Swyftx analyst: Multiple factors are expected to help ETH reach new highs this year
Odaily2024/07/24 06:33
By:Odaily
Odaily News Pav Hundal, chief market analyst at Swyftx, believes that although the price of ETH barely moved on the first day of trading for the Ethereum spot ETF, it could still hit a record high this year. If the Ethereum community is looking for another reason to put it back in the spotlight, the unexpected should be expected. It has unprecedented factors. Everyone is looking forward to any good news. He cited the large amount of ETH currently staked and the recent launch of ETFs as two major factors, in addition to the positive sentiment in the options market. Hundal did not specify an exact price forecast, but he believes that ETHs near-term goal is to return to its all-time high of $4,890 set in November 2021. However, he expects that its price may fluctuate in the next 30 days. (Cointelegraph)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
YBUSDT now launched for futures trading and trading bots
Bitget Announcement•2025/10/15 11:07
[Initial Listing] Bitget Will List ZEROBASE (ZBT). Come and grab a share of 1,750,000 ZBT
Bitget Announcement•2025/10/15 10:00
New spot margin trading pair — ENSO/USDT!
Bitget Announcement•2025/10/15 10:00
Onchain Challenge (Phase 23) — Trade and share 120,000 BGB in airdrops
Bitget Announcement•2025/10/15 09:00

Trending news
MoreCrypto prices
More
Bitcoin
BTC
$111,574.98
-0.91%

Ethereum
ETH
$4,026.52
-1.96%

Tether USDt
USDT
$1
+0.01%

BNB
BNB
$1,192.35
-1.82%

XRP
XRP
$2.43
-3.12%

Solana
SOL
$195.36
-3.77%

USDC
USDC
$1
+0.03%

TRON
TRX
$0.3212
+1.08%

Dogecoin
DOGE
$0.1978
-3.17%

Cardano
ADA
$0.6734
-3.38%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now