{"id":594552,"date":"2024-11-04T15:35:18","date_gmt":"2024-11-04T15:35:18","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=594552"},"modified":"2024-11-04T15:35:18","modified_gmt":"2024-11-04T15:35:18","slug":"ethereum-price-prediction-as-21shares-says-eth-is-amazon-of-the-1990s-and-this-crypto-casino-ico-heads-for-1-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-as-21shares-says-eth-is-amazon-of-the-1990s-and-this-crypto-casino-ico-heads-for-1-million","title":{"rendered":"Ethereum Price Prediction As 21Shares Says ETH Is Amazon of The 1990s And This Crypto Casino ICO Heads For $1 Million"},"content":{"rendered":"

The Ethereum price edged up a fraction of a percent in the last 24 hours <\/span>to trade at $2,472<\/span><\/a> as of 03:29 a.m. EST on trading volume that surged 19% to $14.65 billion.<\/span><\/p>\n

This comes as 21Shares tells CoinTelegraph that Ethereum has the same exponential potential as retail titan Amazon did in the 1990s before it became a $2 trillion colossus.<\/span><\/p>\n

The fund manager said Ethereum could also surprise investors with new “revolutionary use cases” that have not yet been discovered.<\/span><\/p>\n

Ethereum Price Aims For A Sustained Rally<\/h2>\n

The Ethereum price has been trading on an ascending triangle pattern since August, as the bulls encountered resistance within the $2,725 level, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

However, the price still remains below both the 50-day and 200-day Simple Moving Averages (SMAs), with the 50-day SMA acting as the immediate resistance at $2,527.<\/span><\/p>\n

The Relative Strength Index (RSI) is moving within the neutral zone at 45, which shows that ETH price is currently in equilibrium, with a potential to soar.<\/span><\/p>\n

If the bulls sustain the bullish trend within the triangle, the price of Ethereum could continue soaring, as the bulls target prices above $3,200 in the long term.<\/span><\/p>\n

\"Ethereum
ETHUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

Conversely, if the price drops below the triangle, the $2,250 acts as the next possible support level.<\/span><\/p>\n

Meanwhile, investors looking for the crypto GambleFi equivalent of Ethereum might take a look at a new crypto casino project called <\/span>Memebet Casino (MEMEBET Token)<\/span><\/a>.<\/span><\/p>\n

YouTube channel Cryptonews, with over 10k subscribers, says that $MEMEBET Token could soar 100x after it launches.<\/span><\/p>\n