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The crypto market is still riding the bull wave. The emerging financial space has surged 2.6% in the past day, with market movers Bitcoin and Ethereum (ETH) leading the charge.
The foremost smart contract network has been one of the backbones of the rapidly-growing decentralized finance (DeFi) ecosystem with multiple use cases due to its flexible framework.
So far, several investors view ETH as a future asset due to its strong appeal to a decentralized economy.
Is this an ideal time to buy ETH, given its earlier bull run to $5,000? The current bull run suggests this.
ETH Eyes $2,000 Price After Bullish Trend
At press time, Ethereum is trading at $1,868.06, indicating a surge of 3.55% in the last day.
This value-driven coin has been on an impressive bullish run with an uptrend of 8.5% in the past week, 6.9% in the last fourteen days, and 18.9% in the last month.
This uptrend puts the 24-hour trading volume at over $10 billion, signaling a continuous rally.
ETH’s technical indicators continue to show the asset’s steady rally. The asset’s current price overshadows its 50-day simple moving average (SMA) value of $1604.60 and its 200-day SMA value of $1762.50.
The recent uptrend in value also reflects other technical indicators. The bullish trend continues, pushing through the 78.6% Fibonacci retracement value of %1759.31 and has the predicted $2000 value in sight.
As ETH breaks through its recent resistance and heads towards the $2,000 price mark, investors are taking advantage of the digital asset’s price.
The relative strength index (RSI) rose from a value of 43.10 last week to 62.49 today, which still shows that the asset is still underbought. However, it is now trailing close to the overbought region.
Likewise, the moving average convergence divergence (MACD) is neutral and could flip into the sell zone or back into the buy zone.
However, with the ongoing rally, investors will likely buy more ETH assets before it becomes overbought.
Ethereum Announces New Shapella Upgrade
Following a smooth Goerli transition, the Shapella upgrade is ready for mainnet activation. The 157th AllCoreDevs Execution Layer meeting concluded on April 12th with an agreement for the upgrade.
It's happening 🎊
Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023 📆
Client releases compatible with the upgrade are listed in the announcement below 👇https://t.co/I0hSv9lnjz
— timbeiko.eth (@TimBeiko) March 28, 2023
This upgrade follows The Merge and allows validators to return their stake from the beacon chain to the execution layer.
Changes to the execution layer (Shanghai) and consensus layer are integrated by Shapella. The upgrade also modifies the Engine API, which is used by the execution and consensus levels to interact.
Once this upgrade gets implemented, investors can expect the price to move exponentially from its current value.
Explore LHINU and METRO for High Returns
Ethereum is a household name in the crypto space. However, investors looking forward to quicker returns may want to consider altcoins with strong fundamentals to rally.
Some of these altcoins are still in the presale stage, but they can potentially deliver high-margin returns once listed on centralized exchanges.
One such altcoin is Love Hate Inu’s token, $LHINU. The digital asset has seen massive support from investors, raising over $2.81 million in its presale just a few weeks after its debut.
Love Hate Inu has been dubbed the Dogecoin destroyer due to its meteoric rise. This can be seen from its followers on Twitter, totaling over 32,000 in just a few weeks.
The vote-to-earn (V2E) project aims to disrupt the traditional survey industry by combining the appeal of meme coins like Dogecoin with real-life use cases.
Hello #LoveHateInu Champs💪
🎉 We are now in stage 4 of the #Presale 🎉
❤️ Will it be Love?👍 🗳️
💔 Or Hate?👎🗳️Join us now, get your $LHINU and be ready for the first poll coming soon! 📊
Remember, CEO drop at $3M 😜https://t.co/Pu2Bo8WOUy#CryptoTwitter #AltCoins pic.twitter.com/lFlZwQhOFG
— Love Hate Inu (@LoveHateInu) April 4, 2023
The platform allows users to vote on trending topics while also earning incentives. Its Ethereum blockchain base makes the process tamper-proof and non-biased.
At press time, investors can buy the token for $0.000095 with ETH, BNB, or USDT.
Metropoly’s token, $METRO, is another digital asset with high return prospects.
Metropoly aims to revolutionize the multi-trillion-dollar real estate industry by creating a decentralized non-fungible token (NFT) marketplace backed by real estate assets.
Avail 5% Referral With Metropoly 🔥
Find the referral link in your wallet and share with family and friends to avail this exciting offer! 🤑
You will be eligible to receive 5% of the total transaction value for anyone you refer to Metropoly. 😱
(1/2) pic.twitter.com/nqe6xHl5qE
— METROPOLY (@metropoly_io) April 4, 2023
The innovative platform has harnessed blockchain-based solutions to enable anyone, regardless of location, to invest in income-generating properties in seconds with as little as $100.
At press time, the METRO token sells for $0.0769. The project has raised over $1.12 million from over 2,500 investors.
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- ETH Price Prediction: Ethereum’s Upward Trend Continues Above $1800. Can ETH Hit $2000?
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