obstacle in ETH's Climb to $3,000 Due to Large Sell Order
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Crypto Corner- Ethereum (ETH) on a Bull Run- Dogecoin (DOGE) Price Point Review- Bitcoin (BTC) Liquidation Event- Ethereum ETF performance
Deciphering Ethereum's Latest SurgeEthereum (ETH) saw a significant increase of nearly 40% last week, reaching as high as $2,600, largely due to renewed investor optimism and the major network update Pectra. Despite this surge, ETH prices retreated to around $2,500, with a large sell wall of approximately 1.3 million ETH at $2,580.
Revealed: Michael Saylor's Secret Bitcoin Strategy
Ethereum Holds Steady, Facing Barriers at $2,580Currently, Ethereum is experiencing a 2.14% drop, trading at around $2,497. The price is showing resistance at $2,580 as the sell wall persists. If Ethereum breaks through this barrier, it could potentially climb to $3,000, but watch out for bears attempting to sell off at $2,435 and $2,320, as these levels have shown strong opposition.
Looking Ahead: Ethereum's Price Predictions
- Short-term: Potential for ETH to reach between $3,000 and $3,200 by August 2025, with a possibility to soar to $10,000 in the longer run.
- Medium-term: Average price of around $5,025 by the end of 2025, possibly climbing to $14,697 to $17,549 by 2028.
- Long-term: Predicted to trade between $44,746 and $54,034 by 2031, with an average of $46,373.
These predictions reflect the potential for growth driven by technological advancements, regulatory changes, and market dynamics.
Note: The opinions expressed in this article are the writer's own and do not represent the views of U.Today. Always conduct your own research before deciding to invest in any asset.
- The surge in Ethereum's price last week, reaching $2,600, can be attributed to renewed investor optimism and the major network update Pectra, appearing on the 'Crypto Corner' segment.
- Despite Ethereum's price retreating to around $2,500, a large sell wall of approximately 1.3 million ETH at $2,580 continues to persist.
- Michael Saylor's Bitcoin strategy remains a secret, as revealed in a recent article.
- Ethereum is currently showing resistance at $2,580, with a potential to climb to $3,000 if it breaks through this barrier, as stated in the 'Looking Ahead: Ethereum's Price Predictions' article.
- Short-term projections suggest Ethereum could reach between $3,000 and $3,200 by August 2025, with a possibility to soar to $10,000 in the longer run.
- Medium-term predictions forecast an average price of around $5,025 by the end of 2025, potentially climbing to $14,697 to $17,549 by 2028.
- Long-term predictions indicate Ethereum could trade between $44,746 and $54,034 by 2031, with an average of $46,373, driven by technological advancements, regulatory changes, and market dynamics.
