Close Menu
    Ethereum

    Ether’s price climbs 25% since 2024, could surge following Bitcoin’s rise according to experts

    By No Comments3 Mins Read
    gym up, Ethereum, Eth, competition, horizontal bar, sport, pull up, Ethereum price, growth, increase, upwards, price rise, up

    30s Summary

    Ether has seen nearly 25% price increase since 2024, and experts believe it could skyrocket after Bitcoin’s recent surge. A post by crypto trader Byzantine General suggests Ether is set to take off. Crypto analysts Miles Deutscher and Benjamin Cowen also vouch for Ether’s strong performance. Cowen suggests Ether’s value against Bitcoin might have bottomed out. Meanwhile, 10T Holdings founder Dan Tapiero predicts that Ether will be worth over $8,000 in the next year. The State of Michigan Retirement System’s recent investment in Ether exchange-traded funds (ETFs) also hints at Ether’s growing popularity.

    Full Article

    Ether has seen a nearly 25% increase in its price since the start of 2024, but experts reckon it’s still a bargain and could be about to skyrocket following Bitcoin’s surge past its all-time high recently.

    A web-based crypto trader who calls himself the Byzantine General reckons that Ether could be getting ready to take off big time, according to a post he made on Nov. 6.

    Since then, Ether’s price has risen just under 10%, and it’s now trading at $2,846. This is the first time it’s gone beyond the $2,800 mark since August, which has taken a few traders by surprise.

    Crypto analyst Miles Deutscher made a post too, saying that Ether is doing better than both Bitcoin and Solana over a 24-hour period.

    Different crypto analyst, Benjamin Cowen, explained to his large online following that Ethereum’s value against Bitcoin might have already hit its lowest. He thinks that if the ETH/BTC ratio can rise above the Simple Moving Average (SMA), there’s a big chance it has bottomed out.

    Ever since Nov. 5, the ETH/BTC ratio went up by over 5% and reached 0.038 after hitting “new multi-year lows” at 0.03496. When the ETH/BTC ratio gets low, traders reckon a surge might be on its way and see the asset as possibly being a good buy.

    A crypto trader named Ryandcrypto believes the Ether “rally to $5,000 is going to be the most hated rally of all time.”

    Dan Tapiero, the founder of 10T Holdings, and who believes Bitcoin will hit $100,000, thinks Ether is way too cheap right now. He believes Ether will explode and be worth over $8,000 in the next year.

    Moreover, there are signs that Ether is becoming even more popular. Recently, it was reported that the State of Michigan Retirement System has invested in Ether exchange-traded funds (ETFs). On Nov. 4, the pension fund stated in an SEC filing that it holds 460,000 shares of the Grayscale Ethereum Trust and the same number of shares of the Ethereum Mini Trust.

    Despite all the speculation and excitement, this article is not meant as investment advice or recommendations. There’s always a risk with trading and investments, so it’s important to do your own research before making a decision.

    Related Posts