{"id":136154,"date":"2024-08-24T19:00:59","date_gmt":"2024-08-24T16:00:59","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136154"},"modified":"2024-08-24T16:53:17","modified_gmt":"2024-08-24T13:53:17","slug":"ethereum-eyes-potential-rally-if-price-breaks-2800-threshold","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-eyes-potential-rally-if-price-breaks-2800-threshold\/","title":{"rendered":"Ethereum Eyes Potential Rally if Price Breaks $2,800 Threshold"},"content":{"rendered":"<p>Crypto analyst Matthew Hyland believes such a close could push Ethereum (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong>) toward the $3,500 range, which would also benefit other cryptocurrencies. Currently, ETH is trading near $2,758, after hovering around $2,600 for the past week.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#BTC<\/a> &amp; <a href=\"https:\/\/twitter.com\/hashtag\/ALTS?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#ALTS<\/a> VIDEO UPDATE: <a href=\"https:\/\/t.co\/wM2LXX5LuR\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/wM2LXX5LuR<\/a><\/p>\n<p>\u2014 Matthew Hyland (@MatthewHyland_) <a href=\"https:\/\/twitter.com\/MatthewHyland_\/status\/1827209973849583993?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">August 24, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While some traders see a potential drop to $2,600 as a risk to long positions, data shows a smaller downside exposure compared to the possible upside.<\/p>\n<p>Despite recent gains, Ethereum\u2019s low network activity and transaction fees remain a concern, according to Real Vision\u2019s Jamie Coutts. He argues that while conditions for a rally are present, a resurgence in network usage is needed for sustained growth.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/ethereum-foundation-moves-tens-of-millions-in-eth-to-kraken-sparking-sell-off-fears\/\" title=\"Ethereum Foundation Moves Tens of Millions in ETH to Kraken, Sparking Sell-Off Fears\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/ethereum331122-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ethereum Foundation Moves Tens of Millions in ETH to Kraken, Sparking Sell-Off Fears<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>In contrast, Khelp Financial\u2019s Boomer Saraga believes Ethereum\u2019s fundamentals are strong, with the network nearing peak performance, and expects the price to catch up soon.<\/p>\n<p>Meanwhile, veteran trader Peter Brandt highlights two possible paths for Ethereum: a rise above $2,960, offering a solid exit for long positions, or a further decline to around $1,650 if the current downtrend continues. Since July 25, Ethereum has dropped nearly 20% despite the introduction of spot ETFs in the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum&#8217;s price could be on the verge of a significant upswing, but analysts suggest a weekly close above $2,800 is crucial to confirm the move.<\/p>\n","protected":false},"author":3,"featured_media":36804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-136154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Eyes Potential Rally if Price Breaks $2,800 Threshold<\/title>\n<meta name=\"description\" content=\"Ethereum&#039;s price could be on the 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