Ethereum Price Prediction: ETH Breaches $4K For First Time Since March As This ERC-20 Token ICO Roars Past $2M In Just 4 Days
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The Ethereum price jumped 4% in the last 24 hours to trade at $4,007 as of 08:17 p.m. EST on trading volume that plunged 17% to $53.8 billion.
The ETH price surge pushed it beyond the $4,000 level for the first time since March.
Ethereum Price Could Continue Surging
According to the ETH/USD chart analysis, the Ethereum price has been in a clear uptrend since early November, with higher highs and higher lows forming a bullish rising channel pattern.
Data from GeckoTerminal shows that the price of Ethereum has effectively used the $3,041 support to push the asset up. The Ethereum price is currently trading above both the 50-day SMA (yellow line) and the 200-day SMA (blue line), further confirming a bullish bias.
Meanwhile, the Relative Strength Index (RSI) value is around 65.73, which is in the bullish zone but not yet overbought (over 70). This suggests there is still some room for the price to rise further before hitting overbought conditions.
The Moving Average Convergence Divergence (MACD) line (blue) is well above the signal line (orange), and both are in positive territory. This crossover occurred earlier in the uptrend and continues to indicate strong bullish momentum.
The price is likely to continue rising within the channel as long as it stays above the 50-day SMA. Breaking above $4,100-$4,250 could trigger a sharp move towards the next target at $4,500 or higher.
A break below $3,724 (50-day SMA) and the channel’s lower boundary would signal a potential reversal or deeper pullback, possibly toward the 200-day SMA at $3,273.
Meanwhile, investors are flocking to a newly launched meme coin called Wall Street Pepe ($WEPE), which prominent crypto YouTuber Austin Hilton, boasting 295K subscribers, predicts will “revolutionize the crypto space.”
Wall Street Pepe Presale Blasts Past $2 Million – Best Crypto To Buy Now?
Wall Street Pepe is the latest meme coin to capture attention, blending humor with real-world crypto utilities.
Unlike most meme coins driven by pure hype, Wall Street Pepe focuses on empowering everyday traders with tools and insights to navigate the crypto market.
This innovative approach has already resonated with investors, as its presale, launched on December 3rd, has surged past $2 million in just four days.
If you ain't evolving, you dissolving! 🐸 pic.twitter.com/c4JdU4P1MY
— Wall Street Pepe (@WEPEToken) November 13, 2024
One of the standout features of Wall Street Pepe is its VIP community, the “Wepe Army.” Holders gain access to expert trading calls, market insights, and a platform for sharing strategies with fellow investors.
Members can even submit trading ideas and earn free $WEPE tokens for approved suggestions.
For those looking to earn passive income, Wall Street Pepe also offers a staking platform with a massive 308% annualized yield.
Currently, $WEPE tokens are priced at $0.000205 and can be purchased using ETH, USDT, or a bank card.
With the presale price set to increase in less than 4 days, investors have a limited window to lock in the best deal.
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