Could ETH Reach $3,500 Again by Year-End? Plus 3 Altcoins Set for 200% Growth in 2024
The post Could ETH Reach $3,500 Again by Year-End? Plus 3 Altcoins Set for 200% Growth in 2024 appeared on BitcoinEthereumNews.com.
Ethereum has shown signs of a potential surge, sparking curiosity among investors. Questions arise if it can hit $3,500 by year’s end. Additionally, three promising altcoins are poised for substantial gains, possibly growing by 200% in 2024. This article explores the factors behind Ethereum’s potential rise and unveils the altcoins that could lead the market. Ethereum (ETH) Ethereum (ETH) is trading between $2489 and $2759.74, with recent bearish trends presenting a unique opportunity for growth. Currently below its 10-day SMA of $2643.81 and showing an RSI of 29.89, ETH is in oversold territory, suggesting potential for a significant rebound. Breaking through the $2906.61 resistance could trigger an 8% rise, and a further push could target the second resistance at $3177.25, representing a potential 14.6% gain. Despite a 26.84% drop over the past month, the oversold conditions might set the stage for a substantial recovery, making ETH a coin to watch for a possible surge as the year progresses. Uniswap (UNI) Uniswap (UNI) is trading between $5.82 and $6.58, facing a tough market with a 23% drop this month. Despite the current bearish trend and weak bullish signals, there’s a silver lining. If UNI can regain momentum, it has the potential to reach the first resistance level at $6.98, representing a 10% gain. With careful monitoring, breaking this resistance could pave the way for further gains. On the downside, the nearest support level at $5.46 remains critical, but if UNI stabilizes, it could bounce back with strength. Watch these key levels closely as UNI aims for a rebound. Undeads Games (UDS) Undeads Games (UDS) is currently trading between $1.28 and $1.78, with recent gains hinting at potential upside. Despite struggling to breach the $2.04 resistance, the coin has experienced a notable 24% rise over the past month. With the RSI at…
Filed under: News - @ August 21, 2024 1:21 am