Will $3,500 Be Reached By Ethereum By The End Of 2024? Evaluator Considers

The price of Ethereum is being watched very carefully as the year 2024 draws to a close. According to new research from crypto specialists, who are cautiously hopeful, the cryptocurrency's trajectory is heavily impacted by major support and resistance levels.

Crucial Amounts to Keep an Eye On

According to Justin Bennett's analysis of cryptocurrency prices for the week ending December 22, Ethereum's return to the $3,540 mark is crucial. In order to indicate a possible shift in the market toward optimism, this price range is considered essential.

Ethereum risks falling toward $2,600 if it is unable to break over this barrier and test the important support zone around $3,000. A decline of this magnitude would have a significant impact on investors and speculators.

Despite my growing optimism about the overall setting for 2025, purchasers should not rest on their laurels.

To seem bullish next week, for instance, the weekly time period requires $ETH to regain $3,540.

The Current State of the Market and Expert Forecasts

Titan of Crypto's research, which used the Ichimoku cloud method to forecast a likely comeback, adds fuel to the fire of excitement surrounding Ethereum.

Ethereum has retested many key levels, according to the expert, suggesting that the current corrective cycle is winding down. If Ethereum is able to maintain its current levels, it may serve as a foundation for further advances, given the strength of Kumo Cloud's support line.

Meanwhile, Ethereum "whales" have boosted their holdings and gained almost $1 billion in value—roughly 340,000 ETH—in the span of a few days. The increased accumulation indicates that large investors are becoming more optimistic about the altcoin's future.

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