Ethereum (ETH) Price Prediction Today
Ethereum Blockchain ETH ETH is paying great attention to the Crypto community and former US President Donald Trump. Since his inauguration, his project seems to have accumulated a lot of ETH.
Donald Trump’s $ 5 million investment in Ethereum (ETH)
On January 27, 2024, Arkham Intelligence, the headquarters of the blockchain security company, revealed on X (formerly Twitter) that Trump’s world freedom project recently invested in Ethereum (ETH).
According to the post on X, Arkham revealed that Trump’s project has just purchased 1,623 Ethereum (ETH), worth $ 4.99 million. Since his inauguration, his project has purchased ETH worth more than one billion US dollars, which shows the potential of Ethereum.
ETH out of $ 273 million
Data on the chain Analytical company It is revealed that the exchange has witnessed the outflow of ETH worth $ 273 million, indicating potential accumulation. This also implies an ideal buying opportunity, which may increase purchase pressure and trigger further rising rally.
With the rise of interest and confidence between investors and long -term holders, ETH’s transaction volume has soared 220 % in the past 24 hours. However, ETH’s current transaction price is close to $ 3,110, and the price at the same time has dropped by 7.10 %.
The trading volume of the record shows that investors may use prices to fall.
Ethereum price action and upcoming level
According to the technical analysis of experts, Eto’s ETH seems to see a bullish, because it has formed a bullish wedge price action mode within the daily range, and the current price is at a lower trend line.
Based on the recent price actions and historical momentum, ETH can soar 30 % to $ 4,100 and reach the level of $ 3,350 in the future.
However, this price forecast is based on long -term and short -term ETH holders.
