{"id":462887,"date":"2023-12-04T15:41:49","date_gmt":"2023-12-04T15:41:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=462887"},"modified":"2023-12-04T18:17:37","modified_gmt":"2023-12-04T18:17:37","slug":"ethereum-price-prediction-as-former-goldman-sachs-exec-says-bitcoin-etf-approvals-will-ignite-eth-economy-here-are-two-great-ways-to-capitalize","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-as-former-goldman-sachs-exec-says-bitcoin-etf-approvals-will-ignite-eth-economy-here-are-two-great-ways-to-capitalize","title":{"rendered":"Ethereum Price Prediction: As Former Goldman Sachs Exec Says Bitcoin ETF Approvals Will Ignite ETH Economy, Here Are Two Great Ways To Capitalize"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Ethereum price jumped more than 4% over the past 24 hours to trade at $<a href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\">2,260<\/a> as of 8:45 am EST as investors scoop up the leading altcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This positive movement by <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/burn-update-dex-token-ethetf-rallies-with-26-recovery-as-market-turns-bullish-following-21-reduction-in-supply\"><span style=\"font-weight: 400\">ETH<\/span><\/a><span style=\"font-weight: 400\"> could be an early confirmation of a prediction made by Macro guru and Real Vision CEO Raoul Pal. In an X thread, the former Goldman Sachs executive stated that cryptos are set for a new bull market as traditional finance firms begin to enter the digital asset space, helping boost the entire Ethereum economy.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"zxx\" dir=\"ltr\"><a href=\"https:\/\/t.co\/WrJNIZhOBn\">pic.twitter.com\/WrJNIZhOBn<\/a><\/p>\n<p>&mdash; Raoul Pal (@RaoulGMI) <a href=\"https:\/\/twitter.com\/RaoulGMI\/status\/1731071149621064147?ref_src=twsrc%5Etfw\">December 2, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400\">Ethereum Price Looks Set To Continue Rising<\/span><\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/c\/CQGT2ckU.png\" alt=\"TradingView Chart\"><\/p>\n<p><span style=\"font-weight: 400\">Daily chart for ETH\/USDT (Source: <\/span><a href=\"https:\/\/www.tradingview.com\/x\/CQGT2ckU\/\"><span style=\"font-weight: 400\">TradingView<\/span><\/a><span style=\"font-weight: 400\">)<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-former-goldman-sachs-exec-says-eth-chart-most-bullish-ever-but-can-it-be-more-bullish-than-this-crypto-casino-that-expert-says-has-10x-potential\"><span style=\"font-weight: 400\">Ethereum price<\/span><\/a><span style=\"font-weight: 400\"> broke above a medium-term positive price channel formed on its daily chart over the past few weeks. It may have the bullish support needed to rise to the next major resistance level if it closes today&rsquo;s daily candle outside of this channel. In this scenario, the leading altcoin could attempt to flip the $2,300 resistance level into support before continuing its upward trajectory.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This <\/span><a href=\"https:\/\/www.coindesk.com\/markets\/2023\/12\/03\/bitcoin-breaks-40k-for-first-time-in-18-months-amid-broader-crypto-market-rise\/\"><span style=\"font-weight: 400\">bullish<\/span><\/a><span style=\"font-weight: 400\"> thesis may be invalidated if ETH closes today&rsquo;s trading session within the positive price channel. In this slightly less bullish scenario, the Ethereum price could return to the immediate support level at $2,145 in the following days. Given the strong ascending price channel, this correction may be brief, and the Ethereum price may resume its climb.<\/span><\/p>\n<p><span style=\"font-weight: 400\">ETH may drop below the $2.145 support if traders attempt to offload some of their ETH holdings while the Ethereum price rests on this key level. This may expose the cryptocurrency to the risk of correcting the subsequent mark of $1,985 in the short term.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Ethereum Price Supported By Favorable Technical Indicators<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Technical indicators, however, suggested that the <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/ethereum-reclaims-nft-market-dominance-will-brc-20-nfts-rally-again-this-week\"><span style=\"font-weight: 400\">Ethereum<\/span><\/a><span style=\"font-weight: 400\"> price may remain on its upward trajectory for the coming 48 hours. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators supported a bullish outlook.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Buyers currently have the upper hand against sellers on ETH&rsquo;s daily chart, as indicated by the RSI line positioned above the RSI Simple Moving Average (SMA) line. With this, the MACD line is above the MACD Signal line. This specific technical occurrence may be seen as an indication of a short-term continuation of ETH&rsquo;s bullish trend.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While investors wait to see if the Ethereum price will continue to rise, two promising projects that could yield great returns are <\/span><a href=\"https:\/\/ethetftoken.io\/\"><span style=\"font-weight: 400\">ETHETF Token<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin Minetrix<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Rewarding Holders On ETH ETF Developments<\/span><\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Crypto <a href=\"https:\/\/twitter.com\/hashtag\/ETFs?src=hash&amp;ref_src=twsrc%5Etfw\">#ETFs<\/a> lower the barrier to entry, making it easy for anyone to participate in <a href=\"https:\/\/twitter.com\/hashtag\/CryptoCurrencies?src=hash&amp;ref_src=twsrc%5Etfw\">#CryptoCurrencies<\/a>. <\/p>\n<p>No need to be a tech wizard! &#128640;<a href=\"https:\/\/twitter.com\/hashtag\/ETHETF?src=hash&amp;ref_src=twsrc%5Etfw\">#ETHETF<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Web3?src=hash&amp;ref_src=twsrc%5Etfw\">#Web3<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw\">#Altcoins<\/a> <a href=\"https:\/\/t.co\/DloNqbRf4a\">pic.twitter.com\/DloNqbRf4a<\/a><\/p>\n<p>&mdash; EthereumETF_Token (@ETHETFToken) <a href=\"https:\/\/twitter.com\/ETHETFToken\/status\/1731644586752151976?ref_src=twsrc%5Etfw\">December 4, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/ethetftoken.io\/\"><span style=\"font-weight: 400\">ETHETF Token<\/span><\/a><span style=\"font-weight: 400\"> is set up to reward holders of its native token as ETH ETFs go mainstream in the United States. The project shows great promise of returning 10X returns for investors, given that BlackRock, one of the leading asset managers, has filed for a spot ETH ETF.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Offering Investors a Way to Earn Passive Income Through BTC<\/span><\/h2>\n<p><iframe title=\"&#128293; This COIN Is Launching SOON! GET IN EARLY! Can This Disrupt Bitcoin MINING\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/scN6BVYJlGE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin Minetrix<\/span><\/a><span style=\"font-weight: 400\"> is an innovative cloud mining platform that lowers the barrier to entry for anyone looking to get started with BTC cloud mining. By simply purchasing and staking the project&rsquo;s native token, BTCMTX, investors can start earning a passive income paid in BTC.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Investors Are Rushing In To Participate In This Presale<\/span><\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/X?ref_src=twsrc%5Etfw\">@X<\/a> co-founder Jack Dorsey supports a new <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> pool for miner control.<\/p>\n<p>How do you envision the impact of <a href=\"https:\/\/twitter.com\/ocean_mining?ref_src=twsrc%5Etfw\">@ocean_mining<\/a> on Bitcoin's journey toward decentralization amidst the upcoming halving event in 2024?<a href=\"https:\/\/twitter.com\/hashtag\/BTCMTX?src=hash&amp;ref_src=twsrc%5Etfw\">#BTCMTX<\/a> also triumphs with another milestone, passing $4,600,000! &#127942; <a href=\"https:\/\/t.co\/46uLFV2QPL\">pic.twitter.com\/46uLFV2QPL<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1730548942599803318?ref_src=twsrc%5Etfw\">December 1, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoin Minetrix<\/span><\/a><span style=\"font-weight: 400\"> has raised more than $4.6 million in its presale. Investors are scrambling to build their BTC passive income through the project&rsquo;s cloud mining ecosystem.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">With spot Bitcoin ETFs expected to receive approval by January Bitcoin and BTCMTX are likely to get a big boost. Anyone looking to get in early on this extremely promising project can <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" rel=\"nofollow\"><span style=\"font-weight: 400\">purchase BTCMTX here<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/best-crypto-to-buy-now-december-4-quant-terra-flare\"><span style=\"font-weight: 400\">Best Crypto to Buy Now December 4 &ndash; Quant, Terra, Flare<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/top-crypto-gainers-today-dec-4-terra-classic-pepe-pendle-floki-inu\"><span style=\"font-weight: 400\">Top Crypto Gainers Today Dec 4 &ndash; Terra Classic, Pepe, Pendle, Floki Inu<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/law-firm-calls-australias-new-crypto-tax-guidance-toilet-paper\"><span style=\"font-weight: 400\">Law Firm Calls Australia&rsquo;s New Crypto Tax Guidance &ldquo;Toilet Paper&rdquo;<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - Newest ICO On BNB Chain<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/playdoge.svg\" alt=\"PlayDoge\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>2D Virtual Doge Pet<\/li>\n                                                                                                    <li>Play To Earn Meme Coin Fusion<\/li>\n                                                                                                    <li>Staking &amp; 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