{"id":66163,"date":"2023-12-04T03:20:28","date_gmt":"2023-12-04T07:20:28","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=66163"},"modified":"2023-12-04T03:21:07","modified_gmt":"2023-12-04T07:21:07","slug":"ethereum-price-surges-past-2200-sets-sights-on-3500","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ethereum-price-surges-past-2200-sets-sights-on-3500\/","title":{"rendered":"Ethereum Price\u00a0Surges Past $2,200, Sets Sights on $3,500"},"content":{"rendered":"\n

A robust technical chart breach positions Ethereum<\/a> for an additional 60% price increase from its current levels.<\/p>\n\n\n\n

\"Ethereum<\/figure>\n\n\n\n

Ethereum (ETH), the second-largest cryptocurrency in the world, joins the Bitcoin market upswing above $40,000.<\/p>\n\n\n\n

At press time, ETH is trading 2.54% higher at $2,212 with a market cap of $266 billion.<\/p>\n\n\n\n

With this action, ETH has increased its weekly gains to over 9%.<\/p>\n\n\n\n

Ethereum Mega Rally to $3,500?<\/h2>\n\n\n\n

In light of its recent breakout above $2,200, reports indicate that Ethereum's mega price increase will continue going ahead.<\/p>\n\n\n\n

Ali Martinez, a renowned crypto\u00a0analyst, suggests\u00a0that the present Ethereum (ETH) price surge\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> exceeding $2,000 signifies a potentially favorable moment to purchase.<\/p>\n\n\n\n

Martinez cites information from IntoTheBlock indicating that 5.85 million wallets acquired a significant quantity of tokens, specifically 43.8 million ETH, for a price range of $1,900 to $2,100.<\/p>\n\n\n\n

\"Ethereum
Courtesy:\u00a0Ali Charts<\/figcaption><\/figure>\n\n\n\n

Based on this information, Martinez hypothesizes that this specific price range could develop into a substantial Ethereum support level in the coming years.<\/p>\n\n\n\n

Therefore, Martinez argues that investors might still have time to contemplate investing in the Ethereum market.<\/p>\n\n\n\n

Crypto analyst Ali Martinez predicts that Ethereum (ETH) will experience a positive trend in the future if it maintains a weekly candlestick close above $2,150.<\/p>\n\n\n\n

Martinez anticipates that the price of ETH could experience a thrilling uptrend under such conditions.<\/p>\n\n\n\n

\"Ethereum
Courtesy: Ali Charts<\/figcaption><\/figure>\n\n\n\n

Martinez outlines precise objectives for Ethereum, positing that the digital currency might ascend to $2,600, potentially surpassing that threshold and ascending to $3,500.<\/p>\n\n\n\n

Additionally, this analysis indicates a positive trajectory for Ethereum in the foreseeable future.<\/p>\n\n\n\n

What Happens to the ETH Price In December?<\/h2>\n\n\n\n

The recent advance in the price of Ethereum surpassed the critical resistance level of $2,133, suggesting that buyers may continue to propel the cryptocurrency higher.<\/p>\n\n\n\n

Despite a slight intraday decline of 0.5%, the possibility of a retest of the resistance level that was previously surpassed remains significant.<\/p>\n\n\n\n

The buyer's capacity to sustain elevated price levels could be validated by confirming this level as new support.<\/p>\n\n\n\n

Upon conducting a long-term comparative analysis between\u00a0Bitcoin and Ethereum<\/a>, it becomes apparent that both cryptocurrencies have gained substantial momentum since mid-October.<\/p>\n\n\n\n

Bitcoin's price recovery is particularly noteworthy, as it demonstrates a more resilient performance characterized by a consistent trend of attaining elevated highs and lows.<\/p>\n\n\n\n

In contrast, according to the most recent sustainability report, the Ethereum blockchain has achieved significant advancements while drastically reducing its energy consumption by an astounding 99%.<\/p>\n","protected":false},"excerpt":{"rendered":"

A robust technical chart breach positions Ethereum for an additional 60% price increase from its current levels. Ethereum (ETH), the second-largest cryptocurrency in the world, joins the Bitcoin market upswing above $40,000. At press time, ETH is trading 2.54% higher at $2,212 with a market cap of $266 billion. With this action, ETH has increased its […]<\/p>\n","protected":false},"author":56,"featured_media":66171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,26,23],"tags":[5392,17450,17451,128,16884,17452],"class_list":["post-66163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-cryptocurrencies","category-ethereum-news","tag-cryptocurrency-2","tag-eth-price-rally","tag-eth-price-target","tag-ethereum","tag-ethereum-price-analysis","tag-ethereum-price-recovery"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/0x0-1.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/66163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=66163"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/66163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/66171"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=66163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=66163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=66163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}