{"id":635121,"date":"2024-08-14T00:30:36","date_gmt":"2024-08-14T00:30:36","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=635121"},"modified":"2024-08-14T00:14:36","modified_gmt":"2024-08-14T00:14:36","slug":"ethereum-price-75-4723","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/ethereum\/ethereum-price-75-4723\/","title":{"rendered":"Ethereum Price Ready For 75% Breakout To $4,723, Here\u2019s Why"},"content":{"rendered":"

Crypto analyst Javon Marks<\/span><\/a> has predicted that <\/span>Ethereum (ETH)<\/span><\/a> could enjoy a 75% breakout and rise to $4,723. The analyst also explained why this parabolic rally is possible for the <\/span>second-largest crypto<\/span><\/a> by market cap.<\/span><\/p>\n

Why A Rise To $4,723 Is Possible For Ethereum<\/h2>\n

Marks mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that <\/span>Ethereum\u2019s price<\/span><\/a> is poised to rise to $4,723 as bull divergences continue to hold within a massive climb since breaking out. He added that the 75% move to this target and above can take place with the <\/span>breakout and divergence<\/span><\/a> holding.\u00a0<\/span><\/p>\n

Related Reading: Legendary Fibonacci Extension Reveals When Bitcoin Will Reach $109,000<\/a><\/div>\n
\"Ethereum
Source: X<\/figcaption><\/figure>\n

From the chart he shared, Marks also suggested that Ethereum\u2019s price could rise to $8348. However, the analyst didn\u2019t provide a timeline for when ETH will reach this price target. <\/span>Crypto analyst Altcoin Daily<\/span><\/a> also recently <\/span>predicted<\/span><\/a> that Ethereum could rise above $8,000 as he put his peak price target for ETH in this bull run at $8,800. Crypto analyst Poseidon also <\/span>believes <\/span><\/a>that Ethereum’s price can rise as high as $8,000.\u00a0<\/span><\/p>\n

Meanwhile, crypto analyst DavidOnCrypto has provided a timeline for when Ethereum could reach $8,000, <\/span>stating<\/span><\/a> that it will happen in the next six months. He claimed that ETH\u2019s move from its current price level to $8,000 would foreshadow the move that Bitcoin enjoyed as it rose from <\/span>$25,000 to $70,000<\/span><\/a>.\u00a0<\/span><\/p>\n

\"Ethereum
Source: X<\/figcaption><\/figure>\n

Ethereum investors will undoubtedly be wary of such price targets, considering how much the crypto token has underperformed compared to Bitcoin since the start of the year. However, crypto analysts like Roman <\/span>have assured<\/span><\/a> that Ethereum\u2019s time will come when it will make that parabolic run in this market cycle.<\/span><\/p>\n

The analyst explained that it wasn\u2019t unusual for Ethereum\u2019s price to lag while Bitcoin hit new highs. He alluded to 2020 when ETH was down 80% from its all-time high (ATH) while the <\/span>flagship crypto broke its ATH<\/span><\/a>. Roman predicted that Ethereum would make its run by year-end, as that is when he believes liquidity will begin to shift from Bitcoin to <\/span>Ethereum and other altcoins<\/span><\/a>.<\/span><\/p>\n

Some Positives For ETH<\/h2>\n

Crypto analyst Crypto Kaleo<\/span><\/a> recently stated that he is confident that Bitcoin\u2019s dominance has hit cycle top. This represents a positive for Ethereum\u2019s price as Crypto Kaleo noted that altcoins will begin to gain ground starting with the \u201cking\u201d ETH. He added that the real altcoin season begins when <\/span>Bitcoin\u2019s dominance<\/span><\/a> drops beneath 50%.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Says End Of This Bitcoin Bear Trap Could Drive Price To $72,000<\/a><\/div>\n
\"Ethereum
Source: X<\/figcaption><\/figure>\n

Meanwhile, <\/span>Grayscale\u2019s Ethereum Trust (ETHE)<\/span><\/a>, which has recently contributed much of the selling pressure on Ethereum, recorded its first zero-flow day since converting to a Spot Ethereum ETF.\u00a0<\/span><\/p>\n

This is undoubtedly a positive for Ethereum, especially considering that <\/span>Grayscale\u2019s Bitcoin Trust (GBTC)<\/span><\/a> recorded 78 consecutive outflow days before registering its first day without an outflow. On the other hand, ETHE achieved this feat on the fourteenth day of trading as a <\/span>Spot Ethereum ETF<\/span><\/a>.\u00a0<\/span><\/p>\n

\"Ethereum
ETH price at $2,550 | Source: ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Javon Marks has predicted that Ethereum (ETH) could enjoy a 75% breakout and rise to $4,723. The analyst also explained why this parabolic rally is possible for the second-largest crypto by market cap. Why A Rise To $4,723 Is Possible For Ethereum Marks mentioned in an X (formerly Twitter) post that Ethereum\u2019s price is poised to rise to $4,723 as bull divergences continue to hold within a massive climb since breaking out. He added that the 75% move to this target and above can take place with the breakout and divergence holding.\u00a0 Related Reading: Legendary Fibonacci Extension Reveals When Bitcoin Will Reach $109,000 From the chart he shared, Marks also suggested that Ethereum\u2019s price could rise to $8348. However, the analyst didn\u2019t provide a timeline for when ETH will reach this price target. Crypto analyst Altcoin Daily also recently predicted that Ethereum could rise above $8,000 as he put his peak price target for ETH in this bull run at $8,800. Crypto analyst Poseidon also believes that Ethereum’s price can rise as high as $8,000.\u00a0 Meanwhile, crypto analyst DavidOnCrypto has provided a timeline for when Ethereum could reach $8,000, stating that it will happen in the next six months. He claimed that ETH\u2019s move from its current price level to $8,000 would foreshadow the move that Bitcoin enjoyed as it rose from $25,000 to $70,000.\u00a0 Ethereum investors will undoubtedly be wary of such price targets, considering how much the crypto token has underperformed compared to Bitcoin since the start of the year. However, crypto analysts like Roman have assured that Ethereum\u2019s time will come when it will make that parabolic run in this market cycle. The analyst explained that it wasn\u2019t unusual for Ethereum\u2019s price to lag while Bitcoin hit new highs. He alluded to 2020 when ETH was down 80% from its all-time high (ATH) while the flagship crypto broke its ATH. Roman predicted that Ethereum would make its run by year-end, as that is when he believes liquidity will begin to shift from Bitcoin to Ethereum and other altcoins. Some Positives For ETH Crypto analyst Crypto Kaleo recently stated that he is confident that Bitcoin\u2019s dominance has hit cycle top. This represents a positive for Ethereum\u2019s price as Crypto Kaleo noted that altcoins will begin to gain ground starting with the \u201cking\u201d ETH. He added that the real altcoin season begins when Bitcoin\u2019s dominance drops beneath 50%.\u00a0 Related Reading: Crypto Analyst Says End Of This Bitcoin Bear Trap Could Drive Price To $72,000 Meanwhile, Grayscale\u2019s Ethereum Trust (ETHE), which has recently contributed much of the selling pressure on Ethereum, recorded its first zero-flow day since converting to a Spot Ethereum ETF.\u00a0 This is undoubtedly a positive for Ethereum, especially considering that Grayscale\u2019s Bitcoin Trust (GBTC) recorded 78 consecutive outflow days before registering its first day without an outflow. On the other hand, ETHE achieved this feat on the fourteenth day of trading as a Spot Ethereum ETF.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":635192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,89213,16163,1946,7931,6931,8686,78803],"class_list":["post-635121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Ready For 75% Breakout To $4,723, Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"Crypto analyst Javon Marks has predicted that Ethereum (ETH) could enjoy a 75% breakout and rise to 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/shenyangcang.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Ready For 75% Breakout To $4,723, Here\u2019s Why","url":"http:\/\/shenyangcang.com\/news\/ethereum\/ethereum-price-75-4723\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/ethereum\/ethereum-price-75-4723\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/08\/Ethereum_8ded2c.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/08\/Ethereum_8ded2c.jpeg?fit=1792%2C1024"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","eth news","eth price","ethereum","ethereum news","ethereum price","ethusd","ethusdt"],"dateCreated":"2024-08-14T00:30:36Z","datePublished":"2024-08-14T00:30:36Z","dateModified":"2024-08-14T00:30:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Ready For 75% Breakout To $4,723, Here\\u2019s Why\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/ethereum\\\/ethereum-price-75-4723\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/ethereum\\\/ethereum-price-75-4723\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Ethereum_8ded2c.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Ethereum_8ded2c.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"eth news\",\"eth price\",\"ethereum\",\"ethereum news\",\"ethereum price\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-08-14T00:30:36Z\",\"datePublished\":\"2024-08-14T00:30:36Z\",\"dateModified\":\"2024-08-14T00:30:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/08\/Ethereum_8ded2c.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/635121"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=635121"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/635121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/635192"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=635121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=635121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=635121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}