Ethereum Price Prediction: Arthur Hayes Sees ETH At $5K and Dumps SOL, But These Presales Might Be The Best Cryptocurrency To Invest In 2024 For Parabolic Growth

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Ethereum price
Ethereum price

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The Ethereum price has surged by 6.9% in the last 24 hours to trade at $2,236 as of 2:30 a.m. EST.

BitMEX founder Arthur Hayes sees a strong future for ETH, predicting it will hit a new all-time high of $5,000 and says he is swapping Solana for Ethereum

Analyst Pentoshi on X also anticipates an Ethereum rally following the possible approval of Ethereum ETFs (exchange-traded funds) next year.

Ethereum Price Prediction

Looking at 2-hour ETH/USD charts, the Ethereum price could be headed to a bullish short term as the Relative Strength Index indicator now moves north, having held above the oversold region. This shows fading selling pressure on Ethereum.

The MACD is, however, moving in the red zone, suggesting a likely bearish short-term. This comes as the Ethereum price moves at range, suggesting a break out on either side.

Looking at trading activities, ETH’s trading volume has jumped by 14% in the last 24 hours, causing high volatility, as shown by the Bollinger Bands, which is currently diverging.

ETH/USD 2-hour charts | Source: TradingView

Meanwhile, meme coins have taken center stage with new arrivals Meme Kombat, Sponge V2, and Wall Street Memes all among those making waves. Analysts say they have massive potential, as demonstrated by the investor confidence in their projects.

Ethereum Price Prediction: Should You Turn To These Meme Coins Instead?

Meme Kombat (MK) has soared past the $4.5 million mark. Each MK token is priced at $0.257, but that will increase in a little more than two days. 

To join the MK presale frenzy, head to the Meme Kombat website, connect your Web 3 wallet and trade your ETH, USDT, or BNB for MK tokens.

Sponge V2: Will This Meme Coin Pump 100X Again?

Sponge V2 is also emerging as another top player in the meme coin arena. The evolution of the original Sponge token is propelled forward with the introduction of SPONGEV2.

This enhanced version aims to build upon the successes of the initial Sponge token. Sponge V2 is poised to deliver even more impressive 100X increases following the noteworthy ascent of V1. With the Ethereum price future trajectory remaining uncertain, Sponge V2 could be your ultimate investment. 

https://twitter.com/spongeoneth/status/1736710430888739065?s=20

SPONGEV2 introduces the revolutionary “Stake-to-Bridge” technology, forging an unprecedented connection with the V1 ecosystem. This unique feature enhances the utility of the token significantly.

By staking more SPONGE tokens, investors can boost the returns of SPONGEV2 tokens, enhancing their chances of lucrative rewards.

The official SPONGEV2 website simplifies the process of acquiring SPONGEV2 coins once the staking period concludes. Exchange your Ethereum or USDT for V2 tokens by connecting your Web3 wallet or using your bank card for a hassle-free transaction.

Wall Street Memes

Demonstrating the expansive potential of crypto gaming, Wall Street Meme (WSM) recently introduce the Wall Street Memes casino

New players are capitalizing on a substantial 200% sign-up bonus, extending up to $25,000. 

First-time depositors of WSM may enjoy 200 free spins on the most popular slot game. Owning WSM grants access to exclusive token-holder communities, bonuses within the WSM Casino, and the ability to stake tokens for proportional prizes. The more you bet, the more you can earn.

Get Your Meme Coin of Choice here: 

Meme Kombat

Sponge V2

Wall Street Memes

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