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Monday, December 9, 2024

Today Ethereum Reached $3,900, Here's the ETH Price Prediction for 2025 and 2030

Explore Ethereum's (ETH) journey to $3,900 and beyond with bullish predictions for 2025 and 2030. Discover key drivers like institutional inflows, whale activity, DeFi growth, and network upgrades, alongside critical resistance levels and long-term outlooks.

As the second-largest cryptocurrency by market capitalization, Ethereum (ETH) continues to captivate the market's attention. Amid broader volatility, ETH’s performance suggests strong bullish momentum, supported by institutional interest, increasing on-chain activity, and favorable market sentiment.

Recent Performance and Price Movement

At the time of writing, ETH is trading at $3,895 after experiencing a 5.06% increase with its highest price in 24 hours being $3,901. The current ETH RSI value is even at 72 which means the buying trend is more dominant than the selling trend, even tending to be overbought.

The daily trading volume surged by 4% to over $42 billion, reflecting heightened investor activity. ETH has rebounded above the critical $3,500 resistance level, with technical indicators like the 50-day EMA crossing above the 200-day EMA signaling potential for further gains.

The uptrend aligns with a broader market shift. Bitcoin (BTC) recently reached $100,000, boosting investor confidence across the altcoin market, including Ethereum. However, ETH’s price remains 21% below its all-time high (ATH) of $4,891, set in November 2021.

Institutional Activity and ETFs Driving Growth

Institutional interest in Ethereum has intensified, particularly through exchange-traded funds (ETFs). U.S.—based spot Ethereum ETFs reported eight consecutive days of net inflows, totaling $901.3 million as of early December.

Key contributors include BlackRock’s ETHA fund, with $65.3 million in inflows, and Fidelity’s FETH fund, with $73.7 million.

Despite outflows from Grayscale’s Ethereum Trust (ETHE), the overall inflow trend indicates growing confidence among institutional investors, further supporting Ethereum’s price trajectory.

Whale and Retail Activity Boost On-Chain Metrics

Ethereum whales have played a pivotal role in recent price movements. Whales holding 10K to 100K ETH increased their holdings by 460K ETH in the past week, while those with larger stakes (100K to 1 million ETH) reduced theirs by 490K ETH. This redistribution suggests a shift of ETH from institutions to retail whales.

On-chain activity has also intensified, with Ethereum registering a net outflow of $820 million from exchanges over seven days, indicating accumulation by long-term holders. The total number of Ethereum holders rose to 133.21 million on December 4, emphasizing rising retail interest.

DeFi and Network Growth

Ethereum's decentralized finance (DeFi) sector continues to thrive, with total value locked (TVL) reaching $72.9 billion. This robust ecosystem supports broader adoption and reinforces Ethereum’s position as a foundational blockchain for DeFi, NFTs, and decentralized applications.

Furthermore, staking flows have seen consistent inflows, reflecting long-term investor confidence. A growing amount of ETH is being locked in staking protocols, reducing available supply and supporting price appreciation.

ETH Price Predictions in 2025 & 2030 and Market Sentiment

Industry experts and financial institutions are optimistic about Ethereum's long-term potential:

1. Deltec Bank predicts ETH could reach $10,000 by 2025 and $22,500 by 2030.

2. Standard Chartered projects a 2025 target of $14,000, citing Ethereum’s network upgrades and potential scalability improvements.

3. Gigantic-Cassocked-Rebirth (GCR) anticipates a $10,000 price point, driven by DeFi growth and adoption of Ethereum 2.0.

4. Finder analysts forecast an average price of $6,105 by 2025, underpinned by institutional investment and technological advancements.

Goldman Sachs has even suggested that Ethereum could surpass Bitcoin as a store of value, thanks to its extensive use in DeFi and its foundational role in blockchain innovation.

Challenges and Key Levels to Watch

While optimism abounds, Ethereum faces significant resistance at $4,000 and its ATH near $4,891. A clear break above these levels, supported by sustained volume and on-chain activity, could validate bullish patterns like the cup-and-handle formation, potentially driving ETH toward new highs of $7,000 or beyond.

However, a daily close below $3,400 could invalidate the current bullish thesis, sending ETH toward support levels around $2,817.

Conclusion

Ethereum's recent rally is a confluence of institutional interest, strong on-chain metrics, and technological advancements. As it edges closer to the psychologically significant $4,000 mark, ETH appears poised for a defining move. While risks remain, the long-term outlook for the leading altcoin remains promising, with the potential to reclaim its ATH and embark on a new bullish cycle.

Investors should monitor critical resistance levels, market sentiment, and macroeconomic conditions to navigate the evolving landscape effectively.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
 
This Press Release has also been published on VRITIMES

 

Nusantara Global Network Partners with HF Markets to Launch Exclusive Rebate Program

Nusantara Global Network is excited to announce its latest partnership with HF Markets, aimed at providing innovative and highly beneficial trading opportunities. This strategic collaboration introduces an exclusive Rebate Program for Standard and Pro accounts, designed to enhance trading efficiency and reward traders with significant rebates.

The collaboration between Nusantara Global Network and HF Markets presents a comprehensive Rebate Program, giving traders the chance to earn rebates based on their trading activity. This program is expected to revolutionize the trading experience by offering immediate and attractive financial rewards.

“We are thrilled to partner with HF Markets and introduce this sophisticated Exclusive Rebate Program,” said the chairman of the Nusantara Global Network. “This collaboration aligns perfectly with our commitment to offering exceptional trading opportunities and tools to our community. The Exclusive Rebate Program will empower traders to maximize their earnings while enjoying a seamless trading experience.”

The key benefits of the new Exclusive Rebate Program include:

Exclusive Rebate for Standard & Pro Accounts:
-Trade as low as 0.01 lot to earn rebates up to $67.50.

-Rebates are credited daily to the trading account at 9 AM.

-Positions held for 2 minutes or more qualify for the full rebate, while positions held for less than 2 minutes will receive half the rebate.

“We see our partnership with Nusantara Global Network as a significant milestone for HF Markets,” said HF Markets. “This Exclusive Rebate Program showcases our dedication to providing traders with innovative solutions and a superior trading experience. We are confident this program will deliver substantial value to our clients and set a new standard in the industry.”

The Exclusive Rebate Program is available for various account types, including:

Premium, Cent, and Top-Up Bonus Accounts:
-Gold: $13.50 per lot
-FX: $8.10 per lot

Pro & Zero Spread Accounts:

-Gold: $6.30 per lot

-FX: $3.60 per lot

This collaboration is part of a broader industry trend towards providing more profitable and trader-friendly solutions. By integrating HF Markets Exclusive Rebate Program, Nusantara Global Network continues to demonstrate its commitment to enhancing trading opportunities and supporting its clients with the latest tools and incentives.

About HF Markets
HF Markets is a leading trading broker known for its advanced trading solutions and exceptional customer support. The company provides a variety of trading services, including the Exclusive Rebate Program, designed to deliver superior trading experiences and support to traders worldwide.  

About Nusantara Global Network
HF Markets is a prominent trading broker renowned for its advanced trading solutions and exceptional customer support. The company offers a variety of trading services, including the Exclusive Rebate Program, designed to deliver an outstanding trading experience and support to traders globally.
 
This Press Release has also been published on VRITIMES

 

WOOBIE’s Makeover! World Bazaar Festival Mascot Powered by Advanced Technology


Wazzup Pilipinas!?


The annual World Bazaar Festival organized by Worldbex Services International (WSI) has always been ready to serve something new on the table. For 24 years now, as the longest-running charity bazaar in the Philippines, it is truly anticipated by loyal bazaaristas with great anticipation. And this year, just as the event never gets any older, the World Bazaar Festival unveils WOOBIE —the official mascot, from its spectacular makeover through an advanced use of technology.



This WOOBIE campaign was launched last November 30 across World Bazaar Festival’s social networking sites. Along with the flamboyant lawn letters below, the campaign shows WOOBIE sitting enthusiastically at the top of the World Trade Center Metro Manila, excited to welcome everyone to the grandest holiday bazaar in the country. Surely, this adds excitement to what the bazaar has to offer this time. Beaming with pride and joy, Worldbex Services International (WSI) proves that they are the leading event organizers in the country, as the first to make an animation campaign amongst exhibition companies in the Philippines. Well, kudos to NEN Digital, WSI’s digital partner, for making this possible.

Aside from this animation campaign, the World Bazaar Festival also introduces “WOOBRICK”, the cutesy little brick version of WOOBIE which you can paint however you like, and “WOOBIE Charm”, an anik-anik version of WOOBIE, both available at the gift shop. Safe to say that this year is definitely WOOBIE’s year of awesome transformations!

and the ALAFOP. With almost 300 MSMEs as exhibitors, the bazaar will cover products that varies from jewelries and accessories, giftware, bath & body perfume, RTWs, cosmetics and hair care to christmas decor, books, toys, souvenirs, travel goods, leather goods, stationeries, car accessories, telecommunication, footwear as well as food and beverages, bread and pastries, among others. Furthermore, DTI MIMAROPA will be joining to promote the unique merchandise made by the local manufactures from the region. Likewise, the DA will be displaying the goods that are cultivated by our local farmers.

Such products are truly worth sharing to the world, the bazaar is a perfect platform for entrepreneurs to showcase their goods to the diversity of buyers out there. Garnering over 150,000 foot traffic, it is a great avenue to make brands known and establish recall of products and services to every visitor. While for the loyal bazaaristas, there is no need to fret about running out of cash as MAYA —WBF’s official payment partner, is ready to provide easy and convenient cashless transactions for everyone.

True enough, there are a multitude of ways to celebrate the Christmas season. And the World Bazaar Festival is absolutely one to check out. With fun activities, thrilling competitions, explosive performances, a wide range of products to satisfy your shopping spree, and the charity that this bazaar has been doing for more than two decades, WOOBIE is giving you the best reasons to shop all the way!

Grab your tickets now at worldbazaarfestival.com and catch us on December 13-22, 2024 from 10AM to 10PM at the World Trade Center Metro Manila to experience the ultimate holiday experience. WBF 2024 is organized by Worldbex Services International (WSI) and for the benefit of ABS-CBN Foundation Inc.

Ang Pambansang Blog ng Pilipinas Wazzup Pilipinas and the Umalohokans. Ang Pambansang Blog ng Pilipinas celebrating 10th year of online presence
 
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