{"id":605257,"date":"2024-11-28T09:22:03","date_gmt":"2024-11-28T09:22:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=605257"},"modified":"2024-11-28T09:22:03","modified_gmt":"2024-11-28T09:22:03","slug":"ethereum-price-prediction-as-donald-trump-holds-5-38-m-eth-and-experts-say-consider-buying-this-other-crypto-offering-639-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-as-donald-trump-holds-5-38-m-eth-and-experts-say-consider-buying-this-other-crypto-offering-639-apy","title":{"rendered":"Ethereum Price Prediction As Donald Trump Holds $5.38M ETH And Experts Say Consider Buying This Other Crypto Offering 639% APY"},"content":{"rendered":"

The Ethereum price rose 5% in the last 24 hours to trade at $3,597 as of 02:15 a.m. EST on trading volume that climbed 2% to $42.40 billion.<\/span><\/p>\n

This comes amid reports that Donald Trump, the US president-elect, holds a total of $7.1 million in crypto, with Ethereum being his top holding. Trump holds a total of $5.38 million worth of ETH.<\/span><\/p>\n

\"Ethereum<\/p>\n

Ethereum Price On A Sustained Bullish Rally<\/h2>\n

The ETH\/USD chart on the 4-hour timeframe shows an overall uptrend over recent weeks. The Ethereum price is forming a bullish rising channel, with higher highs and higher lows, indicating strong upward momentum. <\/span><\/p>\n

K<\/span>ey levels of interest include the support trendline (lower boundary of the channel) and the resistance trendline (upper boundary of the channel), according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

ETH price has maintained its trend above the 50-day and 200-day Simple Moving Averages (SMAs), which shows that the Ethereum price is maintaining the bullish trend.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is at 67.42. The RSI is approaching the overbought zone (70+). This suggests bullish momentum is strong, but caution is warranted as the asset could be nearing a short-term overbought condition.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) shows bullish momentum, as the MACD line is above the signal line, but it’s slightly converging. This could indicate waning bullish momentum in the short term. <\/span><\/p>\n

However, as long as the histogram remains positive, the upward trend remains intact. Look for a crossover as a potential signal of a pullback.<\/span><\/p>\n

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

ETH Price Prediction<\/h2>\n

According to the ETH\/USD chart analysis, the Ethereum price is currently on a sustained bullish trend. A sustained trend, if the bulls capitalize on the positive MACD and RSI, could see the price of Ethereum soar over the channel, as the bulls target $4,000.<\/span><\/p>\n

If the bears gain control of the token at this level, however, the Ethereum price could drop to the $3,347 level, within the 50-day SMA and the lower boundary of the channel.<\/span><\/p>\n

As the Chill Guy price aims for a continued surge, some investors are turning to presale meme coins like the newly launched <\/span>Flockerz (FLOCK)<\/span><\/a> for more explosive upside potential.<\/span><\/p>\n

According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, FLOCK has the potential to soar 100X after its launch.<\/span><\/p>\n