{"id":27019,"date":"2024-12-09T17:14:23","date_gmt":"2024-12-09T17:14:23","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=27019"},"modified":"2024-12-09T17:14:23","modified_gmt":"2024-12-09T17:14:23","slug":"ethereum-charts-hint-at-a-potential-new-eth-ath-this-week","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=27019","title":{"rendered":"Ethereum Charts Hint at a Potential New ETH ATH This Week"},"content":{"rendered":"

Ethereum is making noise again, with ETH price ticking up steadily and Ether analysts whispering about a possible all-time high<\/a> on the horizon.<\/p>\n

Momentum is building fast, fueled by rising adoption, a flood of ETF inflows<\/a>, and shifting political dynamics. Together, these factors are stacking up to position Ether for both near-term gains and long-term dominance.<\/p>\n

Active Addresses on Ethereum Surge by 36% Month-On-Month<\/h2>\n

Ethereum\u2019s <\/p>\n

<\/span><\/p>\n


\n
\n
\n
\n <\/span>
\n <\/span>
\n <\/span><\/span><\/span><\/span><\/p>\n


\n <\/span>
\n <\/span>
\n
\n <\/span>
\n <\/span><\/p>\n


\n
\n <\/p>\n


\n
\n
\n
\n <\/span>
\n <\/span>
\n <\/span>
\n <\/span>
\n
\n Price<\/span>
\n
\n <\/span>
\n
\n <\/span>
\n <\/span>
\n <\/span>
\n <\/span>
\n
\n
\n Trading volume in 24h<\/span><\/span><\/span><\/span><\/span><\/p>\n


\n <\/span>
\n <!–
\n ?<\/span>
\n <\/span> –>
\n
\n
\n Last 7d price movement<\/span>
\n <\/span>
\n <\/span><\/p>\n

<\/p>\n


\n <\/p>\n

bullish pulse is impossible to miss, with active blockchain addresses spiking 36% over the last month. Numbers don\u2019t lie\u2014306,000 to 417,000 participants isn\u2019t a gentle uptick; it\u2019s evidence of a network firing on all cylinders.<\/p>\n

The rise isn\u2019t hype-driven but a clear signal of organic demand driving adoption \u2013 symptomatic of an unfurling bull run.<\/p>\n

(CryptoQuant<\/a>)<\/p>\n

CryptoQuant expert Burak Kesmeci pointed out how this growth reflects a resurgence of interest from retail and institutional users, fueling a fresh wave of optimism across the Ethereum ecosystem.<\/p>\n

\u201cThis growth indicates an organic resurgence of interest and increased participation from users,\u201d Kesmeci noted.\u00a0\u201cThe link between active addresses and price progression illustrates genuine demand, distinguishing this from speculative cycles of the past.\u201d<\/p>\n

This uptick couldn\u2019t have come at a better time, as Ethereum builds momentum to potentially break past its all-time high.<\/p>\n

Bullish Momentum Behind Ether and Ethereum ETF Flows<\/h2>\n

Beyond the user activity boom, Ethereum also benefits from substantial crypto-related ETFs inflows. Recent data revealed $1.41 billion<\/a> pouring into spot ETFs, setting the stage for sustained interest from institutional players.<\/p>\n

These inflows are thought to provide much-needed price stability, offering a solid foundation for Ethereum\u2019s bullish movement.<\/p>\n

#ETHEREUM<\/a> CAN BREAKOUT ANY MOMENT NOW. pic.twitter.com\/YkOfZrb66N<\/a><\/p>\n

\u2014 Crypto Rover (@rovercrc) December 9, 2024<\/a><\/p>\n\n

Fellow trader Poseidon echoed similar sentiments, predicting Ethereum could break out of a long-standing range to achieve far greater highs.<\/p>\n

DISCOVER: The Best Method To Accumulate Ethereum in 2024<\/a><\/strong><\/p>\n

Political Tailwinds Boost Market Sentiment<\/h2>\n

The U.S. election results have also contributed to Ethereum\u2019s recent rally. The victory of a crypto-friendly president has rekindled investor confidence in the financial markets. This sentiment and Ethereum\u2019s 70% price surge since November have helped ETH stabilize around $4,000\u2014its highest point in nine months.<\/p>\n

Political clarity and favorable regulatory prospects provide Ethereum with a much-needed runway to attract new capital and users. Analysts believe these conditions could pave the way for an \u201caltseason\u201d by early 2025, with Ethereum leading the charge toward broader market recovery.<\/p>\n

(AltSeason<\/a>)<\/p>\n

From a technical standpoint, Ethereum appears primed for a significant move. Current resistance is pegged at $3,800, a level 99Bitcoin\u2019s analysts say could pave the way for retesting its all-time high of $4,878. Further support for this bullish narrative comes from increased ETF flows and growing retail participation, indicating lasting confidence among investors.<\/p>\n

With Ether already showing structural changes and consistent upward momentum, some experts believe a 24% weekly gain to hit a new high isn\u2019t out of the question. Others even speculate that institutional buying from ETFs and growing inflows will catalyze sustained price appreciation.<\/p>\n

DISCOVER:\u00a0The Best Altcoins to Stack Ahead of Mega 2025<\/a><\/strong><\/p>\n

Will Ethereum Price Break Records?<\/h2>\n\n

(ETHUSDT<\/a>)<\/p>\n

Ethereum hit all-time negativity<\/a> this year, which only further builds a case that we could see a huge reversal.<\/p>\n

Ethereum\u2019s foundation has never looked sharper. A solid network, a swelling user base, and macro conditions tilting in its favor are stacking the deck for Ether. Sure, nothing\u2019s set in stone, but the ground beneath it feels steady enough for another historic run.<\/p>\n

EXPLORE:\u00a0Another Day, Another Celeb Meme Coin Rugpull: Hawk Tuah Girl Rugs Her HAWK Token In Less Than 1 Hour<\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/p>\n

The post Ethereum Charts Hint at a Potential New ETH ATH This Week<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum is making noise again, with ETH price ticking up steadily and Ether analysts whispering about a possible all-time high on the horizon. Momentum is building fast, fueled by rising adoption, a flood of ETF inflows, and shifting political dynamics. Together, these factors are stacking up to position Ether for both near-term gains and long-term […]<\/p>\n","protected":false},"author":0,"featured_media":27020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27019"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27019"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/27020"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}