{"id":358351,"date":"2022-11-22T01:29:52","date_gmt":"2022-11-22T06:29:52","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=358351"},"modified":"2022-11-22T01:30:50","modified_gmt":"2022-11-22T06:30:50","slug":"eth-price-prediction-is-a-post-weekend-rally-to-1200-likely","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/eth-price-prediction-is-a-post-weekend-rally-to-1200-likely","title":{"rendered":"ETH Price Prediction &#8211; Is A Post-Weekend Rally to $1200 Likely?"},"content":{"rendered":"<p><a href=\"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-for-today-november-19-eth-hovers-at-1250\">Ethereum price prediction<\/a>\u00a0remains bearish as ETH, the second largest cryptocurrency, has managed to gain support near the $1,080 level. However, the most recent <a href=\"https:\/\/www.consilium.europa.eu\/en\/meetings\/international-summit\/2022\/11\/15-16\/\">G20 summit discussions<\/a> on cryptocurrency legislation may be of assistance to an investor. The recent market volatility, however, does not appear to be affecting Ethereum (ETH) prices, which remain in a mild bullish trend.<\/p>\n<p>In contrast, the collapse of FTX continues to have an impact on the entire crypto industry and was seen as a major reason that capped further gains in the crypto market.<\/p>\n<p>Meanwhile, the cryptocurrency lender Genesis was seeking a $1 billion emergency loan from investors, according to a private fundraising letter obtained by the Wall Street Journal on Thursday. This news has not yet had a significant impact on the cryptocurrency market.<\/p>\n<h2>Ethereum Price Prediction<\/h2>\n<p>The current price of Ethereum is $1,097, with a 24-hour trading volume of $13 billion. In the last 24 hours, Ethereum has dropped 3.35%.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-359014 size-large\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ETH-Chart-1024x492.png\" alt=\"\" width=\"640\" height=\"308\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ETH-Chart-1024x492.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ETH-Chart-300x144.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ETH-Chart-768x369.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ETH-Chart-1536x738.png 1536w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ETH-Chart.png 1805w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n<p style=\"text-align: center\"><strong>Ethereum Price Chart &#8211; Source: Tradingview<\/strong><\/p>\n<p>CoinMarketCap currently ranks #2, with a live market cap of $13 billion. It has a circulating supply of 122,373,866 ETH coins and no maximum supply.<\/p>\n<h2>Crypto Market Recovery<\/h2>\n<p>The global cryptocurrency market has been flashing green, and it is anticipated that this week will end on a bullish note because the recent developments regarding crypto regulations at the G20 summit will significantly affect investor sentiment in the coming day.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This year <a href=\"https:\/\/twitter.com\/hashtag\/G20?src=hash&amp;ref_src=twsrc%5Etfw\">#G20<\/a> summit focused on global cryptocurrency framework following <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> rocky &amp; challenging year <a href=\"https:\/\/twitter.com\/hashtag\/CryptoRegulation?src=hash&amp;ref_src=twsrc%5Etfw\">#CryptoRegulation<\/a> <a href=\"https:\/\/t.co\/x8cPKsC7hB\">pic.twitter.com\/x8cPKsC7hB<\/a><\/p>\n<p>&mdash; NewBie Truth (@Newbie_Truth) <a href=\"https:\/\/twitter.com\/Newbie_Truth\/status\/1593562015141961728?ref_src=twsrc%5Etfw\">November 18, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The prices fell as <a href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/bitcoin-price\">Bitcoin<\/a>, the leading cryptocurrency, traded almost 2% higher at $15,781. Today&#8217;s global crypto market cap remained below $1 trillion even though it was nearly flat over the previous 24 hours at $800 billion.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-shiba-inu\">Shiba Inu&#8217;s price<\/a> remained steady at $0.000009, while Dogecoin&#8217;s price was up 0.4% at $0.08 today. Other cryptocurrency values also performed bullishly today, with increases seen in Binance USD, Avalanche, Tether, XRP, Terra, Tron, Litecoin, Stellar, Chainlink, and Polkadot prices over the last 24 hours.<\/p>\n<h2>Crypto Lender Genesis Emergency Loan<\/h2>\n<p>According to the Wall Street Journal, which cited a private fundraising document, cryptocurrency lender Genesis was looking for a $1 billion emergency loan from investors before it stopped accepting withdrawals from its website.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: Crypto lender Genesis seeks $1 billion emergency loan by Monday.<\/p>\n<p>&mdash; Watcher.Guru (@WatcherGuru) <a href=\"https:\/\/twitter.com\/WatcherGuru\/status\/1593333078637813760?ref_src=twsrc%5Etfw\">November 17, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Genesis Global Capital halted client redemptions in its lending company on Wednesday due to the bankruptcy of Sam Bankman-cryptocurrency Fried&#8217;s exchange FTX. As a result, this news has yet to have a significant impact on the cryptocurrency market.<\/p>\n<h2><span class=\"css-x8fsqd\"><span id=\"editable-content-within-article~0~0~0\">The\u00a0<\/span><\/span><span class=\"css-x8fsqd\"><span id=\"editable-content-within-article~0~1~0\">Effects\u00a0<\/span><\/span><span class=\"css-x8fsqd\"><span id=\"editable-content-within-article~0~2~0\">of\u00a0<\/span><\/span><span class=\"css-x8fsqd\"><span id=\"editable-content-within-article~0~3~0\">FTX\u00a0<\/span><\/span><span class=\"css-x8fsqd\">Collapse,\u00a0<\/span>Ethereum Price Prediction Bearish<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/news\/latest-news-on-ftx-collapse-and-crypto-market-state\">FTX<\/a> is the fourth cryptocurrency startup to face financial difficulties this year. Three Arrows Capital, an Asia-based hedge fund, and Celsius, a bank-like organization that accepted cryptocurrency deposits in exchange for interest, are two other failures.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/FTX?src=hash&amp;ref_src=twsrc%5Etfw\">#FTX<\/a> could collpase ?<\/p>\n<p>&mdash; kaizen.eth \u264e\ufe0f (@kaizen_eth_) <a href=\"https:\/\/twitter.com\/kaizen_eth_\/status\/1589899290964422656?ref_src=twsrc%5Etfw\">November 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, the collapse of FTX, which has filed for Chapter 11 bankruptcy in the United States, has had a bearish impact on the entire crypto industry, limiting liquidity at corporations that had exposure to one of the world&#8217;s largest cryptocurrency exchanges at one point, and triggering regulatory inquiries in several countries.<\/p>\n<p>Following a proposed acquisition by rival exchange Binance, FTX filed for Chapter 11 bankruptcy protection in the United States last week, and its founder, Sam Bankman-Fried, stepped down as CEO.<\/p>\n<h2>US Dollar Ups &amp; Downs<\/h2>\n<p>The broad-based US dollar was on track for its biggest weekly gain in a month after Federal Reserve officials reiterated their commitment to raising interest rates more aggressively than markets currently expect. However, the US dollar could not extend its previous gains and fell slightly a few hours ago on Monday.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Fed&#39;s Collins: Fed Has More Work to Do to Bring Inflation Down. Fed Likely Needs to Hike Interest Rates More. After Rate Hikes End, Fed Will Need to Keep Rates in Place for Some Time. Hopes Monetary Policy Will Not Cause Too Much of a Slowdown.<a href=\"https:\/\/twitter.com\/hashtag\/Fed?src=hash&amp;ref_src=twsrc%5Etfw\">#Fed<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USD<\/a><\/p>\n<p>&mdash; CN Wire (@Sino_Market) <a href=\"https:\/\/twitter.com\/Sino_Market\/status\/1593599157893095424?ref_src=twsrc%5Etfw\">November 18, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It fell in value against the pound, which rose after a volatile day on Thursday in response to Britain&#8217;s budget for tax increases and spending cuts.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Federal reserve voting member James Bullard said today he sees the fed terminal rate between 5-7%. <\/p>\n<p>Yeah\u2026<\/p>\n<p>We\u2019re at 4% right now, the fed isn\u2019t stoping their interest rate hikes anytime soon, they will hike us into a recession. <\/p>\n<p>Bottom isn\u2019t in for stocks or crypto.<\/p>\n<p>&mdash; Danny Devan (@dannydevan) <a href=\"https:\/\/twitter.com\/dannydevan\/status\/1593288257990758400?ref_src=twsrc%5Etfw\">November 17, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The most recent Fed official to reject market expectations for a halt in interest rate increases was James Bullard, president of the St. Louis Fed, who stated that even under dovish assumptions, the fund&#8217;s rate would need to rise from its current level of 3.75-4% to at least 5-5.25% to reduce inflation.<\/p>\n<p>As a result, the small losses in the dollar were viewed as another key factor in keeping ETH prices higher.<\/p>\n<h2>Dash 2 Trade (D2T) \u2013 Alternative Coin<\/h2>\n<p>Since the prices of the leading cryptocurrencies have fallen, investors&#8217; attention has shifted to alternative projects with significant upside potential. D2T is one of these.<\/p>\n<div>\n<div class=\"first-sentence-half\"><a href=\"https:\/\/insidebitcoins.com\/cryptocurrency\/buy-dash-2-trade\"><span class=\" mf-jss11752 mf-jss11793\"><span id=\"editable-content-within-article~0~0~0\" class=\"mf-jss11754 mf-jss11794\">Dash\u00a0<\/span><\/span><span class=\" mf-jss11752 mf-jss11795\"><span id=\"editable-content-within-article~0~1~0\" class=\"mf-jss11754 mf-jss11796\">2\u00a0<\/span><\/span><span class=\" mf-jss11752 mf-jss11797\"><span id=\"editable-content-within-article~0~2~0\" class=\"mf-jss11754 mf-jss11798\">Trade\u00a0<\/span><\/span><\/a>announced that LBank exchange will be the first CEX to offer its D2T token after raising over $6.7 million in its presale. After recently launching its public token sale, the company has reached that milestone.<\/div>\n<\/div>\n<h3>Read more:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-ethereum\">Where to Buy Ethereum (ETH)<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/cryptocurrency\/buy-dash-2-trade\">How to Buy D2T<\/a><\/li>\n<\/ul>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Ethereum price prediction\u00a0remains bearish as ETH, the second largest cryptocurrency, has managed to gain support near the $1,080 level. However, the most recent G20 summit <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/eth-price-prediction-is-a-post-weekend-rally-to-1200-likely\" title=\"ETH Price Prediction &#8211; Is A Post-Weekend Rally to $1200 Likely?\">[&#8230;]<\/a><\/div>","protected":false},"author":1846,"featured_media":358357,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v21.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ETH Price Prediction - Is A Post-Weekend Rally to $1200 Likely? - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Ethereum price prediction remains bearish as ETH, the second largest cryptocurrency, has managed to gain support near the $1,080 level..\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETH Price Prediction - Is A Post-Weekend Rally to $1200 Likely?\" \/>\n<meta property=\"og:description\" content=\"Ethereum price prediction remains bearish as ETH, the second largest cryptocurrency, has managed to gain support near the $1,080 level..\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-22T06:29:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-22T06:30:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/11\/ETH-PIC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"732\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Arslan Butt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Arslan Butt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351\"},\"author\":{\"name\":\"Arslan Butt\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/4a26ecad68f863e5c3f7a6388e938e9d\"},\"headline\":\"ETH Price Prediction &#8211; Is A Post-Weekend Rally to $1200 Likely?\",\"datePublished\":\"2022-11-22T06:29:52+00:00\",\"dateModified\":\"2022-11-22T06:30:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351\"},\"wordCount\":808,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351\",\"name\":\"ETH Price Prediction - Is A Post-Weekend Rally to $1200 Likely? 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- InsideBitcoins.com","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"datePublished":"2022-11-22T06:29:52+00:00","dateModified":"2022-11-22T06:30:50+00:00","description":"Ethereum price prediction remains bearish as ETH, the second largest cryptocurrency, has managed to gain support near the $1,080 level..","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351"]}],"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351#primaryimage"}},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/4a26ecad68f863e5c3f7a6388e938e9d","name":"Arslan Butt","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fea23b6341045cbeeef70eca9ef2cea4?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fea23b6341045cbeeef70eca9ef2cea4?s=96&d=mm&r=pg","caption":"Arslan Butt"},"description":"Arslan is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. Arslan holds an MBA in Finance, and an MPhil in Behavioral Finance. Arslan brings a broad range of skills to help beginners evaluate financial data and investment trends, carry out technical analysis, fundamental analysis, and make an informed decision on the best ways to strategize their investment selection. For several years, Arslan has been a cryptocurrency and forex trader, with a current focus on cryptocurrency price predictions and forecasting. Previously, he has worked on a brokerage firm's forex and cryptocurrency trading team, managing the risk associated with client exposure. Arslan's main fields of expertise are - trading psychology, speculative positioning, market sentiment, and price action analysis. As well as his news coverage on Inside Bitcoins, Arslan's work can be found on Bitcoin Wisdom, CryptoNews, ForexCrunch, FX Leaders, Business2Community and EconomyWatch.","sameAs":["https:\/\/www.linkedin.com\/in\/arslan-butt\/"],"url":"https:\/\/insidebitcoins.com\/news\/author\/arslanalibutt"}]}},"modified_by":"Arslan Butt","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1846"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=358351"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/358351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/358357"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=358351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=358351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=358351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}