{"id":240909,"date":"2024-02-03T23:23:08","date_gmt":"2024-02-03T17:53:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/key-obstacle-in-eths-path-to-reclaim-3k-mark-crypto-news\/"},"modified":"2024-02-03T23:23:11","modified_gmt":"2024-02-03T17:53:11","slug":"key-obstacle-in-eths-path-to-reclaim-3k-mark-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/key-obstacle-in-eths-path-to-reclaim-3k-mark-crypto-news\/","title":{"rendered":"Key Obstacle in ETH\u2019s Path to Reclaim $3K Mark &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-178427\">\n<p>\nEthereum Price Prediction: The ETH price potential breakout from a 50% retracement level will accelerate buying pressure for sustainable growth.\t\t\t\t<\/p>\n<div class=\"marketThumbs\">\n             <\/div>\n<p class=\"MarketsUp f-14 d-block\">  Published 6 seconds ago <\/p>\n<div class=\"SocialMarketS d-flex position-static\">\n<div class=\"Socilsm w-100 justify-content-between\">\n<div class=\"LinksSo p-0\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-obstacle-in-eth-path-3k-mark\/&#038;text=Ethereum Price Prediction: Key Obstacle in ETH\u2019s Path to Reclaim $3K Mark\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-obstacle-in-eth-path-3k-mark\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/ethereum-price-prediction-obstacle-in-eth-path-3k-mark\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<div class=\"ads\">\n<p>    <span><br \/>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bit.ly\/3RLIAHh\" class=\"ml-2\"><br \/>\n      <img width=\"252\" height=\"63\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/bestCrypto.png\" alt=\"bons\" decoding=\"async\" loading=\"lazy\" class=\"image-ads-title-button\"\/><br \/>\n      <\/a><br \/>\n    <\/span><\/div>\n<\/p><\/div>\n<p>                    <!-- \n\n<div class=\"m-on\">\n<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bydfi.com\/invite?ru=6FPHxM&f=coingape\" class=\"add-container border-chnage ml-2\"> <img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20150%2040'%3E%3C\/svg%3E\" alt=\"Bonus\" decoding=\"async\" class=\"image-ads\" width=\"150\" height=\"40\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\"><noscript><img src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\" alt=\"Bonus\" decoding=\"async\" loading=\"lazy\" class=\"image-ads\" width=\"150\" height=\"40\"><\/noscript>\n    <\/a>\n<\/div>\n\n -->\n                <\/div>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Ethereum Price Prediction:\u00a0 After Grayscale\u2019s GBTC outflow slowed down, the overall market saw a reduction in selling pressure, sparking a relief rally across cryptocurrencies. This change in market dynamics, coupled with increased buying interest, allowed the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/ethereum-price-prediction-as-eth-eyes-upcoming-dencun-upgrade-igniting-run-to-4000\/\">Ethereum<\/a> (ETH) Price to recover from its local support level of $2170 in late January.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">Within the last two weeks, the coin price surged 6% to current trade at $2300. With Ethereum\u2019s Dencun upgrade progressing at a steady pace, the coin value is likely to develop the current reversal in a more sustainable recovery.<\/span><\/p>\n<h2><b>New Found Support Bolster ETH Price to Hit $2700<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Ethereum\u2019s Fear and Greed index at 55% reflects the market sentiment remains neutral<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The supply pressure at $2390 may trigger a sideways action in ETH price for the coming week<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in Ether is $5.09 Billion, indicating a 34% gain.<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ethereum Price Prediction\" width=\"1946\" height=\"937\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/2\/2mi7YHs7.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/2\/2mi7YHs7.png\" alt=\"Ethereum Price Prediction\" width=\"1946\" height=\"937\"\/><\/noscript><figcaption class=\"wp-caption-text\">Ethereum Price Prediction| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">Ethereum price<\/a> correction witnessed a surge in demand pressure at $2170 monthly support above the 50% retracement level. This healthy pullback and improved market sentiment triggered a positive turn to $2390 this week.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">During this surge, the much-anticipated Dencun upgrade was deployed on the Sepolia testnet. This hard fork introduces \u201cproto-danksharding,\u201d a feature designed to improve scalability and lower transaction fees for Ethereum users.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once fully implemented, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereums-dencun-upgrade-nears-mainnet-debut-will-eth-rally\/\">Dencun upgrade<\/a> is poised to substantially boost Ethereum\u2019s network, potentially supporting over 100,000 transactions per second. The last test phase before Dencun goes live on the Ethereum mainnet is the Holesky testnet, set for February 7, 2024.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">More testnet blobs on the way .oO <\/p>\n<p>Dencun will activate on Sepolia Jan 30, and on Holesky Feb 7. If running a node on either network, now&#8217;s the time to update it! <\/p>\n<p>Assuming both of these go smoothly, mainnet is next \u2705<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/QbEUACix2S\">https:\/\/t.co\/QbEUACix2S<\/a><\/p>\n<p>\u2014 timbeiko.eth \u2600\ufe0f (@TimBeiko) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TimBeiko\/status\/1750344001641947256?ref_src=twsrc%5Etfw\">January 25, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">This fundamental growth should bolster a natural growth in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/mysterious-9-year-old-ethereum-wallet-reactivates-with-1-1m\/\">ETH<\/a> price and return back to the recovery trend. Therefore, for the buyers to get a better conviction of recovery, they must break the key overhead resistances of $2390 and the 50% retracement level of correction at $2410.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">The post-breakout rally may surge the Ether by over 10% to rechallenge the last peak of $2700. This level stands as the next key barrier before buyers reclaim the $3000 milestone.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Exponential Moving Average (EMA): <\/b><span style=\"font-weight: 400;\">The 100-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA<\/a> slope continues to act as strong dynamic support for ETH during minor pullbacks.<\/span><\/li>\n<li aria-level=\"1\"><b>Vortex Indicator: <\/b><span style=\"font-weight: 400;\">The VI+(blue) and VI-(pink) in a bearish crossover state reflect the correction trend is still active.<\/span><\/li>\n<\/ul>\n<h3>Related Articles:<\/h3>\n<\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-obstacle-in-eth-path-3k-mark\/&#038;text=Ethereum Price Prediction: Key Obstacle in ETH\u2019s Path to Reclaim $3K Mark\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/ethereum-price-prediction-obstacle-in-eth-path-3k-mark\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-obstacle-in-eth-path-3k-mark\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/ethereum-price-prediction-obstacle-in-eth-path-3k-mark\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA178427\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD178427\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum Price Prediction: The ETH price potential breakout from a 50% retracement level will accelerate buying pressure for sustainable growth. Published 6 seconds ago Ethereum Price Prediction:\u00a0 After Grayscale\u2019s GBTC outflow slowed down, the overall market saw a reduction in selling pressure, sparking a relief rally across cryptocurrencies. This change in market dynamics, coupled with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":239622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-240909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/240909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=240909"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/240909\/revisions"}],"predecessor-version":[{"id":240910,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/240909\/revisions\/240910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/239622"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=240909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=240909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=240909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}