Over the past week, Ethereum‘s price has decreased by 13.34%. This dip brought it below the psychological threshold of $3000. However, the support at this level was quite strong, allowing it to recover. The question remains whether Ethereum will manage to rise again?
Ethereum herstelt na daling onder $3000
Despite Ethereum reaching a high of $4,000 in December, it dipped slightly below the support level of $2962 yesterday. This drop, which began when Ethereum was trading at $3329, can be attributed to whale activity surrounding the altcoin. For instance, a whale sold an impressive 10,070 ETH worth approximately $33 million.
Whales are dumping $ETH at a loss!
Approximately 9 hours ago, it appears that three wallets (possibly linked to a single large investor, or “whale”) transferred 10,070 Ether for approximately 33 million Dai at a rate of around $3,280 each, incurring a loss of about $1 million.
24,029 Ether (worth approximately 81.3 million dollars) was taken out of Binance by a whale using ten fresh wallets around three weeks back. At the present moment, this whale possesses about 13,959 Ether (equivalent to roughly 45.48 million dollars).
— Lookonchain (@lookonchain) January 13, 2025
Op het moment van schrijven, zien we dat de koers herstelt is en op $3203,21 handelt.
When a cryptocurrency experiences an uptick after struggling with a support level, it is often Ethereum investors who are increasing their positions. This can be observed through the fact that the price increased, but open interest decreased by 4.72% over the past 24 hours. The trading volume was relatively high, rising by 113% to reach $66 billion.
Successfully maintaining levels above support is achieved, but to rise further, it requires attracting new investors. The current recovery might help regrow trust in Ethereum again.
Ethereum koers analyse
Currently, Ethereum is trading at $3203.21 and if it maintains its current momentum, it may soon encounter resistance at the level of $3289.31. This level proved challenging to surpass in January, but if it manages to do so, the next resistance level will be at $3415.10.
The support level at $2962.17 appears quite strong, but if it were to drop, the next support level would be around $2682. This is a level similar to the price immediately following the US election results.
Gaat Ethereum nog stijgen?
Ethereum currently holds the second-largest market capitalization at approximately $383.3 billion, but it has a modest track record up to 2024. Many had hoped that this altcoin would demonstrate in 2025 why it is considered a leader among altcoins, but achieving this seems easier said than done.
As a crypto investor, I believe there might be a substantial growth in the crypto market around Trump’s inauguration. If he swiftly implements his pro-crypto policies, it could have a positive impact on cryptocurrency, particularly in the long run.
Alternatieven voor Ethereum
In these uncertain times for Ethereum, there’s a possibility that we might be on the brink of another altcoin season where Ethereum could potentially lead the pack. However, during such unpredictable periods, it’s always wise to diversify your portfolio. For those daring enough to take a risk and invest in a new cryptocurrency, exploring a crypto presale could be an option. These are yet-to-be-known cryptocurrencies, but some have the potential to become quite popular. Let’s briefly discuss three of them.
In my analysis, I find myself considering these lesser-known cryptos as they might gain traction in the near future.
Wall Street Pepe ($WEPE)
As an analyst, I’ve observed Ethereum demonstrating how whales can influence the market, and Wall Street Pepe ($WEPE) has created an environment where the WEPE Army unites against the giant crypto whales. Members of this community are granted exclusive trading insights, and they collaborate on the best trading strategies among themselves. The goal of this collaboration: to become wealthy together.
The strength of Wepe is in every hand that holds it.
— Wall Street Pepe (@WEPEToken) January 13, 2025
As an analyst, I can acquire membership in the WEPE Army by obtaining $WEPE tokens. Currently, each token costs approximately $0.00036647, but be aware as tomorrow’s price is expected to rise. This project has already amassed over $47.7 million during its presale, which is a highly impressive achievement for a meme coin presale.
Nu naar Wall Street Pepe
Solaxy ($SOLX)
Solaxy ($SOLX) is the first meme coin to build its own Layer-2 on the Solana network. By having its own blockchain, Solaxy avoids issues on the main network and offers fast transaction speeds and low transaction fees as a result.
At present, Solana is the sixth largest cryptocurrency in terms of market capitalization, but it occasionally experiences issues such as stoppages. Solaxy assists Solana by bundling transactions using an L2 solution and then directing these bundles to Solana. The project has already raised more than $10 million and you can join the project for $0.0016 per token at the moment.
Nu naar Solaxy
Best Wallet Token ($BEST)
The innovative cryptocurrency token, $BEST, is developed by the new crypto wallet, Best Wallet. This user-friendly wallet, secured with Fireblocks MPC-CMP technology, is designed for mobile usage. Best Wallet features its own decentralized exchange, Best DEX, and also plans to issue a physical debit card, BEST Card, enabling users to make payments in the real world using cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). With ambitious plans, Best Wallet is also planning an airdrop.
Join the Best Wallet Airdrop!
Using the Best Wallet makes it simple to earn rewards. Finish everyday jobs, embark on fresh adventures, and see your BEST balance increase.
No waiting, no fuss – just rewards!
Join now
— Best Wallet (@BestWalletHQ) January 14, 2025
As an analyst, I’m excited about this intriguing ecosystem and here’s how you can leverage it: Purchase $BEST tokens during the presale for a favorable price, currently at $0.023575 per token. With these Best Wallet Tokens, investors can enjoy lower transaction fees and early, secure access to new crypto projects such as Solaxy and Wall Street Pepe.
Nu naar Best Wallet Token
Read More
- EUR ARS PREDICTION
- ULTIMA PREDICTION. ULTIMA cryptocurrency
- EUR CAD PREDICTION
- POWR PREDICTION. POWR cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- CHR PREDICTION. CHR cryptocurrency
- YNE PREDICTION. YNE cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- EUR VND PREDICTION
2025-01-14 13:28