🚀 Ethereum (ETH) Rockets to New Heights: $2,800 in Sight! 🌐
Exciting times for Ethereum enthusiasts as the price surges to a 2023 peak of $2,440, outpacing Bitcoin's growth with a remarkable 10% in just 24 hours! 🚀 But what's driving this surge? Vitalik Buterin's 2024 proposal is causing waves, and here's why $2,800 might be the next target!
1. 📈 Ethereum's Remarkable Rally Post-Vitalik's 2024 Roadmap
Ethereum's price broke through the $2,445 barrier, leaving Bitcoin behind in its weekly performance. The catalyst? Ethereum Co-Founder Vitalik Buterin's detailed article on Dec 27, outlining Ethereum's roadmap for 2024. The market response has been nothing short of spectacular.
2. 🔄 On-Chain Accumulation Trends Point to $2,800 Potential
After breaching the $2,400 resistance twice in the last 20 days, on-chain accumulation trends suggest a possible surge to $2,800. Ethereum's top 100 holder wallets notably acquired 310,000 ETH following Vitalik Buterin's proposal, signaling strong bullish sentiment.
3. 📊 On-Chain Data Reveals Corporate and Investor Confidence
Ethereum's recent 10% bounce after Vitalik's proposal demonstrates its resilience compared to Bitcoin's negative 2% performance. On-chain data from Santiment reveals that the top 2,000 Ethereum wallets increased their holdings by 310,000 ETH, now valued at $713 million. This surge indicates strong confidence and support from corporate entities and high-net-worth investors.
4. 🚀 ETH Price Forecast: Eyes Set on $2,800
With the $2,400 resistance conquered, Ethereum bulls are setting their sights higher, possibly surpassing $2,500 in the upcoming rally. The In/Out of the Money chart by IntoTheBlock aligns with this optimism, outlining potential buy/sell walls that support the ETH forecast.
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