{"id":144313,"date":"2024-12-09T09:00:16","date_gmt":"2024-12-09T07:00:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144313"},"modified":"2024-12-08T23:18:43","modified_gmt":"2024-12-08T21:18:43","slug":"here-is-why-ethereum-could-soon-hit-a-new-all-time-high","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/here-is-why-ethereum-could-soon-hit-a-new-all-time-high\/","title":{"rendered":"Here is Why Ethereum Could Soon Hit a New All-Time High"},"content":{"rendered":"<p>Starting the week with sluggish movement, the leading altcoin has managed to climb back above $4,000, a level it hasn\u2019t seen since March. However, maintaining this milestone has proven challenging over the weekend.<\/p>\n<p>A prominent analyst, Ali Martinez, shared insights that suggest <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a> <\/strong>may be on track to revisit its previous all-time high of $4,878 and possibly set a new record. Using data from IntoTheBlock, Martinez highlights that Ethereum faces minimal resistance on its path upward, with the next significant hurdle around the $4,540 range.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">There is nothing preventing <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Ethereum<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a> from reaching new all-time highs. The only modest resistance zone ahead is around $4,540. But as long as the $3,560 demand zone holds, the odds favor the bulls! <a href=\"https:\/\/t.co\/rggCAWOCA9\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/rggCAWOCA9<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1865393826925584769?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">December 7, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Over 608,960 addresses are estimated to have purchased 668,980 ETH in this zone, making it the most notable resistance level ahead.<\/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\/bitcoin-and-altcoins-rally-ahead-of-crucial-us-inflation-data\/\" title=\"Bitcoin and Altcoins Rally Ahead of Crucial US Inflation Data\">\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\/2023\/11\/inflation132131321-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin and Altcoins Rally Ahead of Crucial US Inflation Data<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>On the support side, Ethereum seems well-backed between $3,514 and $3,634, where 3.4 million wallets acquired approximately 5.1 million tokens, forming a robust demand zone. Martinez remains optimistic about Ethereum\u2019s bullish outlook, provided it holds above this critical range.<\/p>\n<p>Currently, Ethereum\u2019s price hovers near the $4,000 mark, showing a 2% dip in the last 24 hours but boasting a 10% gain over the past week. While it battles to stabilize above $4,000, the broader market sentiment suggests that Ethereum could be poised for a significant breakout.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum appears to be gaining momentum after weeks of trailing Bitcoin\u2019s impressive performance.<\/p>\n","protected":false},"author":9,"featured_media":97487,"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-144313","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 v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here is Why Ethereum Could Soon Hit a New All-Time High<\/title>\n<meta name=\"description\" content=\"Ethereum appears to be gaining momentum after weeks of 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