As the calendar turns to 2024, Ethereum is facing a critical period, marked by a notable -15% pullback from recent highs and currently stabilizing around the $2,300 mark. This change has sparked a wave of speculation among investors who are keenly observing the interplay between evolving market dynamics, technological advances within the Ethereum ecosystem, and broader economic indicators. This Ethereum price prediction aims to shed light on the potential future movements of this leading cryptocurrency.
Ethereum’s most important support
Ethereum currently has two important areas of support. The first one costs about $2,200. If the price breaks again at the bottom of the weekly chart, the $2,000 psychological support will come into play. This will be a strong buying opportunity for Ethereum and will cause the price to rise again.
Ethereum price prediction: Will Ethereum crash further?
As mentioned earlier, the psychological price of $2,000 is an important support for Ethereum. Most traders will wait for this level to make long trades on ETH. However, if this does not materialize, we could see weak price action for Ethereum as the price crashes towards the next support area at $1,400.
Where to buy Ethereum in 2024?
Ethereum can be purchased on a variety of exchanges, but a notable option is Bitget. Bitget offers a user-friendly platform with robust security measures, making it a great choice for buying and trading Ethereum. Additionally, Bitget’s fees are among the lowest on the market, so you don’t have to worry about high fees if you trade regularly.
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