Source: Shutterstock.com/BT Side
ether (ETH-USD) Price predictions are a hot topic on Friday as crypto traders wonder whether the cryptocurrency can break $4,000.
$4,000 is the next sticking point for ETH as the cryptocurrency slowly approaches this price in the recent crypto rally. If it manages to overcome this value, it will be on the way to reaching its previous all-time high of around $4,800 from November 2021.
This means that ETH must maintain its current momentum. This appears to be in trouble today as trading volume is down 9.6% compared to the previous 24-hour period.
Now that we know what Ethereum has been up to recently, let’s take a look at what the future might hold for the world’s second largest cryptocurrency by market cap.
Ethereum price predictions
- You today argues that ETH could fall back to $3,700 if it can maintain its momentum, but could also still reach $4,000 by the end of the month.
- CryptoSlate argues that Ethereum could still recover in the long term depending on whether ETH exchange-traded funds (ETFs) receive government approval.
- Cointelegraph also argues that ETH likely has the momentum to reach $4,000 in the near term.
To put these price predictions into perspective, ETH is trading for around $3,966 on Friday morning. This comes alongside a 4.1% increase in the token in the last 24 hours of trading.
Investors can find even more current crypto news below!
On Friday we have the hottest crypto news worth reading about! We have a collection of cryptos worth keeping an eye on today and other news that will help traders. You can delve into all of this below!
More crypto news from Friday
At the time of publication, William White did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to those of InvestorPlace.com Publishing Guidelines.
Article printed by InvestorPlace Media, https://investorplace.com/2024/03/ethereum-price-predictions-will-the-eth-crypto-soon-blow-past-4000-march-8th/.
©2024 InvestorPlace Media, LLC