Technical analysis shows a rare golden cross on the Ethereum price chart, which puts the prediction for the altcoin at $8,690. Ethereum (ETH) is exhibiting one of the most bullish patterns in crypto trading, raising the excitement levels for several investors in a brewing altcoin season.
While Ethereum (ETH) commands the spotlight, investors are targeting ETFSwap (ETFS), a newly listed token on Uniswap, for up to 37,900% gains in Q4 2024. For its market solution, experts believe ETFSwap (ETFS) offers a cheap entry on presale as investors eye market gems for huge returns.
ETFSwap (ETFS) Set For A 37,900% Price Move Before 2024 Ends
The Ethereum price surge to $4,000 has been beneficial to other altcoins as investors can now anticipate growing investments in other altcoins. The brewing altcoin season creates a favorable market condition for gems like ETFSwap (ETFS), which only just launched on Uniswap.
ETFSwap (ETFS) is a new blockchain-based platform that aims to deliver the ETF market on-chain. The platform will enable global ETF accessibility, on-chain anonymity, and variable investment conversions via tokenized ETFs backed by actual ETF securities purchased from TradFi.
This tokenization model is becoming one of the more promising narratives to bet on for the bull market. TradFi giants like BlackRock, Grayscale, and Franklin Templeton are some early adopters of this blockchain use case. Tokenizing real-world assets is poised to be one of the best use cases for blockchain and could grow into a $16 trillion market by 2030, as many studies have revealed.
ETFSwap (ETFS) stamps its position in this emerging market as the first decentralized platform for tokenized ETFs. These ETFs will include assets from industries such as energy, healthcare, agriculture, and more. While the new DeFi platform allows crypto investors to diversify into the more refreshing asset class, TradFi investors will have more flexibility to easily convert ETFs and crypto.
The added advantages of ETFSwap (ETFS) promise to drive massive adoption and entice billions in TradFi funds. The on-chain features, such as staking for returns, higher liquidity, lending, zero KYC, and 24/7 market coverage, offer a completely different experience from centralized trading platforms.
Smart investors are already frontrunning the growth on ETFSwap (ETFS) while it’s still trading for cheap on Uniswap. With other tier-1 listings expected to come in a few months, you could get in for cheap and book your chance for life-changing profits. Also, the ETFSwap (ETFS) team has passed the KYC verification by SolidProof, and the token is listed on CoinMarketCap.
Ethereum Price Predicted To Reach $8,690 As A Golden Cross Emerges
To simplify the term, a golden cross in trading is a bullish indicator that is observed when a short-term moving average crosses above a long-term moving average. The Ethereum price chart shows that the 50-day moving average has crossed the 200-day moving average, setting the stage for a massive rally.
Experts believe that once Ethereum (ETH) is able to break resistance at $4,000, investors can expect the next around its $4,878 all-time high. However, the golden cross indicator has raised Ethereum price predictions to $8,690. As of this writing, the Ethereum price is at $3,918, and investors are expecting a surge above $4,000 in the coming weeks.
The Ethereum price awakened following Bitcoin’s rally above $100,000, and experts think positive ETH price action is beneficial for other market altcoins. While the Ethereum price is seeing some competition with Solana (SOL) in the current market rally, experts think the market position for ETH enables it to have greater significance in the market.
Moreover, Bitcoin dominance (BTC.D), which is a key metric to determine the onset of an altcoin season, has been on the decline for the past few weeks. BTC.D has dropped from 61% to 55% since last month, indicating a strong performance by altcoins against Bitcoin (BTC). That being said, some experts see the Ethereum (ETH) as reaching $10,000 during this bull season.
Conclusion
Ethereum price predictions over the past few weeks have been pretty optimistic as technical analysis supports bullish sentiment on the coin. However, smaller altcoins like ETFSwap (ETFS) offer the best opportunities for profit, considering Ethereum (ETH) may be overpriced for explosive gains.
ETFSwap (ETFS) stands out for its growth prospect in this bull rally, and it’s hugely underpriced on Uniswap. This could be a cheap market opportunity that could deliver massive profits in the bull run. Get in now and book massive gains ahead on ETFSwap (ETFS).
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