Is there no hope for Ethereum to set a new high? These key factors in 2024 are worth being vigilant about!

In 2024, can Ethereum break through its all-time high? The three key factors mentioned by Derive founder Nick Forster have become the focus: Trump won the US election, the Federal Reserve slashed interest rates, and global liquidity increased. But the reality is that ETH has not shown enough momentum at present.

As of September 6, the price of ETH stopped at $2,369, with an increase of only 3% so far this year. Compared with the surge in technology stocks (Nvidia rose 122%, Meta rose 50%), Ethereum seems a bit weak. Although the launch of ETFs has attracted more attention from Wall Street, it has also put ETH directly in the face of competitive pressure from technology stocks.

Foster believes that Ethereum currently lacks a strong narrative to push prices above all-time highs. Even if the three conditions are perfectly met in 2024, the possibility of ETH breaking through its all-time high is only 10% in the options market. For those investors who are still looking forward to a big rise in ETH, this is not an optimistic signal.

In addition, crypto trader Zen also warned that if the Fed's rate cuts do not meet market expectations, such as a 50 basis point cut, it may trigger a price drop. If the rate cut is only 25 basis points, the market is likely to be disappointed and price pressure will be further intensified.

The future of Ethereum is full of uncertainty, especially under the multiple influences of the Fed's policies and the global market environment, risks and opportunities coexist. Faced with complex market dynamics, Lao Lin advises all investors to remain calm, make timely arrangements, and avoid being taken away by short-term fluctuations.

The market is changing and opportunities are fleeting. Keep up with Lao Lin's rhythm, seize the market opportunity, and take you to steadily gain more!

#小非农增幅创3年多新低 #非农就业数据即将公布 #BTC走势分析 #BNBChainMemeCoin #美联储何时降息？ $ETH