Swyftx analyst: Multiple factors are expected to help ETH reach new highs this year
Odaily2024/07/24 06:33
By:Odaily
Odaily News Pav Hundal, chief market analyst at Swyftx, believes that although the price of ETH barely moved on the first day of trading for the Ethereum spot ETF, it could still hit a record high this year. If the Ethereum community is looking for another reason to put it back in the spotlight, the unexpected should be expected. It has unprecedented factors. Everyone is looking forward to any good news. He cited the large amount of ETH currently staked and the recent launch of ETFs as two major factors, in addition to the positive sentiment in the options market. Hundal did not specify an exact price forecast, but he believes that ETHs near-term goal is to return to its all-time high of $4,890 set in November 2021. However, he expects that its price may fluctuate in the next 30 days. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Fantom’s Solid Pattern of Higher Lows: What’s Next for FTM Price?
Cryptonewsland•2025/03/14 19:55

LINK’s Nearly 5% Daily Jump Sparks Optimism- Will LINK Reach $20 Soon?
Cryptonewsland•2025/03/14 19:55

Sonic Soars Over 6%—Can a Successful Breakout Send It Toward $1?
Cryptonewsland•2025/03/14 19:55

Solana’s Path to $3,800—Will It Hold Above $130 This Weekend?
Cryptonewsland•2025/03/14 19:55

Trending news
MoreCrypto prices
More
Bitcoin
BTC
$84,047.21
+4.40%

Ethereum
ETH
$1,921.15
+4.14%

Tether USDt
USDT
$1
+0.05%

XRP
XRP
$2.34
+5.32%

BNB
BNB
$585.34
+1.82%

Solana
SOL
$133.56
+10.04%

USDC
USDC
$1
+0.01%

Cardano
ADA
$0.7344
+5.99%

Dogecoin
DOGE
$0.1704
+4.98%

TRON
TRX
$0.2212
-0.82%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now