Ethereum Price Prediction: Arthur Hayes Sees ETH At $5K, Dumps SOL But These Presales Could Make It The Best Cryptocurrency To Invest In 2024 For Parabolic Growth

adminDecember 27, 2023

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Ethereum price has traded up 6.9% over the past 24 hours. $2,236 As of 2:30 AM EST.

BitMEX founder Arthur Hayes sees a strong future for ETH, predicting that ETH will hit an all-time high of $5,000 and saying he will replace Solana with Ethereum.

Fam… I have something to confess.
While meditating, I received a message from the Lord. He told Sam Coin POS to abandon him and confess his love for Archangel Vitalik.
So I threw it away $SOLand other bots $ETH.$ETH = $5,000
— Arthur Hayes (@CryptoHayes) December 22, 2023

X analyst Pentoshi also predicts an Ethereum rally following the possible approval of an Ethereum exchange-traded fund (ETF) next year.

We kept tweeting. $BTC ETF after 25,000~28,000
Soon we’ll do it all again $ETH 2024 ETFs
Whatever you believe, it’s all game theory. As the date approaches, people will be less willing to sell, while others will feel the need to buy.
$2,7xx and 3.4k… https://t.co/a1yufMX6l7 pic.twitter.com/bbO3EQIkNx
— Pentosh 🐧 euroPeng 🇪🇺 (@Pentosh1) December 23, 2023

Ethereum price prediction

Looking at the 2-hour ETH/USD chart, the Ethereum price could be bullish in the near term as the Relative Strength Index indicator has now moved north and sits above oversold territory. This shows that selling pressure on Ethereum is waning.

However, MACD is moving in risk territory and is likely to be bearish in the near term. This occurs as the Ethereum price moves within a range, suggesting a breakout on either side.

Looking at trading activity, ETH’s trading volume has increased by 14% in the last 24 hours, resulting in high volatility, as evidenced by the currently diverging Bollinger Bands.

ETH/USD 2-hour chart | Source: TradingView

Meanwhile, meme coins have taken center stage with new releases like Meme Kombat, Sponge V2, Wall Street Memes, and more. Analysts say it has enormous potential, as evidenced by investor confidence in its project.

Ethereum Price Prediction: Should You Leverage This Meme Coin Instead?

combat memes (MK) soared past $4.5 million. The price of each MK token is $0.257, but the price will increase in a little over two days.

We passed the $4.5 million mark. $MK Ticketing!
Well done members! pic.twitter.com/5qPR1eax55
— Meme Kombat (@Meme_Kombat) December 25, 2023

To sign up MK pre-sale If you’re feeling crazy, head over to the Meme Kombat website, connect your Web 3 wallet and exchange ETH, USDT or BNB for MK tokens.

Sponge V2: Will this meme coin rise 100x again?

Sponge V2 Emerging as another top player in the meme coin space. The evolution of the original Sponge token is driven by the introduction of SPONGEV2.

This enhanced version aims to build on the success of the initial Sponge token. Sponge V2 follows the notable gains of V1 and is poised to deliver an even more impressive 100x increase. With the future trajectory of Ethereum price uncertain, Sponge V2 could be the ultimate investment.

📣 We are excited to announce this. #sponge Connects from V1 to V2!
your $sponge Earn #SpongeV2 token. 🧽︎
Buy and stake now to receive special V2 token bonuses! Don’t miss it 🔥#memecoin #web3 #bull market pic.twitter.com/bYmkg1TNrU
— $SPONGE (@spongeoneth) December 18, 2023

SPONGEV2 introduces innovative “Stake-to-Bridge” technology to establish unprecedented connectivity with the V1 ecosystem. This unique feature greatly improves the token’s utility.

By staking more SPONGE tokens, investors can increase returns on SPONGEV2 tokens and increase their opportunities for lucrative rewards.

The official SPONGEV2 website simplifies the acquisition process. SPONGEV2 Coins will be paid out at the end of the staking period. Exchange Ethereum or USDT for V2 tokens by connecting your Web3 wallet or using your bank card for hassle-free transactions.

wall street memes

Demonstrating the broad potential of cryptocurrency gaming, Wall Street Meme (WSM) Introducing the latest Wall Street Memes Casino.

New players can take advantage of a hefty 200% sign-up bonus, which extends up to $25,000.

Introducing WALL ST MEMES Casino! 🚨
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— Wall Street Meme Casino (@wsmcasino) October 18, 2023

First-time depositors at WSM can enjoy 200 free spins on the most popular slot games. Owning WSM grants you access to an exclusive community of token holders. WSM Casino, the ability to stake tokens for proportional winnings. The more you bet, the more you profit.