Ethereum (ETH) has shed nearly 16% of its value this week due to Bitcoin’s (BTC) descent from $100K on Tuesday to a retest of $92K in the late New York session on Thursday. Despite this sudden collapse in BTC  & other altcoins, whales seem to be taking advantage of this volatility to accumulate 25,000 ETH. What’s next? A market bottom and a rally or collapse in ETH’s value? Let’s explore.

Ethereum Price Today: ETH is up No data found for ethereum on 2 days ago%

Ethereum (ETH) price today trades at No data found for ethereum on 2 days ago as of No data found for ethereum on 2 days ago. Although the token showed strength at the end of 2024, it has dropped nearly 16% since Monday this week. Whales and top holders took advantage of this crash and accumulated roughly 25,000 ETH. From a daily high of No data found for ethereum on 2 days ago ETH price is down No data found for ethereum on 2 days ago% on January 12.

Ethereum Price Chart Today

Ethereum price chart today shows a recovery from $3,220 to roughly $3,260

*Ethereum price updated as of No data found for ethereum on 2 days ago.

Ethereum Whales Accumulate 25,000 ETH After Recent Crypto Market Crash

Data from Santiment shows that the supply of ETH held on exchanges dropped from 10.67 million on January 7 to $10.42 million today. Roughly 25,000 tokens were transferred off centralized platforms, which shows confidence and hints that long-term holders are forecasting a price rally. Interestingly, The same chart also shows top holders’ (other than exchanges) balance increased by 25,000, which is a clear sign of accumulation by whales

Generally, investors with more than $100,000 in capital are considered high net worth or whales. If transactions worth more than $100K spike after a rally, it can be seen as these whales looking to book profits. Hence, often, a spike in whale transaction count after a rally can be viewed as a sell signal. However, an uptick in such transfers after major crashes often indicates accumulation from these investors and markets a bottom.

During the late Thursday crash, whale transactions worth more than $100K and $1 million saw a significant increase, further adding credence to our notion of an accumulation from smart investors.

Is The Bottom In Yet?

With such strong evidence of smart money accumulation, retail investors must prepare for a potential reversal. This recovery rally and resumption of the bull run will occur if Bitcoin bottoms. As noted, the January 9 swing low at $91,151 could be the bottom. If BTC slides lower, with a bullish swing failure pattern at $90,835, it could signal that a reversal is imminent.

Hence, Ethereum could also be close to forming a stable bottom that could kickstart a bull rally.

Is Bitcon Bottom In? Most likely.

January 9’s swing low ($91,151) could be the bottom. If not, then a sweep of $90,835 with a bullish swing failure pattern could suggest that a bottom is imminent.
https://t.co/H2Spj0mvEM pic.twitter.com/ohZ0zmlIsB

— MAXPAIN (@Mangyek0) January 10, 2025

Ethereum Price Analysis and Strategic Targets For January 2025

The daily chart shows an inverse head-and-shoulder setup forming on Ethereum. This setup hints at a bullish reversal and the end of a downtrend or consolidation. It contains three distinctive bottom formations, the central one lower than the other two, denoting the head. While the one on either side of the head is termed the shoulders. Hence, the namesake.

In this case, the technical formation forecasts a 44% rally to $5,825, obtained by adding the head’s depth to the breakout point at $4,000. However, investors can expect the bull run to resume if Bitcoin ends the ongoing downtrend by forming a bottom on January 9 or 10. In such a scenario, Ethereum could go beyond $5,825 and potentially tag the $6,000 psychological level before January 2025 ends.

Some key support levels include $3,278, $3,029, $3,000 and $2,739.

While the inverse head-and-shoulder setup is bullish, it needs to finish forming even before a breakout can be considered. Hence, some key resistance levels that Ethereum price needs to overcome are $3,600, $3,843, $4,000.

Ethereum price prediction notes some strategic levels for January 2025 for investors to book profits: $4,500, $5,000, $5,500, $5,825 and $6,000.

On the other hand, a breakdown of the $3,029 support levels will invalidate the inverse head-and-shoulder setup mentioned above. Such a development could knock ETH down to $2,800 and lower levels.

In conclusion, despite Ethereum’s recent 16% drop, whales have taken advantage of the volatility to accumulate 25,000 ETH. Strong evidence suggests smart money accumulation which retail investors need to pay attention to and look for a potential reversal. The target for Ethereum in January 2025 includes a local top formation at $5,825 or $6,000.

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Ethereum (ETH) has faced much criticism from the crypto investor community due to its lackluster performance. Moreover, the Foundation has also received harsh comments from investors due to their consistent sale of ETH. Regardless, this price analysis takes a look at how much the altcoin will be worth in 2025.

Experts Predict Bottom Is In For Ethereum

According to popular crypto analyst SMFX, Ethereum has formed a “bottom.” This comment comes after a 20%  correction from December 16. He adds that a reversal could occur here that could propel ETH’s value token back to $3,450, which is his “first target.”

TrendSpider, another popular analyst, forecasts a similar reversal outlook. The recent X post notes $3,000 as a key support level that could trigger a bounce. The resistance level of $4,000 to $4,200 is the next target in this forecast.

How Much Will 1 ETH Be Worth in 2025?

The daily chart shows Ethereum is forming an inverse head-and-shoulder setup. This technical formation is bullish and forecasts a move to the upside. This setup contains three distinctive bottoms, resembling the head and shoulders, hence the namesake.

The target for this setup is obtained by measuring the head’s depth of 44% and adding it to the breakout point of $4,000. This theoretical forecasting method reveals a target of  $5,825. Investors can expect Ethereum to roughly retest the $6,000 psychological level.

If this forecast follows through, then Ethereum could hit a peak of $6,000 in 2025.

Other Ethereum Price Forecasts For 2025

However, this is not the only forecast for Ethereum. Many investors speculate a five-digit target of $10,000 that extends up to $15,000.

In a previous coinpress article, Elliot Wave analysis forecasted a target of $10,000 to $12,000.

Here are some Ethereum price predictions from some prominent investors.

• Fundstrat’s Tom Lee also forecasted a target range of $8,000 to $10,000.
• Standard Chartered’s Geoff Kendrick anticipates the altcoin reaching $12,000.
• Tim Draper is looking at $10,000 per coin.
• Finality Capital Partners’ David Grider provided a range, extending from $7,000 to $10,000.
• Benchmark Co. Stock Analyst Mark Palmer is slightly less optimistic and provides a $6,000 to $8,000 range.
• Adam Cochran: $8,000 to $12,000.
• Ryan Selkis: $5,000 to $7,000.
• CryptoKaleo: $15,000.
• TheCryptoOracle: $12,500.
• CryptoMaji: $10,500.

The average forecasted target for ETH in 2025 hovers around $10,909.

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Ethereum crashes for two days in a row, and the outlook may get dire as negative catalysts remain. ETH balances on exchanges are rising, Ethereum Foundation continues to sell, while American bond yields are surging. So, will the Ethereum price rise to $4,000 or will it crash below $3,000 soon?

Ethereum Foundation Sells ETH

On-chain data spotted by LookOnChain showed that the Ethereum Foundation continues to dump ETH. It sold 100 ETH on Wednesday, continuing a trend that started in June last year. It has now dumped 4,566 tokens valued at almost $13 million.

Insider sales are often seen as being negative since they have more details about a project than external parties like investors. Still, data shows that Ethereum Foundation still holds a substantial amount of ETH in its treasury. According to DeFi Llama, it holds over $900 million of ETH in the treasury, making it fairly bullish.

The foundation’s sales come as the number of Ethereum tokens in exchanges has continued rising in the past few weeks. Chainalysis data shows that the change in exchange balances has been in a strong uptrend after bottoming on November 24. An increase in exchange balances is a sign that investors are selling. 

All this is happening as the bond market sends worrying signals in the stock and crypto market. The 30-year yield is closing in on the psychological point at 5%, its highest level in almost two years. Other short-term yields like the 10-year and 5-year have continued rising, a sign that investors anticipate a more hawkish Fed. Ethereum and other coins tend to underperform when yields are soaring.

Ethereum Price Analysis: Triple Top Or Inverse H&S?

The three-day Ethereum price chart is sending mixed signals as it forms two diverging patterns. On the positive side, the coin is showing signs of forming an inverse head and shoulders pattern. In this case, the head of this pattern is at $2,156, while the shoulders are around the $3,000 mark. The neckline is at the $4,000 level. 

If the pattern turns into an inverse H&S, there is a likelihood that the Ethereum price will jump to $4,000, followed by an all-time high of $4,800. This bullish ETH price forecast is supported by the fact that Ether does well in the first quarter of the year. 

On the other hand, there is a risk that the coin has formed a triple-top chart pattern at around $4,085. This pattern comprises three peaks and a neckline, which, in this case, is at $2,156. As such, even if the ETH price falls to just that level, it signals a 35% crash from the current point. 

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Ethereum (ETH) price struggles around key resistance levels despite Bitcoin’s (BTC) reclaim of the $100K level. A closer look at Open Interest and momentum indicator reveals that a lack of momentum that suggest a correction could come before ETH revists $4,000 retest. 

Ethereum (ETH) Price Today

While many top altcoins bounced hard on Monday due to Bitcoin crossing $100K, ETH’s value remained relatively unchanged. Ethereum price today trades at $3,387.6 and is down -7.96% in the past 24 hours.

Why is ETH performance lackluster?

One of the main reasons for Ethereum’s lackluster performance is the lack of interested participants. This can be observed by looking at VeloData’s open interest that is declining while Ethereum price continues to creat higher highs.

A divergence of this sort indicates that shorts could be closing, which is why the price is slowing and climbing higher. For a full-fledged uptrend, there should be a combination of shorts closing and longs opening. Due to the drop in OI, investors can expect a lack of willing, bullish participants.

While the drop in OI amid rising prices is a bearish signal, the momentum is also lacking. Let’s take a look at the technical analysis to get a better understanding.

Ethereum Technical Analysis: Will ETH Reach $4,000 in January? 

With only seven days elapsed, January 2025 still has a lot to offer to both Ethereum and the rest of the crypto market. ETH could hit $4,000 if these conditions are satisfied:

1. Bitcoin is not driving the market lower.
2. Ethereum whales are not actively selling but buying. 
3. The momentum flips from bearish to bullish. 
4. Open Interest spikes to the upside.

As seen in the below chart, Ethereum price pierced the $3,539 to $3,654 resistance zone on January 3. Since then ETH has produced higher highs while the Relative Strength Index (RSI) produced lower highs. This non-conformity is termed bearish divergence and often forecasts a reversal or short-term corrections.

With a bearish short-term outlook, ETH dips could serve as a buying opportunity for long-term holders. Let’s take a look at Ethereum price targets for January 2025.

Ethereum Price Prediction For January 2025

If the bearish divergence plays out, the selling momentum could knock Ethereum price down to $3,59 and the demand zone, extending from $3,430 to $3,470. This is a good area to accumulate ETH at a discount.

A bounce after an accumulation could propel Ethereum price to recover above $3,600 and set up a higher high to confirm the start of an uptrend. In such a case, the next targets for ETH price would be $3,843 and $4,096.

Ethereum’s Long-term Outlook Remains Bullish

Despite the short-term outlook hinting at a correction, the crypto market bull run depends on Bitcoin. With BTC top likely to form in the fourth quarter of 2025, the cycle is far form over. With the same logic, Ethereum price dips could be an opportunity especially considering the lackluster performance ETH noted in 2024. Hence, the 2025 Ethereum price prediction targets stretch from $6,000 to $15,000, as noted in previous coinpress articles.

Read More: Ethereum Price Today: Next Stop For ETH Is $15,000

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As the crypto market shows signs of recovery, Ethereum price has rebounded strongly, holding support firmly at $3.5K. The renewed bullish momentum has driven ETH closer to the crucial $4K resistance, a significant test for buyers. Analysts predict substantial gains for Ethereum in 2025, fueled by growing market confidence and a broader cryptocurrency uptrend, keeping investors watchful of ETH’s next move.

Ethereum Price Set to Soar in Q1 

Crypto traders forecast a significant surge for Ethereum in the first quarter of 2025. The prediction suggests a rally in Ethereum’s value, historically linked to explosive altcoin market activity.

An analyst analyzing Ethereum’s past performance highlights patterns from Q1 in prior years. In 2017, Ethereum’s value grew by 353%, while Q1 2021 saw a staggering 1677% increase. These historical trends suggest Ethereum’s Q1 rally could trigger similar momentum across the cryptocurrency market, particularly altcoins.

The surge in Ethereum’s value stems from rising institutional interest in Ethereum spot ETFs and increased traction of ETH-based meme coins. The surge in a crypto market upswing, fueled by a surge in BTC, potentially drives Ethereum’s growth further amid heightened market enthusiasm.

Is Ethereum Price Set to Break $8K In 2025?

Another analyst has highlighted the Ethereum price potential bullish trajectory, signaling a promising wave already underway. With the analysis projecting Ethereum’s price to surpass $4,811, a long-standing target, the crypto market braces for a notable shift.

The analyst emphasizes Ethereum’s ability to breach resistance levels, igniting momentum for higher price discovery. If the $4,811 milestone is achieved, Ethereum could potentially surge further, with projections hinting at a possibility of crossing into the $8,000 range.

ETH Technical Indicators

As of the reporting, the ETH price is trading at $3,592, reflecting a marginal growth of  4%. The price is approaching a critical resistance level at $3,600, which could determine its next trajectory.

If Ethereum price prediction breaks past $3,600, the next target could be $4,000, aligning with historical resistance zones. On the downside, failure to maintain momentum may push prices back toward the $3,200 support. A breach below this level might intensify bearish sentiment, opening the path to $3,000.

Technical indicators show a bullish inclination. The Relative Strength Index (RSI) is at 69, nearing the overbought zone. A sustained move above 70 could signal potential exhaustion or a breakout confirmation. The Chaikin Money Flow (CMF) stands at 0.41, suggesting significant inflows of capital into the asset.

Ethereum’s Q1 prospects look strong, driven by institutional interest, market momentum, and technical resilience. Historical patterns and bullish signals suggest potential gains, while key resistance levels like $3,600 and $4,000 could set the stage for Ethereum’s continued rise in 2025.

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Ethereum price has started the year well as it rose for two consecutive days. Seasonality data suggests that ETH could have a great quarter with double or triple-digit gains. However, Ether will need to overcome several important barriers for this to happen. 

Seasonality Shows Ethereum Price Rises In Q1

Historical data shows that ETH price tends to experience strong gains in the first quarter. According to CoinGlass, since 2017, Ethereum price dropped just in 2018 and 2022. 

Its best first quarter happened in 2017 when it jumped by 518%. It was then followed by a 160% increase in 2021 and 59% jump in 2024. Notably, the coin’s best first quarters happened when a new president was inaugurated in the United States.

While January has been a good month for Ethereum, February has been better as the coin has averaged 17% gains since 2017. Its only February in the red was in 2018 when it dropped by 24%. 

Therefore, this historical trend signals potential gains for Ethereum price. Some potential catalysts will be regulations, potential dovish twist by the Federal Reserve, and the upcoming FTX distributions. 

However, as described below, Ethereum will need to overcome major technical challenges to have a strong performance in Q1.

ETH Price Forms A Risky Pattern On Weekly Chart

The weekly chart paints a mixed picture for Ethereum price. On the positive side, it has remained above the ascending trendline that connects the lowest levels since May 2022. It has also formed a series of higher highs in the past few years. Ethereum also remains above the Ichimoku cloud and the 50-day moving average.

However, it has also formed a risky chart pattern known as a triple-top pattern around the $4,000 level. This pattern is made up of three peaks and a neckline, which in this case, is at $2,145, the lowest point in September last year. 

As a result, this pattern means that the value of ETH will have a strong bearish breakout in Q1. If this happens, the first target would be the neckline at $2,145, which is about 40% below the current level. 

On the flip side, a move above the triple-top pattern at $4,000 will increase the odds of ETH soaring to its all-time high at $4,800, followed by $5,000. 

Ether Price Forms A Bearish Pennant on The Daily Chart

The daily chart is also sending red alerts for Ethereum price. It initially formed a double-top chart pattern at $4,096 whose neckline was at $3,535. This pattern worked out well as the coin dropped to $3,100 in December.

Now, Ethereum has retested the neckline. A break and retest is usually a sign of a continuation. The coin has then slowly formed a bearish pennant pattern. Its flag pole started at $4,100 and the triangle has been forming and is nearing the confluence level. That is a sign that the coin may make a bearish breakout soon, with the initial target being at $3,100.

Ethereum Price Targets

ETH has numerous bullish catalysts for Q1. If bulls win, and invalidate the triple-top, it means that the coin will surge and possibly reach the all-time high at $4,800 followed by $5,000.

The alternative ETH price prediction is where the triple-top pattern works well and the coin falls to below $3,000.

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For Ethereum (ETH) price to hit $5,000, it would need to rally approximately 46% from $3,450.1, where ETH currently trades. Considering that ETH shot up 71% in just 30 days starting on November 5, there is a high chance Ethereum price will hit $5,000 in the first three months of 2025.

Ethereum is up 3.06% in the past 24 hours and will likely continue this bullish outlook.

Can Ethereum Hit $5,000 in First Three Months of 2025?

As mentioned above, Ethereum price can hit $5,000 in the first three months of 2025. ETH’s historical returns show that the first quarter has yielded an average return of 82.72% in the past eight years. Therefore, if history were to repeat, then 82.72% from the current price of $3,450.1, Ethereum would be trading at roughly $6,276.

Let’s explore what technical analysis has to say about Ethereum price in the short term.

ETH Technical Analysis

From a price action perspective, Ethereum is stuck between the $3,600 and $3,000 barriers. Only a swift breakout relative to these levels will confirm the trend. To make matters worse, ETH’s value has been stuck inside a symmetrical triangle for the past two weeks.

The recent uptick in Bitcoin’s price has revived optimism after weeks of consolidation. Many top altcoins have bounced up double digits. As a result, investors are bullish and expect Ethereum to follow suit.

Ethereum Price Targets

Although the symmetrical triangle breakout direction is uncertain, let’s assume a bullish one, considering the recent recovery. A decisive daily candlestick close above the triangle’s upper limit forecasts a 12% move to $3,800. This target is the result of adding the symmetrical triangle’s 12% height to the breakout point of $3,445.

Concluding Thoughts

With a fresh start to 2025, the outlook shows promise, especially for Ethereum and altcoins. With historical returns averaging 82.72% in the first quarter of the past eight years, it is highly likely that Ethereum will unpause the consolidation and kickstart an uptrend. ETH is already up 3% on the day, and technical analysis indicate a bullish future. All of these signs suggests that Ethereum price will easily tackle the $4,000 hurdle and reach $5,000, a key psychological level, in the first three months of 2025.

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Ethereum (ETH) price today trades at $3,327.1 as of 11 PM, with the current price hovering around $3,327.1. This coinpress article complies a list of industry experts’ 2025 ETH price predictions & targets. Let’s also explore what Elliot Wave analysis forecasts for January 2025.

*Ethereum price updated as of 11 PM.

Experts Predict Ethereum Price Outlook For 2025

Venture Capitalist, Tim Draper predicts Ethereum could hit $10,000 by the end of 2025. Fundstrat’s Tom Lee echoed Draper’s outlook with an ETH price target of $8,000 to $10,000 in 2025. Lee adds, “improving fundamentals, increasing institutional interest, and growing demand for DeFi services all point to a strong year ahead for Ethereum.”

Standard Chartered’s Geoff Kendrick noted,

“Our forecast suggests Ethereum could reach $12,000 by the end of 2025. We’re seeing significant growth in Ethereum’s ecosystem, and the network’s scalability improvements will only add to its appeal.”

Based on the above Ethereum price predictions, the outlook for ETH looks massively bullish, with a consensus of five digits per ETH.

“Ethereum will moon in 2025,” said Crypto Kaleo, a popular crypto influencer.

ETH Technical Analysis & What to Expect in January 2025

From an Elliot Wave analysis standpoint, XForceGlobal adds that Ethereum is in a “bullish consolidation.” The analyst further adds that ETH is undergoing a small pullback and is unlikely to trigger a large correction. 

The expert anticipates either a triangle variation or a nested 1-2 wave, both of which are bullish from an Elliot Wave perspective. Based on this approach, once the pullback ends, it should trigger a massive run up to roughly $7,000, a new ATH.

But the experts ultimate target for Ethereum price is roughly $12,000, which is in line with the industry experts like Tom Lee & Tim Draper’s five-digit prediction.

Ethereum Price Targets For 2025

Here’s coinpress’s compilation of top experts’ Ethereum price predictions for 2025.

• Tim Draper’s price prediction for 2025: $10,000. 
• Tom Lee’s ETH price forecast for 2025: $8,000 to $10,000.
• Geoff Kendrick’s price target 2025: $12,000.
• David Grider’s ETH price prediction 2025: $7,000 to $10,000.
• Mark Palmer’s Ethereum price forecast 2025: $6,000 to $8,000.
• Adam Cochran’s ETH price target 2025: $8,000 to $12,000.
• Ryan Selkis’ Ethereum price prediction 2025: $5,000 to $7,000.
• CryptoKaleo’s Ether price forecast 2025: $15,000.
• TheCryptoOracle’s target for 2025: $12,500.
• CryptoMaji’s prediction for 2025: $10,500.

As we enter 2025, the Ethereum price predictions from top industry experts paint a bullish picture. With targets ranging from $5,000 to $15,000, the consensus is clear: Ethereum is poised for significant growth in the coming year. The average target for all these predictions hovers around $10,909.

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Ethereum’s (ETH) historical returns show that the next few days are important, and it’s primed to kickstart a massive uptrend. This outlook, combined with the massively bullish Cup-and-Handle setup, hints Ethereum price could hit $10,000 soon.

Ethereum Price to Enter ETH Season Soon

According to historical returns, Ethereum price experienced massive rallies in the first quarters. Hence, if history repeats or rhymes, ETH is due to kickstart a stellar rally in January 2025. The chart below shows the difference between Bitcoin (BTC) and Ethereum. While BTC experiences a massive uptrend in Q4 of every year, ETH’s parabolic phase lags and kickstarts in Q1.

Hence, Crypto Rover, a popular analyst, suggests that ETH Season will start in “3 days”, referring to the start of quarter 1 of 2025. This outlook is contingent that Bitcoin ends its bearish slump and triggers a rally with the start of a new year.

#Ethereum season starts in 3 days.

We're about to get incredibly rich. pic.twitter.com/9vRRdbKoNS

— Crypto Rover (@rovercrc) December 28, 2024

While history indicates a bullish outlook ahead of Ethereum price, let’s look at technicals that suggest how ETH could hit five digits as it edges closer to a breakout from a wildly bullish chart pattern.

ETH Technical Analysis: Ethereum’s Cup & Handle Pattern Forecasts $10,000 Target

ETH’s price action since October 2021 shows the formation of a massive, multi-year cup and handle pattern. This bullish pattern, as the name suggests, contains a rounded bottom termed “cup” and is followed by a minor retracement that is either in the shape of a descending parallel channel or another rounded bottom named “handle.” This technical formation also contains a resistance level that touches the cup and handle’s key swing points. A flip of this level into a support floor is key to confirming a successful breakout from the pattern.

So far, Ethereum price has attempted to break out but has been unsuccessful. But the start of the new year could provide the oomph to push through the resistance levels and trigger a rally to the upside.

Ethereum price prediction based on Cup and Handle’s theoretical forecasting methods reveals a conservative target of $6,078 and an exaggerated target of $12,480. The $6,078 target is obtained by measuring the cup’s depth from its right-most swing high and adding to the breakout point after the handle. The exaggerated target for Ethereum price easily surpasses the $10,000 psychological level and eyes $12,480.

While the technicals and historical data align and suggest a bullish outlook for Ethereum price, investors need to be careful with Bitcoin. BTC looks weak as it trades around $93K and shows signs that it could slip as low as $80K. Peter Brandt, a veteran trader, noted that it was forming a bearish head-and-shoulders setup with a theoretical target of $78K.

If bitcoin fails to stop its bleeding, it could invalidate Ethereum’s bullish outlook and potentially trigger ETH to crash to $2,600.

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Amid bearish crypto market conditions, Ethereum’s price risks a steep correction due to a spike in ETH held on crypto exchanges and an uptick in profit-taking. If this selling pressure continues to increase, ETH could drop as low as $2,600.

Let’s examine technical and on-chain analysis to determine Ethereum’s (ETH) health and what’s next.

Ethereum Price Risks Correction As 110,000 ETH Flows to Exchanges

Ethereum price has crashed 25% from its yearly high of $4,107 but has recovered to $3,358, where it currently trades. Since ETH trades between two key make-or-break hurdles at $3,613 and $3,029, there is no directional bias yet. If ETH overcomes the former hurdle, it could kickstart a rally to the upside. On the other hand, a breakdown of $3,029 could result in a crash.

Considering the supply of Ethereum held on exchanges has seen an uptick of 110,000 ETH, a potential selloff could be around the corner. Typically, an increase in ETH held on centralized platforms could be for selling, aka booking profits or as collateral. This metric increases during the cycle top as more investors want to book profits. The supply held on exchanges reduces at the bottom as investors do not look to sell and instead secure their holdings on cold wallets.

As a result, ETH prices could continue to decline in the near future.

Ethereum Whales Book Profit After Recent Crash

The Network Realized Profit/Loss indicator saw massive upticks on December 23 and 26, suggesting massive profit-taking activity from holders. Positive spikes note profit-taking and negative spikes indicate capitulation.

If NPL is negative after a crash, it indicates that investors are capitulating and is a good area to buy. On the contrary, a positive spike after a drop suggests that holders are not confident in a future rally and are expecting a further decline in Ethereum prices.

All in all, Ethereum price prediction suggests that a drop is likely. As noted, Ether needs to break the $3,029 support level to kickstart a correction that knocks it down to $2,600. Supporting this bearish outcome is ETH flooding on exchanges and profit-taking activity.

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Ethereum (ETH) shows strong signs of recovery as Bitcoin (BTC) slithered close to $100,000. However, this article explores what would happen to Ethereum price if BTC collapsed to $80,000. Can ETH still manage to retest $4,000 or will it drop lower? Let’s explore this outlook via ETH technical analysis and also by taking a look at what on-chain data shows. Are ETH whales accumulating or selling their holdings?

Ethereum Price If Bitcoin Crashes To $80,000

The four-hour chart shows that the ETH price crashed 25% since the formation of the double top on December 16. Furthermore, this drop is due to Bitcoin’s weakness and is caused by the recent crash below $100K to $95K. A high correlation between Bitcoin & Ethereum is the reason why Ethereum follows Bitcoin’s footsteps. As a result, a drop in Bitcoin to $80,000 would cause Ethereum price to crash lower as well.

The aforementioned 25% drop led by Bitcoin pushed ETH to flip the $3,539 and $3,656 support levels into resistance. Although there was a recovery bounce, lack of bullish momentum coupled with weak Bitcoin outlook, ETH rejected from $3,539, hinting that the bulls are not in control.

If this outlook continues and Bitcoin crashes to $80,000, Ethereum could easily revisit $3,000. In a worse-case scenario, Ethereum price prediction notes that ETH could revisit the $2,500 support level.

But will such a fateful crash occur for Bitcoin? What if BTC does not crash, but continues to climb higher? Let’s explore what would happen to Ethereum if Bitcoin overcomes $100,000 and restarts the bull run. Under these conditions, Ethereum price could also rally. Furthermore, on-chain metrics are showing that whales are accumulating ETH as it dropped 25% in the past week.

Whales Accumulate 240,000 ETH in a Week

Supporting this positive oultook is the accumulation of ETH done by whales holding between 10K to 100K tokens. These whales’ holdings increased from 25.02 million to 25.26 million ETH in the past week.

This massive dip-buying activity scooped 240,000 ETH worth $1.15 billion Ethereum tokens from the market and is generally a positive signal.

Ethereum’s Short-term Holders Capitulate

Based on Santiment’s 30-day MVRV indicator, which hovers around -10.72%, the short-term holders are capitulating. This indicator tracks the average profit and loss of investors who accumulated ETH in the past month and are currently sitting at an average loss of 10.72%. However, when an altcoin dips in the opportunity zone, i.e., between -10% to -20%, short-term holders capitulate, allowing long-term holders to buy the dip.

To conclude, if Bitcoin dropped to $80,000 Ethereum price could revisit the first support level at $3,000. In a worst-case scenario, ETH could crash as low as $2,500.

If we disregard Bitcoin dropping to $80,000, then Ethereum looks bullish from a technical and on-chain perspective. However, the uncertain outlook for Bitcoin price suggests that there might be an extension of the correction before BTC kickstarts a rally or slips into consolidation. Until that occurs, Ethereum price could either move sideways as a show of bulls’ strength or drop due to its high correlation with BTC. Regardless, investors must understand that the bottom is almost near.

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Ethereum’s price is still struggling to find direction as profit-taking and weak sentiment in the crypto industry continue. Still, fundamentals like rising spot ETH ETF inflows and negative exchange net flows and technicals like the MVRV indicator point to a potential rebound by January 1.

Bullish Catalysts For Ethereum Price

There are several reasons why Ethereum price will likely rebound by at least 20% in the next few days before the year ends. 

1. Spot Ethereum ETFs are seeing more investor interest.
2. Data shows that crypto exchanges are seeing Ethereum outflows. 
3. Q1 is Ethereum’s best quarter of the year.
4. Ether’s MVRV ratio has dropped to 1.8%.
5. Ether has strong technicals.

1. Spot Ethereum ETFs Are Seeing Inflows

Data by SoSoValue shows that spot Ethereum ETFs added over $130 million in assets on Monday, even as the coin retreated. These inflows partially helped offset the outflows experienced in the previous two days. Monday’s inflows brought the total inflows to over $2.46 billion, bringing the total assets to $12 billion.

2. ETH Exchange Outflows Are Rising

Data by IntoTheBlock shows that outflows from exchanges are rising, a sign that investors are accumulating the coin. The number shows that the aggregated exchange netflow dropped to 49,6k ETH, the lowest level since December 19. More accumulation could support Ethereum price recovery.

3. Q1 Is Ethereum’s Best Quarter

The other reason why the ETH price may rebound is that the first quarter is usually its best period of the year. ETH rose by 60% in Q1 of this year after soaring by 52% in the same period in 2023. Its average performance in Q1 in the last eight years was 92.75%. Therefore, there is a likelihood that the coin will rise in this anticipation.

4. ETH Price MVRV Indicator Is At 1.54%

Meanwhile, the popular Market Value to Realized Value (MVRV) indicator has dropped to 1.54. This indicator looks at an asset’s market value and compares it with the realized value. Ideally, an asset is said to be overvalued when it moves above 3.8. Therefore, with ETH’s value being at 1.54, it is a sign that the coin is still undervalued.

5. Ethereum Price Technicals Suggest a 20% Surge Is Possible

The weekly chart shows that the ETH price retreated after facing strong resistance at about $4,000, which is about 20% above the current level. Ether has remained above the 50-week moving average and the ascending trendline that connects the lowest levels since June 2022. This performance means that bulls remain in control for now.

Therefore, there are odds that the coin will rise and retest $4,080, which coincides with the overshoot level of the Murrey Math Lines (MML) and the third resistance of the Woodie pivot point. A move above that level could see ETH price hit $5,000 as we predicted.

The bullish view will become invalid if the ETH price drops below the top of the trading range of the MML and the first Woodie support at $2,812. Such a drop may see it crash to the ascending trendline at $2,500.

The post 5 Reasons Ethereum Price Can Jump 20% By Jan. 1 appeared first on coinpress.

The Fed’s FOMC meeting conclusion of fewer rate cuts in 2025 caused the crypto markets to crash. As a result, Ethereum closed 7% lower on Wednesday. Ethereum price today trades at $3,700. The four-hour chart hints at a sell signal and that a reversal could be coming for ETH due to the double-top formation. This setup is a sell signal. As the name suggests, the technical formation contains two local tops, which often leads to a reversal of the uptrend. Will Ether reverse the bull trend and trigger another double-digit correction? Let’s find out.

Ethereum Price Today: Why ETH is Down 7%?

The value of ETH dropped 7% on Wednesday after the FOMC meeting since the Fed hinted at two rate cuts in 2025. While rate cuts are dovish and trigger a market rally, fewer rate cuts of two compared to the anticipated four, has caused the speculators to interpret it in a bearish manner, leading to the sell off. 

The crash is not localized to crypto markets as even the traditional markets felt the effect of this decision. The S&P500 closed Wednesday 2.90% lower, losing 175.48 points. 

Sell Signals Emerge

Due to the FOMC-induced crypto market crash, Ethereum price has formed a double-top on the four-hour chart. This technical formation is a sell signal and hints at a reversal of the uptrend. So far, Ethereum has shot up 11% in December and set up the 2024 high at $4,111. But the recent 14% crash has pushed it down to $3,583, completing the double-top formation.

A breakdown below the $3,656 and $3,539 support levels will confirm a successful breakout from the double top setup. In such a case, ETH could drop 13% lower to $3,080.

On the other hand, if bulls make a strong comeback, leading to a bounce from $3,656, the double top formation could come undone. For this to happen, Ethereum price needs to overcome $4,111 and flip it into a support floor. Such a development will invalidate the sell signal and propel Ethereum price higher, preferably to a new ATH of $5,000.

Investors Send 190,000 ETH Out of Exchanges

According to data from Santiment, the supply of ETH held on exchanges dropped from 10.80 million on December 16 to 10.61 million as of December 19. This drop shows that nearly 190,000 ETH worth $7 billion have left the centralized platforms.

A decline in supply is viewed as bullish as investors are confident enough to not keep their tokens on hot wallets like exchanges, where tokens can be sold quickly in times of panic. Hence, these investors are confident in the performance of Ethereum in the near-future and don’t plan on selling ETH.

What’s Next For Ethereum?

If Ethereum price bounces off $3,500 to $3,600 support levels and overcomes $4,000, it could embark on a rally to revisit the ATH at $4,878. In some cases, Ethereum price prediction hints it could even touch a new ATH.

However, if Bitcoin crashes, it could be difficult for ETH to maintain its standing. In such a case, a breakdown of $3,500 support level could trigger another double-digit crash to $3,100 or $3,000.

The post Ethereum (ETH) Price Prediction For December 19: Sell Signals Emerge appeared first on coinpress.

Ethereum price today trades at $3,651.4 as of 11 PM. The drop comes after ETH hit a daily high of $3,900.4 after -5.75% move on January 12.

Why is Ethereum Price Today is Down?

As noted in a pervious coinpress article, Ethereum price is facing a tough hurdle as it trades inside parallel channel. The midpoint of this pattern has prevented ETH from going higher for the past five days. Still, Ether continues to trade around $4,000 supported by the $3,900 level. As long as this barrier holds a further crash is unlikely.

How will this drop impact Ether prices? Let’s find out.

Ethereum Price Chart Today

*Ethereum price updated as of 11 PM.

Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024.

Ethereum Price Forecast

ETH’s year-to-date (YTD) performance continues to increase and currently sits at 75.29%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $440.0 billion, after Bitcoin’s $2 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap.

In addition to a massive market cap, Ethereum’s 24-hour trading volume sits at $50.4 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $50.4 billion. Binance is the largest contributor to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, and ByBit follow Binance.

Ethereum Blockchain’s Proof-of-Stake Technology

The London hard fork is a significant Ethereum blockchain upgrade. It changed the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin recently shared his thoughts on X (formerly Twitter). He explained how Proof-of-Stake (PoS) is more decentralized than Proof-of-Work (PoW).

Key Ethereum Blockchain Upgrades

Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.

• Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.

• Shanghai-Capella (“Shapella”): Enabled the withdrawal of staked Ether (ETH), marking a significant milestone in Ethereum’s transition to a Proof-of-Stake (PoS) consensus algorithm.

• Paris (The Merge): Successfully transitioned Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus algorithm, reducing energy consumption and increasing security.

• Bellatrix: Prepared the Ethereum network for The Merge by introducing the necessary PoS consensus logic.

• Gray Glacier: Delayed the “difficulty bomb” that would have slowed down the network, ensuring a smooth transition to PoS.

• Arrow Glacier: Delayed the “difficulty bomb” again, providing more time for the transition to PoS.

• Altair: Introduced several improvements to the Beacon Chain, including better validator incentives and enhanced security.

• London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.

• Berlin: Introduced several protocol upgrades, including improved gas efficiency and enhanced security features.

• Beacon Chain genesis: Launched the Beacon Chain, marking the beginning of Ethereum’s transition to PoS.

• Staking deposit contract deployed: Enabled users to deposit ETH and participate in the PoS consensus algorithm.

ETH Gas’ Effect on Ether Prices

The blockchain upgrades Ethereum receives aim to solve the trilemma of blockchain, i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Ethereum’s transaction fees (gas fees) plummeted post-upgrade, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.

As of January 12, the gas fee for a transaction on the ETH network as of 11 PM is 12 Gwei.

When Ethereum’s on-chain value grows, presenting opportunities, investors flock, driving gas fees up. This typically occurs during market upswings, peaking at all-time highs.

The post Ethereum Price Crashes 4%, ETH Trades Today at $4,020.7 appeared first on coinpress.

Ethereum price today trades at $3,861.5 as of 11 PM. The drop comes after ETH hit a daily high of $4,039.2 after -3.22% move on January 12.

Ethereum Price Today Trades at $3,861.5

Ethereum price continues to hover below the parallel channel’s midpoint as noted in a previous article. After facing rejection twice in the past five days, ETH continues to remain optimistic due to the stability of the $3,900 support level. As long as this support holds, ETH’s chances of continuing the uptrend improve.

Data from IntoTheBlock supports this bullish outlook and shows that 92% of ETH holders are in the money, while 3% are at breakeven and the remaining 2% are out of the money.

Ethereum Price Chart Today

*Ethereum price updated as of 11 PM.

Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024.

Ethereum Price Outlook

ETH’s year-to-date (YTD) performance continues to increase and currently sits at 75.29%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $465.7 billion, after Bitcoin’s $2 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap.

In addition to a massive market cap, Ethereum’s 24-hour trading volume sits at $35.1 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $35.1 billion. Binance is the largest contributor to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, and ByBit follow Binance.

Ethereum Blockchain Runs on Proof-of-Stake Technology

The London hard fork is a significant Ethereum blockchain upgrade. It changed the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin recently shared his thoughts on X (formerly Twitter). He explained how Proof-of-Stake (PoS) is more decentralized than Proof-of-Work (PoW).

Important Upgrades to Ethereum Blockchain

Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.

• Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.

• Shanghai-Capella (“Shapella”): Enabled the withdrawal of staked Ether (ETH), marking a significant milestone in Ethereum’s transition to a Proof-of-Stake (PoS) consensus algorithm.

• Paris (The Merge): Successfully transitioned Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus algorithm, reducing energy consumption and increasing security.

• Bellatrix: Prepared the Ethereum network for The Merge by introducing the necessary PoS consensus logic.

• Gray Glacier: Delayed the “difficulty bomb” that would have slowed down the network, ensuring a smooth transition to PoS.

• Arrow Glacier: Delayed the “difficulty bomb” again, providing more time for the transition to PoS.

• Altair: Introduced several improvements to the Beacon Chain, including better validator incentives and enhanced security.

• London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.

• Berlin: Introduced several protocol upgrades, including improved gas efficiency and enhanced security features.

• Beacon Chain genesis: Launched the Beacon Chain, marking the beginning of Ethereum’s transition to PoS.

• Staking deposit contract deployed: Enabled users to deposit ETH and participate in the PoS consensus algorithm.

ETH Gas’ Effect on Ether Prices

The blockchain upgrades Ethereum receives aim to solve the trilemma of blockchain, i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Ethereum’s transaction fees (gas fees) plummeted post-upgrade, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.

As of January 12, the gas fee for a transaction on the ETH network as of 11 PM is 12 Gwei.

When Ethereum’s on-chain value grows, presenting opportunities, investors flock, driving gas fees up. This typically occurs during market upswings, peaking at all-time highs.

The post Ethereum Price Today: ETH is trading at $4,002 appeared first on coinpress.

Ethereum price today trades at $3,989.0 as of 11 PM. The drop comes after ETH hit a daily high of $4,081.8 after 0.96% move on January 12.

Ethereum Price Today is Up As ETH Trades at $3,989.0

As noted in a pervious coinpress article, Ethereum price rejected from the parallel channel’s midpoint twice in the past four days. But the $3,900 support level holds, preventing a further crash. As this price action unfolds, on-chain analysis of ETH holders reveals that 92% are in the money, while 3% are at breakeven and the remaining 2% are out of the money.

How will this impact Ether prices in the short-term? Will ETH continue its uptrend or crash lower? Let’s find out.

Ethereum Price Chart Today

*Ethereum price updated as of 11 PM.

Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024.

Ethereum Price Outlook

ETH’s year-to-date (YTD) performance continues to increase and currently sits at 75.29%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $480.7 billion, after Bitcoin’s $2 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap.

In addition to a massive market cap, Ethereum’s 24-hour trading volume sits at $50.9 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $50.9 billion. Binance is the largest contributor to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, and ByBit follow Binance.

Ethereum Blockchain Runs on Proof-of-Stake Technology

The London hard fork is a significant Ethereum blockchain upgrade. It changed the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin recently shared his thoughts on X (formerly Twitter). He explained how Proof-of-Stake (PoS) is more decentralized than Proof-of-Work (PoW).

Important Upgrades to Ethereum Blockchain

Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.

• Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.

• Shanghai-Capella (“Shapella”): Enabled the withdrawal of staked Ether (ETH), marking a significant milestone in Ethereum’s transition to a Proof-of-Stake (PoS) consensus algorithm.

• Paris (The Merge): Successfully transitioned Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus algorithm, reducing energy consumption and increasing security.

• Bellatrix: Prepared the Ethereum network for The Merge by introducing the necessary PoS consensus logic.

• Gray Glacier: Delayed the “difficulty bomb” that would have slowed down the network, ensuring a smooth transition to PoS.

• Arrow Glacier: Delayed the “difficulty bomb” again, providing more time for the transition to PoS.

• Altair: Introduced several improvements to the Beacon Chain, including better validator incentives and enhanced security.

• London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.

• Berlin: Introduced several protocol upgrades, including improved gas efficiency and enhanced security features.

• Beacon Chain genesis: Launched the Beacon Chain, marking the beginning of Ethereum’s transition to PoS.

• Staking deposit contract deployed: Enabled users to deposit ETH and participate in the PoS consensus algorithm.

ETH Gas’ Effect on Ether Prices

The blockchain upgrades Ethereum receives aim to solve the trilemma of blockchain, i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Ethereum’s transaction fees (gas fees) plummeted post-upgrade, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.

As of January 12, the gas fee for a transaction on the ETH network as of 11 PM is 12 Gwei.

When Ethereum’s on-chain value grows, presenting opportunities, investors flock, driving gas fees up. This typically occurs during market upswings, peaking at all-time highs.

The post Ethereum Price Today As 92% ETH Holders Are Profitable appeared first on coinpress.

Ethereum price today trades at $3,871.7 as of 11 PM. The drop comes after ETH hit a daily high of $3,944.4 after -0.79% move on January 12.

Ethereum Price Today: Why is ETH down?

Ethereum price faces rejection from the parallel channel’s midpoint. This weakness can be attributed to Bitcoin’s recent slump, which has affected altcoins, include ETH. Additionally, the end of the week is often leads to a drop in volume and liquidity.

Will Ether bounce or drop lower? Let’s explore.

Ethereum Price Chart Today

*Ethereum price updated as of 11 PM.

Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024.

Ethereum Price Forecast & Outlook

ETH’s year-to-date (YTD) performance continues to increase and currently sits at 75.29%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $466.8 billion, after Bitcoin’s $1.95 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap.

In addition to a massive market cap, Ethereum’s 24-hour trading volume sits at $28.6 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $28.6 billion. Binance is the largest contributor to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, and ByBit follow Binance.

Ethereum’s Proof-of-Stake Technology

The London hard fork is a significant Ethereum blockchain upgrade. It changed the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin recently shared his thoughts on X (formerly Twitter). He explained how Proof-of-Stake (PoS) is more decentralized than Proof-of-Work (PoW).

Important Upgrades to Ethereum Blockchain

Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.

• Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.

• Shanghai-Capella (“Shapella”): Enabled the withdrawal of staked Ether (ETH), marking a significant milestone in Ethereum’s transition to a Proof-of-Stake (PoS) consensus algorithm.

• Paris (The Merge): Successfully transitioned Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus algorithm, reducing energy consumption and increasing security.

• Bellatrix: Prepared the Ethereum network for The Merge by introducing the necessary PoS consensus logic.

• Gray Glacier: Delayed the “difficulty bomb” that would have slowed down the network, ensuring a smooth transition to PoS.

• Arrow Glacier: Delayed the “difficulty bomb” again, providing more time for the transition to PoS.

• Altair: Introduced several improvements to the Beacon Chain, including better validator incentives and enhanced security.

• London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.

• Berlin: Introduced several protocol upgrades, including improved gas efficiency and enhanced security features.

• Beacon Chain genesis: Launched the Beacon Chain, marking the beginning of Ethereum’s transition to PoS.

• Staking deposit contract deployed: Enabled users to deposit ETH and participate in the PoS consensus algorithm.

ETH Gas’ Effect on Ether Prices

The blockchain upgrades Ethereum receives aim to solve the trilemma of blockchain, i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Ethereum’s transaction fees (gas fees) plummeted post-upgrade, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.

As of January 12, the gas fee for a transaction on the ETH network as of 11 PM is 14 Gwei.

When Ethereum’s on-chain value grows, presenting opportunities, investors flock, driving gas fees up. This typically occurs during market upswings, peaking at all-time highs.

The post Ethereum Price Today: ETH is Down 1% But Whales Accumulate appeared first on coinpress.

Ethereum price today trades at $3,902.5 as of 11 PM. The drop comes after ETH hit a daily high of $3,965.9 after 0.84% move on January 12.

Ethereum Price Today: Can ETH Hit Five Digits?

Ethereum price continues to hover around $4,000, showing strength while many altcoins fumble. A popular analyst forecasts that the next stop for ETH is $15,000. Let’s explore.

Ethereum Price Chart Today

*Ethereum price updated as of 11 PM.

Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024.

Ethereum Price Forecast & Outlook

ETH’s year-to-date (YTD) performance continues to increase and currently sits at 75.29%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $470.3 billion, after Bitcoin’s $1.95 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap.

In addition to a massive market cap, Ethereum’s 24-hour trading volume sits at $35.8 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $35.8 billion. Binance is the largest contributor to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, and ByBit follow Binance.

Ethereum’s Proof-of-Stake Technology

The London hard fork is a significant Ethereum blockchain upgrade. It changed the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin recently shared his thoughts on X (formerly Twitter). He explained how Proof-of-Stake (PoS) is more decentralized than Proof-of-Work (PoW).

Important Upgrades to Ethereum Blockchain

Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.

• Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.

• Shanghai-Capella (“Shapella”): Enabled the withdrawal of staked Ether (ETH), marking a significant milestone in Ethereum’s transition to a Proof-of-Stake (PoS) consensus algorithm.

• Paris (The Merge): Successfully transitioned Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus algorithm, reducing energy consumption and increasing security.

• Bellatrix: Prepared the Ethereum network for The Merge by introducing the necessary PoS consensus logic.

• Gray Glacier: Delayed the “difficulty bomb” that would have slowed down the network, ensuring a smooth transition to PoS.

• Arrow Glacier: Delayed the “difficulty bomb” again, providing more time for the transition to PoS.

• Altair: Introduced several improvements to the Beacon Chain, including better validator incentives and enhanced security.

• London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.

• Berlin: Introduced several protocol upgrades, including improved gas efficiency and enhanced security features.

• Beacon Chain genesis: Launched the Beacon Chain, marking the beginning of Ethereum’s transition to PoS.

• Staking deposit contract deployed: Enabled users to deposit ETH and participate in the PoS consensus algorithm.

ETH Gas’ Effect on Ether Prices

The blockchain upgrades Ethereum receives aim to solve the trilemma of blockchain, i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Ethereum’s transaction fees (gas fees) plummeted post-upgrade, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.

As of January 12, the gas fee for a transaction on the ETH network as of 11 PM is 14 Gwei.

When Ethereum’s on-chain value grows, presenting opportunities, investors flock, driving gas fees up. This typically occurs during market upswings, peaking at all-time highs.

The post Ethereum Price Today: Next Stop For ETH Is $15,000 appeared first on coinpress.

Ethereum price trades today at $3,873.9 as of 11 PM. ETH hit a daily high of $3,985.4 after 0.92% move on January 12.

Ethereum Price Today: What’s Next After $4,000?

The daily chart shows Ethereum price today is hovering around $4,000 and looks ready to shoot higher. witnessed on December 5 and 10 are done. Going forward,  investors can ignore ETH’s bearish divergence sell signal and expect it ti climb higher. In fact, technicals suggest Ethereum price could be setting the stage to set a new ATH above $5,000.

Ethereum Price Chart Today

*Ethereum price updated as of 11 PM.

Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024.

Ethereum Price Outlook

ETH’s year-to-date (YTD) performance continues to increase and currently sits at 75.29%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11.

Ethereum: The Second-Largest Crypto By Market Cap

Ethereum ranks second in market capitalization, valued at $466.7 billion, after Bitcoin’s $1.95 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap.

In addition to a massive market cap, Ethereum’s 24-hour trading volume sits at $47.2 billion.

Ethereum’s Crypto Trading Volume Soars

The 24-hour trading volume of Ethereum is $47.2 billion. Binance is the largest contributor to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, and ByBit follow Binance.

Ethereum’s Proof-of-Stake Technology

The London hard fork is a significant Ethereum blockchain upgrade. It changed the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin recently shared his thoughts on X (formerly Twitter). He explained how Proof-of-Stake (PoS) is more decentralized than Proof-of-Work (PoW).

Notable Upgrades to Ethereum Blockchain

Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization.

• Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.

• Shanghai-Capella (“Shapella”): Enabled the withdrawal of staked Ether (ETH), marking a significant milestone in Ethereum’s transition to a Proof-of-Stake (PoS) consensus algorithm.

• Paris (The Merge): Successfully transitioned Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus algorithm, reducing energy consumption and increasing security.

• Bellatrix: Prepared the Ethereum network for The Merge by introducing the necessary PoS consensus logic.

• Gray Glacier: Delayed the “difficulty bomb” that would have slowed down the network, ensuring a smooth transition to PoS.

• Arrow Glacier: Delayed the “difficulty bomb” again, providing more time for the transition to PoS.

• Altair: Introduced several improvements to the Beacon Chain, including better validator incentives and enhanced security.

• London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.

• Berlin: Introduced several protocol upgrades, including improved gas efficiency and enhanced security features.

• Beacon Chain genesis: Launched the Beacon Chain, marking the beginning of Ethereum’s transition to PoS.

• Staking deposit contract deployed: Enabled users to deposit ETH and participate in the PoS consensus algorithm.

ETH Gas & Its Impact on Ether Prices

The blockchain upgrades Ethereum receives aim to solve the trilemma of blockchain, i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Ethereum’s transaction fees (gas fees) plummeted post-upgrade, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions.

As of January 12, the gas fee for a transaction on the ETH network as of 11 PM is 14 Gwei.

When Ethereum’s on-chain value grows, presenting opportunities, investors flock, driving gas fees up. This typically occurs during market upswings, peaking at all-time highs.

The post Ethereum Price Today: Forecasting ETH’s Next ATH appeared first on coinpress.

After Bitcoin’s December 10 crash altcoins took a massive hit. However, Ethereum showed strength and has already began its recovery. This move contrasts ETH’s majority of 2024 performance. But three signs have emerged that suggest Ethereum price’s recent rally to $4,000 is just the beginning and that it could trigger its next leg and tag $5,000.

Key Signals That Hint Ethereum Price Could Explode

A closer look at Ethereum’s network shows that it is seeing strong user activity as the altcoin season continues. Data shows that the network growth and the number of active addresses have continued to rise in the past few months. Despite the recent Bitcoin crash, Ethereum’s price and its investors remain unfazed. This is the first sign that ETH is bound to go higher. Furthermore, a spike in Network Growth suggests new addresses are joining the network, which in turn means that fresh capital is flowing to the network. Hence, an uptrend is highly likely.

Further, on-chain metrics show that whales have continued buying Ethereum in the past few weeks. Data shows that wallets holding between 1k and 10k ETH coins have increased from 13.2 million to 14.23 million. 

Similarly, those holding between 10k and 100k have increased their holdings from 24.87 million to 24.97 million. Purchases by whales is a sign that they are confident that the coin has more upside to go. Remember that some of these whales have held the coin for over a decade and have seen it rise from less than $5o to almost $4,000 today.

Third, after a lackluster reception by Wall Street, there are signs that investors have started to buy spot Ethereum ETFs. Data shows that these funds have had inflows in the last three consecutive weeks, bringing the total net assets to $12.46 billion. 

The cumulative inflows stand at over $1.8 billion, a figure that may continue growing. One potential catalyst is that the SEC may approve staking of these ETFs, which will attract more capital. 

Technical Analysis: Ethereum Price Eyes $5,000

Technicals suggest that Ethereum price has more upside to go in the near term. The weekly chart shows that the coin has faced some resistance at $4,073. It has failed to move above that price three times since March this year. A clean break above that level will raise the possibility of the ETH price rising to its all-time high of $4,858.

Looking back, there are signs that Ethereum price is forming a long-term cup and handle pattern whose upper side is at $4,858. The depth of this cup is about 82%, meaning that the coin may ultimately rally to $8.845 in the longer term. 

The other bullish case is that ETH price has recently completed the fourth phase of the Elliot Wave pattern. The fifth wave is often bullish for an asset.

On the flip side, a drop below the support at $2,132 will invalidate the bullish view. This was an important price since it was its lowest level in August. A drop below that level risks it dropping to $1000.

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