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SPONSORED POST* As Ethereum (ETH) and Shiba Inu (SHIB) continue to pique investor interest, both altcoins are showing hopeful signs of a future breakthrough. While the Shiba Inu price is rallying with a 10% gain in the previous week alone, the Ethereum price has surged by over 16% and rebounded with amazing momentum after falling below $2,400.  Could these top altcoins be preparing the ground for a fresh surge of optimistic activity before the year is out? With strong community sentiment backing them and solid technical signs, the question remains: will Ethereum (ETH) and Shiba Inu (SHIB) keep on their increasing path, or is a new market trend going to develop? Ethereum Price Prediction The Ethereum price has remarkably increased by almost 16% during the past week. After declining below the $2,400 line, the Ethereum price rapidly gained positive momentum and drove above the $2,900 mark. Ethereum’s (ETH) capacity to bounce back from temporary losses shows great investor confidence in this recovery.  Ethereum’s (ETH) price has bounced almost 20% over the past month, verifying its ranking among the leading altcoins. Both retail and institutional investors have taken notice of this good price activity, which is driving hope for more increases. Furthermore showing a good future for Ethereum (ETH) are technical indications.  The MACD and the Momentum Oscillator both exhibit positive signals, implying Ethereum (ETH) is probably going to keep on its increasing path in the near term. Another important indication that shows a positive picture is the 200EMA, so supporting the likelihood of ongoing expansion.  Out of the past 30 days, Ethereum (ETH) has logged 17 green days, indicating a good trading trend and consistent demand. With strong development potential for 2024 Q4, a recent Ethereum price prediction shows that the altcoin might conclude the year trading inside a band…

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Filed under: News - @ November 10, 2024 11:55 pm