Ethereum Price Prediction: As ETH Pumps 4% To Hit 15-Week High, This Bitcoin Layer-2 ICO Hurtles Past $1M

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Ethereum Price Prediction: As SEC Delays Staking Decision For Grayscale ETH ETFs, Analysts Say This AI Pepe Hybrid ICO Might 100X
Ethereum Price Prediction: As SEC Delays Staking Decision For Grayscale ETH ETFs, Analysts Say This AI Pepe Hybrid ICO Might 100X

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The Ethereum price surged 4% in the last 24 hours to trade at $2,775 as of 4:40 a.m. EST on trading volume that surged 24% to $33.65 billion.

The ETH price soared over the last several days as Bitcoin led another rally, taking it just under its all-time high. ETH followed, climbing to a 15-week high and reaching levels last seen in early February of this year. Back then, however, its price was in decline, while this time it is regaining value and soaring higher.

This latest price action has caused many in the crypto community to speculate about what is next for the coin, with some of the more optimistic predictions claiming that ETH is setting the stage for a rise to a new all-time high at $10,000.

Ethereum Price Prediction

Many in the crypto industry seem certain that the next big rally is finally about to happen, and that it is long overdue. For the moment, Ethereum remains capped at $2,800 by a resistance level, preventing it from rising further to $3,000 and beyond. Although this level was briefly breached over the last 24 hours, the price was eventually rejected, returning to $2,775 at the time of writing.

However, moving forward, ETH might see a further dip, as its Bollinger Bands have narrowed after the surge seen in the last two days, only to start widening again. This time, the widening is due to the price pushing the lower band deeper down.

Ethereum Price Prediction

ETH/USDT chart analysis (Source: TradingView)

The coin’s Relative Strength Index (RSI) is showing similar bahvior. The popular metric spent the last two days fluctuating between the neutral value of 50 and the overbought zone, often venturing up to the value of 80. At the time of writing, however, it started spiraling down toward the oversold zone after several hours spent at the value of 50.

However, this also offers a new growth opportunity. If traders move in to buy the dip once the RSI drops to the edge of the oversold zone, a new wave of buyers might push the price and RSI back up, potentially even breaching the resistance at $2,800.

Promising Alternative To Ethereum

With Ethereum seeing a decline, investors are turning to Bitcoin Hyper (HYPER) — a brand new crypto presale offering the first Bitcoin layer-2 solution.

Bitcoin Hyper is a meme coin that utilizes layer-2 (L2) technology to finally enable speed and scalability in the Bitcoin ecosystem. It claims to be able to power the fastest layer in Bitcoin history, enabling faster and cheaper BTC transactions, and unleashing the true potential of Bitcoin.

More than that, it will enable the creation of dApps, new meme coins, faster payments, and be a catalyst that will bring a new and lasting change to the Bitcoin ecosystem.

Bitcoin Hyper is now offering its native token, HYPER, to anyone interested in participating in the presale. Once live, the token will be used for transactions, staking, and even governance. Its ICO immediately attracted attention, raising over $1 million, while the token sells for only $0.01185 apiece.

Bitcoin Hyper tweet

However, its price will continue to rise as the ICO progresses through different stages, with the next increase scheduled to happen tomorrow, leaving investors with enough time to research the project and make a move to buy the token while its price is at its lowest point.

Experts such as YouTuber Crypto Boy, who has over 61.3k subscribers, believes that this new presale token might have 100x potential.

If you wish to join others who bought HYPER while it’s still in presale, visit the official website before the next ICO price hike in around 32 hours.

Visit the HYPER website.

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