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Analysts predict ETH could hit $5,000 or even $10,000, with key resistance at $3,750 signaling a potential breakout.Since then, though, ETH started losing steam, tumbling to approximately $3,500 amid the latest market correction observed at the start of the new business week. In the past several hours, the bulls have prevented a further fall, pushing the price to the current $3,720 .The popular trader using the X moniker CoinMamba predicted a new all-time high of $5,000 before the end of 2024.
The X user also assumedSome essential indicators suggest that ETH could indeed be poised for an upside move. One example is the increase in Ethereum’s daily active addresses. According to IntoTheBlock, the figure hasis the Net Network Growth . It is up 0.30% dailyOn the other hand, the “In the Money” indicator, which measures the change in the number of ETH investors currently sitting on paper profits, is slightly down for the same period.
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