Analysts are predicting that Ether's price could reach $3,000 in the fourth quarter of 2024. Current market conditions indicate that the significant level to watch is $2,700.
Ether Price Forecast for 2024
According to crypto analyst Poseidon, Ether's price may break above the psychological mark of $3,000. In an Aug. 28 X post, Poseidon noted: > "Followed the plan, and my longs filled sub $2500. The price tested daily demand, cleaned equal lows and reclaimed back above it. Still early to talk but everything is looking good to send it above $3k." (CITE_W_A)
Can Ether Overcome $2.7K Resistance?
Ether holds significant resistance around the $2,700 mark. Aurélie Barthere, principal research analyst at Nansen onchain analytics platform, told Cointelegraph: > "$2.7k is the next resistance level for ETH, and there is not enough evidence that it is broken yet. Because price did not hold above this resistance for long enough and with enough volume." (CITE_W_A)
Analysts' Opinions
Analysts from various corners of the crypto market are sharing their thoughts on Ether's future price. Analyst Elja Boom believes that a price breakout for Ether is possible no earlier than the fourth quarter of 2024. In an Aug. 28 X post, he noted: > "ETH is still trading above EMA 50 support level. Price capitulation has happened. Now, the boring phase is going on where price keeps trading within a certain range. I'm still convinced of no breakout before Q4." (CITE_W_A)
Thus, analysts suggest that a surge in Ether's price to $3,000 might be possible no earlier than the fourth quarter, subject to overcoming the significant resistance at $2,700. Future market movements require careful observation and analysis.
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