{"id":463465,"date":"2023-12-06T09:48:17","date_gmt":"2023-12-06T09:48:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=463465"},"modified":"2023-12-06T10:48:04","modified_gmt":"2023-12-06T10:48:04","slug":"ethereum-price-prediction-eth-coin-pumps-3-to-2280-get-in-now-or-wait-for-the-dip","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-eth-coin-pumps-3-to-2280-get-in-now-or-wait-for-the-dip","title":{"rendered":"Ethereum Price Prediction:\u00a0ETH Coin Pumps 3% To $2,280. Get In Now, Or Wait For The Dip?\u00a0"},"content":{"rendered":"

The Ethereum price has surged 3% in the last 24 hours <\/span>to trade at $2,280 <\/span><\/a>as of 4:30 am EST, as trading volume jumped 15% to $16 billion.<\/span><\/p>\n

Despite experiencing a 12% price increase in the last 7 days, Ethereum is actually performing slightly worse than the broader global cryptocurrency market, which has seen a 13.1% increase.<\/span><\/p>\n

So, should you get in now or wait for a dip?<\/p>\n

Ethereum Price Rebounds On Rising Channel<\/span><\/h2>\n
\"Ethereum
ETHUSDT Chart Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n

Ethereum Price Prediction<\/h2>\n

Bullish forces continue to show resilience by driving the price upwards, aiming for a new peak despite facing resistance at the $2,150 level coinciding with the upper boundary of the rising channel <\/span><\/p>\n

The price trades above the 50-day and 200-day simple moving averages, validating the existing bullish sentiment and establishing short-term support levels.<\/span><\/p>\n

The Relative Strength Index (RSI) is on an upward trend, rebounding from the midline level of 50 to 74 above the overbought region of 70, signaling heightened buying pressure.<\/span><\/p>\n

The Ethereum price is overly bullish, with expectations of sustained bullish momentum that could lead to additional upward movements targeting a potential high of $2,500.<\/span><\/p>\n

However, bears may disrupt the bullish momentum to initiate a corrective phase, leading to a retreat to the support zone at $2,150. A breach below this level may intensify selling pressure, potentially resulting in a further descent toward the critical support level at the $1,928 support zone.<\/span><\/p>\n

Investors may also consider presale tokens as a strategy to diversify their investment portfolios and take advantage of the potential for substantial returns. <\/span>Meme Kombat<\/span><\/a> in one such presale that also offers enticing opportunities through its staking feature.<\/span><\/p>\n

Meme Kombat (MK) Surpasses $2.5M Mark Price To Increase In 29 Hours<\/span><\/h2>\n

The Meme Kombat presale<\/span><\/a> project has already accumulated over $2.5 million out of a $3.5 million goal.<\/span><\/p>\n

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Watch the full video here:https:\/\/t.co\/4EJWrgdhnE<\/a><\/p>\n

— Meme Kombat (@Meme_Kombat) December 5, 2023<\/a><\/p><\/blockquote>\n