Ethereum Price Prediction: Can ETH Hit $3,500? Cardano and ATOM Show Signs of Reversal
The post Ethereum Price Prediction: Can ETH Hit $3,500? Cardano and ATOM Show Signs of Reversal appeared on BitcoinEthereumNews.com.
As the cryptocurrency market endures a volatile phase, Ethereum (ETH), Cardano (ADA), and Cosmos (ATOM) are attracting attention due to their potential for mega price rebounds. Ethereum is aiming for $3,500, Cardano for $1.20, and ATOM for $15, so investors and traders are watching these assets for a bullish comeback. Ethereum Price Prediction: Can ETH Reclaim $3,000 and Surge Higher? Ethereum has been consolidating in a tight range, attempting to break past the critical $3,000 resistance level. Over the past 30 days, ETH has fluctuated between $3,300 and $2,700, reflecting the broader market volatility. Despite that, recent on-chain data and technicals suggest a breakout in the coming weeks. ETH Breakout soon? Ethereum Liquid Index (ELX). Source: Brave New Coin Exchange outflows have reached a 23-month high, with over 768,500 ETH withdrawn from exchanges in one day. Historically, large exchange outflows mean strong accumulation, less selling pressure, and a setup for a price rally. From a technical perspective, ETH faces strong resistance at $2,800. If buyers manage to push above this level, a rally toward $3,200 is likely. The 50-day Exponential Moving Average (EMA) aligns with this trend, reinforcing upward momentum. A successful breakout above $3,000 could send ETH toward $3,500, a level not seen in months. ETH/USD daily chart. Source: TradingView On the downside, if Ethereum fails to hold above $2,700, it may drop toward $2,591. With institutional interest rising and scarcity increasing due to exchange outflows, Ethereum is set up for a breakout. If bullish momentum continues, ETH could reach $3,500 in the short term and aim for $4,000 later in 2024. Traders should watch the $2,800 resistance, as a breakout above this level could signal a strong upward trend. Cardano (ADA) Price Struggles: Can It Rebound to $1? Cardano has faced significant downward pressure, losing 35% in the…
Filed under: News - @ February 13, 2025 8:20 am