The post ETH Targets $4,000 as BTC Consolidates appeared on BitcoinEthereumNews.com.

Despite the recent Bitcoin crash, Ethereum (ETH) price trades today at $3,589.7 as of 10 PM. Surprisingly, ETH performance during the recent crash is much better than most altcoins. Regardless, Ethereum prices today hit a daily high of $3,682.3 after -2.14% move on November 29. Ethereum Price Today: Why is ETH Up? Ethereum price performance relative to its peers shows strength. While altcoins gave gains back to the market due to Bitcoin’s sudden downtrend, Ethereum price climbs higher. This strength shows a paradigm shift that hints at an end of Ether’s lackluster performance. If BTC consolidates or climbs higher, the ETH price could extend its gains. But a drop in BTC toward $90k could delay this uptrend.   could drop lower or climb higher. Ethereum Price Chart Today *Ethereum price updated as of 10 PM. Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024. Ethereum Price Outlook ETH’s year-to-date (YTD) performance continues to increase and currently sits at 33%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11. As of November 29, 2024, if you invested $10,000 in ETH on January 1, 2024, your portfolio, after 317 days, would be up roughly $3,317. Ethereum’s market capitalization stands at $431.9 billion. Ethereum: The Second-Largest Crypto By Market Cap Ethereum ranks second in market capitalization, valued at $431.9 billion, after Bitcoin’s $1.73 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap. Since its all-time high of $571 billion in November 2021, Ethereum’s value decreased by half in October, but has spiked recently due to Bitcoin’s new ATH. Still, Ethereum…

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Filed under: News - @ November 28, 2024 11:26 pm