ETH is currently showing a strong bullish trend.
• Price forecast: It is expected to reach US$2,450 to US$2,570 by the end of 2024, and is expected to climb to US$79,600 in 2030. There are also higher long-term price expectations in 2028 and 2031.
• Market performance: As of November 27, 2024, the trading price was $3,523.19, with a 24-hour increase of 5.13%.
• Technical Analysis: It is expected to rise by 2.74% on December 27, 2024. The current market sentiment is bullish, with the Fear and Greed Index showing 75 (Greed).
• Options market: Implied volatility remains high, and calls are significantly more popular than puts.
• Market Updates: There are early signs of recovery, with altcoin season expected to gain momentum.
• ETF impact: The U.S. SEC’s approval of ETH-based ETFs will help increase the interest of institutional investors.
However, please note that the cryptocurrency market is highly volatile, and investment decisions should be made with caution and professional financial advice. #ETH🔥🔥🔥🔥