{"id":145477,"date":"2024-12-25T11:00:13","date_gmt":"2024-12-25T09:00:13","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145477"},"modified":"2024-12-24T18:22:24","modified_gmt":"2024-12-24T16:22:24","slug":"ethereum-eyes-4000-as-justin-sun-dismisses-sell-off-rumors","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-eyes-4000-as-justin-sun-dismisses-sell-off-rumors\/","title":{"rendered":"Ethereum Eyes $4,000 as Justin Sun Dismisses Sell-Off Rumors"},"content":{"rendered":"<p>This statement follows a period of significant on-chain activity, where over 108,000 <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong>, valued at around $400 million, was transferred to the HTX exchange since November 10. Sun reaffirmed his bullish outlook on Ethereum, emphasizing his commitment to the ecosystem.<\/p>\n<p>Ethereum\u2019s price, meanwhile, has rebounded by 2%, surpassing $3,400 and showing early signs of a potential rally. Analysts <strong><a href=\"https:\/\/coingape.com\/justin-sun-denies-ethereum-selloff-claims-as-eth-price-eyes-4000-rally\/\" target=\"_blank\" rel=\"nofollow\">suggest<\/a> <\/strong>a bullish reversal may be underway, with the ETH\/BTC pair gaining momentum after a bottom formation.<\/p>\n<p>Javon Marks, a prominent crypto analyst, pointed out an \u201cAdam &amp; Eve Double Bottom Pattern\u201d on the Ethereum chart, signaling a possible surge towards the $4,000 level and beyond.<\/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\/are-bitcoins-long-term-holders-about-to-cash-out\/\" title=\"Are Bitcoin\u2019s Long-Term Holders About to Cash Out?\">\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\/image1-3-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Are Bitcoin\u2019s Long-Term Holders About to Cash Out?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>For Ethereum to achieve a $4,000 rally, breaking past the $3,542 resistance level is critical. Ali Martinez, another market analyst, identified key support between $3,030 and $3,130 and resistance between $3,640 and $3,740. A sustained move beyond this range could solidify Ethereum\u2019s upward trajectory, particularly as the market shifts its focus from sell-off rumors to renewed optimism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reports of Ethereum sell-offs by Justin Sun, founder of Tron, have been dismissed, with Sun clarifying the movements were routine wallet transfers rather than liquidations.<\/p>\n","protected":false},"author":9,"featured_media":50565,"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-145477","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>Ethereum Eyes $4,000 as Justin Sun Dismisses Sell-Off 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