ETH Price Prediction 2024
As the volatile 2023 concludes, the Ethereum market price recovers remarkably, forming an ascending triangle pattern in the weekly chart. Bouncing from the psychological barrier of $1000 in November 2022, the uptrend continues to gain momentum in the Ethereum weekly chart.
Facing constant rejection from the $2100 barrier, the buyers are attempting a bullish breakout fueled by the recent Uptober rally of 2023.
Blazing past the overhead resistance, the ETH price pushes beyond the $2200 barrier. Moreover, the breakout rally signals a longer uptrend and avoids a death cross in the weekly chart. If the buyers manage to cross the Ethereum market value above $2200, the bull run continuation can exponentially increase in 2024. With potential Spot ETF approvals and the Bitcoin Halving effect on altcoins, the price of ETH can reach $3825.
