{"id":252094,"date":"2024-02-22T15:36:35","date_gmt":"2024-02-22T10:06:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-price-rally-gains-momentum-for-4000-here-why-crypto-news\/"},"modified":"2024-02-22T15:36:37","modified_gmt":"2024-02-22T10:06:37","slug":"ethereum-price-rally-gains-momentum-for-4000-here-why-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-price-rally-gains-momentum-for-4000-here-why-crypto-news\/","title":{"rendered":"Ethereum Price Rally Gains Momentum for $4000, Here Why? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Ethereum price is currently trading above the $3000 psychological level after nearly 2 years, backed by massive spikes in trading volumes. Experts predict spot Ether ETFs, rising open interests, and other reasons make a rally to $4,000 imminent, leaving behind Bitcoin.<\/p>\n<h2>Ethereum Price Gains Momentum Above $3,000<\/h2>\n<p>ETH price has rallied nearly 3% in the last 24 hours, defying broader crypto market correction. Bloomberg noted a shift in trends observed in 2023, where Bitcoin typically led the market. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ether-eth-to-outperform-bitcoin-btc-in-coming-months-bloomberg\/\">Ethereum<\/a> (ETH) outpacing Bitcoin (BTC) this year with a remarkable 28% climb compared to Bitcoin\u2019s 21% advance.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Bitcoin dominance has again declined to 51% as Ethereum gains momentum, triggering an upsurge in altcoins. Whale and crypto firms are mainly driving this upside momentum. Whales accumulated significant ETH when price breakout above the $2600 level after a retest to $2250.<\/p>\n<p>Sentiment data revealed a rise in \u2018Social mentions of $3K and buying Ethereum\u2019 in this week. While Ethereum price dipped amid the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/crypto-market-bleeds-reasons-why-bitcoin-eth-sol-xrp-fell-suddenly\/\">crypto market selloff<\/a> yesterday, FOMO and its impact on prices are clearly visible. Meanwhile, Ethereum has an all-time high of 114.95 million holders as compared to 5.22 million holders of Tether (USDT)<\/p>\n<figure style=\"width: 763px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GG5WKB3bAAAOdbo?format=jpg&#038;name=4096x4096\" alt=\"Ethereum\" width=\"763\" height=\"542\"\/><\/noscript><figcaption class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/terra-vs-sec-court-sets-pretrial-deadline-as-do-kwon-set-for-us-extradition\/\">Terra Vs SEC: Court Sets Pretrial Deadline As Do Kwon Set for US Extradition<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h3>ETH Price Rally to $4,000<\/h3>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Experts including analyst Michael van de Poppe predict a consolidation in Bitcoin for the next coming months and suggest rotating much money to the Ethereum ecosystem. People will make profits just by holding ETH rather than day trading as a potential approval of spot Ether ETF looms in May.<\/p>\n<p>Combining spot Ether ETF narrative, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereum-dencun-upgrade-these-six-layer-2-platforms-to-benefit-the-most\/\">Dencun upgrade<\/a>, demand side for restaking airdrop farming, and strong ETHBTC charts in all timeframes, Ethereum price rally will continue for many weeks ahead.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Image\" width=\"794\" height=\"453\" data-lazy-src=\"https:\/\/pbs.twimg.com\/media\/GG5iVT5aQAA-olF?format=jpg&#038;name=large\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/pbs.twimg.com\/media\/GG5iVT5aQAA-olF?format=jpg&#038;name=large\" alt=\"Image\" width=\"794\" height=\"453\"\/><\/noscript><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\">ETH price<\/a> jumped over 3% in the past 24 hours, with the price currently trading at $3,017. The 24-hour low and high are $2,875 and $3,021, respectively. However, the trading volume has declined slightly in the last 24 hours. As per a CoinGape Markets analysis, an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/ethereum-price-prediction-eth-hits-2700-3600-milestone-next\/\">ETH rally<\/a> to $4000 is imminent.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Moreover, 792K\u00a0ETH options of notional value $2.4 billion are set to expire, with a put call ratio of 0.49. The max pain point is $2,400. Options and futures traders are bullish on Ethereum, making higher bets<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ethereum options\" width=\"743\" height=\"275\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/screenshot-metrics.deribit.com-2024.02.21-15_17_18.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/screenshot-metrics.deribit.com-2024.02.21-15_17_18.png\" alt=\"Ethereum options\" width=\"743\" height=\"275\"\/><\/noscript><\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereums-vitalik-buterin-highlights-permanent-money-loss-risk-in-l2\/\">Ethereum\u2019s Vitalik Buterin Highlights Permanent Money Loss Risk in L2<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/ethereum-price-rally-gains-momentum-4000-here-why\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/ethereum-price-rally-gains-momentum-4000-here-why\/\"><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=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA181875\">\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>Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.                         <\/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\/f187fb5b7b3b0b9367ef83384cb40d5f?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\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?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=\"TabD181875\">\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><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/7-cryptocurrency-trends-you-cant-miss-today\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T183500.005.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"7 Cryptocurrency Trends You Can't-Miss Today\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T183500.005.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T183500.005-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T183500.005-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">7 Cryptocurrency Trends You Can\u2019t-Miss Today <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/is-worldcoin-missing-out-with-openais-sora-launch\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T161017.264.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Is Worldcoin Missing Out with OpenAI's Sora Launch?\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T161017.264.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T161017.264-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T161017.264-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">OpenAI Makes Worldcoin Better \u2013 Should You Try It? <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/can-crypto-and-ai-thrive-together\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T130214.985.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Can Crypto and AI Thrive Together?\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T130214.985.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T130214.985-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-21T130214.985-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Can Crypto and AI Thrive Together? <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/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 is currently trading above the $3000 psychological level after nearly 2 years, backed by massive spikes in trading volumes. Experts predict spot Ether ETFs, rising open interests, and other reasons make a rally to $4,000 imminent, leaving behind Bitcoin. Ethereum Price Gains Momentum Above $3,000 ETH price has rallied nearly 3% in the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":245124,"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-252094","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\/252094","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=252094"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252094\/revisions"}],"predecessor-version":[{"id":252095,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252094\/revisions\/252095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/245124"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=252094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=252094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=252094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}