Ethereum price approaches $3k

[Churchillvv]

In the wild world of crypto, news holds sway over market movements, especially for specific coins. Ethereum's climb to $3k seems tied to rumors of a spot ETF approval by May. We've seen this script before with Bitcoin – ETF anticipation boosting prices, then a correction. Ethereum might follow suit: a surge to $3k fueled by ETF hype, then a reality check.

I absolutely agree with you, it could be as a result of all the hype oriented by the ETF but after some time I believe it's going  to make a price correction as you said.

[Bureau]

It looks like that the price is again going in the upward direction. It has been up for the past few days above the 3,k price point. Mostly due to the upcoming network upgrade and due to the possibility of an ETF approval. Whatever happens it looks to be good for everyone who wanted the price of Ethereum to go beyond three thousand.

[Xxmodded]

Well done Ethereum break out above $3k and right now almost close to raise $3,100 and seems can't stop before raising up more higher price, the positive trend from bitcoin give positive impact with ethereum success reach to $3k.
I think good start with Ethereum price with two months left before halving and has chance for predicting Ethereum raise to $4k, its not bad ideas if OP want to make another expected price with Ethereum possibilities will approach up to $4k in this year.

If bitcoin price keep stable not problem to make high expectation with Ethereum will raise more higher price, I have good viewed with ethereum will raise the new all time high before halving time or raise close with the latest ATH price before.

[Kelvinid]

I'm not taking this seriously as the pump happens because of its ETF approval but it is due to the price of Bitcoin pumping which I see was the main reason.
In fact, the price of ETH is already $3,104 during this post https://coinmarketcap.com/ and it is believed that it will increase more as the bull season starts. Even without the ETF approval, it still pumps.

This just tells us that ETH is still the king of altcoins. We can't ignore its profit potential and those who bought last year and hold until now are certainly on the profit. That is a big difference from buying known coins where profit is certain and we know it will grow, unlike new projects where we can't feel confidence about it.

[JeffBrad12]

It looks like that the price is again going in the upward direction. It has been up for the past few days above the 3,k price point. Mostly due to the upcoming network upgrade and due to the possibility of an ETF approval. Whatever happens it looks to be good for everyone who wanted the price of Ethereum to go beyond three thousand.

the many blockchain requiring ethereum to be locked to be eligible for airdrop also have big roll, eigenlayer eth restaking, blast, manta, and many projects if combined they successfully gathered multi billions ethereum for locking as their TVL, i think it definitely have a big role, if its because network upgrade, i doubt anyone hardly care, moreover ETF approval usually not as impactful because we all know ETF bitcoin also not as impactful but give a good vibe for bullrun.
if this staking meta for points in the L2 continues im sure ethereum will just keep rising even if the other coin are correcting so hard.
but the downside of these ethereum staking meta is that once the staking period or at least the locking period ended people would probably dump their Ethereum though if there's some good project out there again people would definitely try to restake their ethereum because they see it as a win win investment for them they good profit from price increase, the staking APY, as well as the airdrops.

[Abiky]

Honestly speaking, I am not surprised to see Ethereum reaching $3000, because its potential much bigger than where it stands now. When, analyzing the historical price correlation of Ethereum with Bitcoin, theoretically its price should be above $4000 based on 1:0.08 ratio. Thus,it is is still under-valued, and I am pretty sure the market will fill this gap in coming weeks, if ETF of Ethereum is approved by SEC.  

Actually, ETH surpassed the $3k valuation. Next target would be $4k. I would imagine ETH going as far as $5k once spot ETFs are approved in the US. If delayed, then ETH should remain within the $3k -$4k range. Imagine how high market prices will be after the Bitcoin halving. It would be unwise to sell ETH now (unless you really need the money to pay debts).

If you're "smart", you'd take advantage of the "pump" to grow your wealth as much as possible. Be aware that ETH isn't immune to volatility. Converting it to USD or a stablecoin of your choice would be the best way to lock in profits before it's too late. Who knows if you'll become the next "Ethereum millionaire"?

[LogitechMouse]

https://cryptoslate.com/ethereum-price-approaches-3k-amidst-spot-etf-anticipation-dencun-upgrade
Analysts of Bernstein believes a spot ETH ETF is a near certainty within one year.
~
Analysts at the company predicted a 50% chance that a spot Ethereum ETF will be approved by MAY and a near-certain chance that such a fund will be approved within one year. This is a very good increase in the crypto world as another trading market will be approved soon and the awaited miners of this Ethereum will finally benefit from another crypto currency, especially now that dollar has a very high value in the trading market.

Well, it shows that the acceptance of a Spot Bitcoin ETF will create a domino effect towards other altcoins, and that starts with Ethereum, and I hope it will end there.

I guess like what happened with Bitcoin a few months after a Spot Bitcoin ETF got accepted, many investors are also excited and don't want to leave the train that's why they're investing in Ethereum anticipating that a Spot Ethereum ETF will get accepted after a few months. I always thought that the reason why the price is increasing is because of the upcoming Dencun Upgrade.

Nevertheless, it's good to see Bitcoin surpassing the $3,000 price, and it's only the beginning of it's surge. I will not be surprised if Ethereum will reach $5,000 by the end of the year for some reasons, but I might buy more Ethereum because... why not. It's the 2nd largest coin right now in terms of market cap.

[pawanjain]

https://cryptoslate.com/ethereum-price-approaches-3k-amidst-spot-etf-anticipation-dencun-upgrade
Analysts of Bernstein believes a spot ETH ETF is a near certainty within one year.

The price of Ethereum (ETH) approached $3,000 on February.19 amidst anticipation concerning development that are expected to occur in the coming months. The Ethereum is ranked #2 (no: 2) by market cap and the price is up to 2.69% over the past 24 hours. Ethereum has a market capitalization of $356.82 billion with a 24 hours trading volume of 15.44 billion dollars.

Analysts at the company predicted a 50% chance that a spot Ethereum ETF will be approved by MAY and a near-certain chance that such a fund will be approved within one year. This is a very good increase in the crypto world as another trading market will be approved soon and the awaited miners of this Ethereum will finally benefit from another crypto currency, especially now that dollar has a very high value in the trading market.

It's been a long time since ETH price was down and it had to pump up now that bitcoin has crossed $50k.
It feels good to hold ETH. It is the top 2nd coin and now that the ETF is in news more people will start getting into it.
I believe it will cross the ATH price very soon. I am personally holding it for a long term since it has a good potential.

[passwordnow]

As Bitcoin is back @ $53k. Now, Ethereum has also been back to $3,100. This only shows that Bitcoin is the main thing of this market and then everyone follows it. So, if you have been holding Ethereum for such a long time and when it was under $2k, you're in profit now but depending on how much you're holding Don't get discouraged if you have been thinking to buy it and then you haven't done so because you're too doubtful with the price before if it's the right time to buy or not. That's always been the case for most of the investors and you guys have to accept the fact that Ethereum is the side kick of Bitcoin on this market. If there will be discussions that it will be removed at the 2nd spot in the entirety of the crypto market, it is very unlikely to happen and how much more it would be if we're on the bull run?

And just as Bitcoin goes up with approved ETF spots. This is the next big thing that we have to tune in for Ethereum. IIRC, on May the result will be out and we have to wait for about 3 months and that's also after the halving for which a lot of these events make significance in the market and will definitely show influential they are. Don't be too hesitant to buy before these events come because who knows if this $3k now might surpass the $4800 levels ATH soon and might get close to $5k and $6k?

[jaberwock]

Actually, ETH surpassed the $3k valuation. Next target would be $4k. I would imagine ETH going as far as $5k once spot ETFs are approved in the US. If delayed, then ETH should remain within the $3k -$4k range. Imagine how high market prices will be after the Bitcoin halving. It would be unwise to sell ETH now (unless you really need the money to pay debts).

If you're "smart", you'd take advantage of the "pump" to grow your wealth as much as possible. Be aware that ETH isn't immune to volatility. Converting it to USD or a stablecoin of your choice would be the best way to lock in profits before it's too late. Who knows if you'll become the next "Ethereum millionaire"?

I do agree that it will go pass 5k for sure, not saying it due to ETF or anything like that though, I do not believe that would impact it as the only reason, ETH could go up even without ETF as well. We are going to have a bull season starting around end of this year, and with that bull run, we are going to see ETH going over 5k for sure, even if ETF doesn't get approved.

Obviously, if ETF gets approved then it will go pass 5k a lot easier, I am not saying there would be zero impact thanks to that, I am just saying it is not a must and that is the most important part. We should probably see it change a bit and with time ETH will go up. This is why investing into ETH right now is not really a bad situation, it should be a lot better.

[makishart]

It looks like that the price is again going in the upward direction. It has been up for the past few days above the 3,k price point. Mostly due to the upcoming network upgrade and due to the possibility of an ETF approval. Whatever happens it looks to be good for everyone who wanted the price of Ethereum to go beyond three thousand.

It's totally wrong. It's caused by the more ethereums were needed to be locked to farm points. Eigen layer itself has locked more than 4 billions and it's not yet included with the several platforms which was also locking so many ethereums. Ethereum will be totally needed for the future airdrop caused by the dev will force you to lock your money to farm points to be converted to the tokens. I will also provide my proof of that.

According to BlockBeats, data from L2BEAT shows that the current total value locked (TVL) in Ethereum Layer2 has reached $29.17 billion, with a 7-day increase of 9.39%. The top five platforms in terms of locked value are: Arbitrum One with $13.02 billion (7-day increase of 2.83%); OP Mainnet with $7.67 billion (7-day increase of 6.64%); Manta Pacific with $1.86 billion (7-day increase of 2.95%); Starknet with $1.33 billion (7-day increase of 623.76%); and Base with $870 million (7-day increase of 1.65%).

https://www.binance.com/en/feed/post/2024-02-26-ethereum-layer2-total-value-locked-reaches-29-17-billion-up-9-39-in-7-days-4630050783186

The data provided by binance above was taken from blockbeat. I can sure if it has very high accuracy. I think that we are still far away from ethereum ETF. You can try to read some news regarding this.
People were massively converting their money to get ethereum tokens, which will give them all various benefits. I believe that if the percentage of total ethereum locked in staking platforms continues to increase, it will reach even higher levels. You shall not be surprised that to see your altcoins may be also growing up in the future.

I have locked almost 10 ethereums in the various LRT staking platforms. It is the truth and this is not even related to the ETF. I think that's false claim.

[devil-soul]

At the moment it seems that all the attention is focused on the growth in value of bitcoin, the potential of ethereum is still underestimated, i hope it can soon return to its maximum values ​​of November 2021, certainly the creation of an ETF would give it a good push towards high

[Essential10]

At the moment it seems that all the attention is focused on the growth in value of bitcoin, the potential of ethereum is still underestimated, i hope it can soon return to its maximum values ​​of November 2021, certainly the creation of an ETF would give it a good push towards high

The value of Bitcoin is increasing rapidly and of course all eyes may be on Bitcoin. After the Bitcoin ETF was approved in January, the Bitcoin market went down a bit, but it has rebounded since February and has seen the current Bitcoin price hover around $64k. I am invested in both Ethereum and Bitcoin, I am keeping a close eye on both coins. Today the price of Ethereum is over $3500. I don't care about the upcoming ethereum ETF approval or not, I'm just focusing that Ethereum will soon cross $5000 and the value of my invested Ethereum will more than double.

[yazher]

The price is expected to rise even more since they are the next target to be approved by the ETF and their investors are also waiting for it and are ready to buy more ETH in the crypto market these coming days. You should be vigilant and careful because if you happen to be late, then you are not gonna be buying ETH at its low price rather you will be one of those who gonna buy even if the price is high because the crypto market is at its best in the recent days and the probability of the ETH price to increase furthermore are higher than the recent years.

[Abiky]

At the moment it seems that all the attention is focused on the growth in value of bitcoin, the potential of ethereum is still underestimated, i hope it can soon return to its maximum values ​​of November 2021, certainly the creation of an ETF would give it a good push towards high

Bitcoin is the "King of Crypto". So it's normal to see most investors putting all of their money into BTC instead of ETH. The latter isn't as popular as many thought it would be. Coinmarketcap shows BTC has over 50% of market dominance. It will take a long time before ETH gathers the same attention as its predecessor.

At least, ETH is going into the right direction with active development and innovation. You can bet market prices will "explode" once spot ETFs are approved by the SEC. It should only be a matter of time before this happens. Why wait for the ETFs to come? Just sell ETH whenever you see it "pumping". Right now it's a good time to do so, before it goes back down again. Buy low, and sell high. As long as you do that, you'd be on a road towards "endless profits".

[Bureau]

Bitcoin is the "King of Crypto". So it's normal to see most investors putting all of their money into BTC instead of ETH. The latter isn't as popular as many thought it would be. Coinmarketcap shows BTC has over 50% of market dominance. It will take a long time before ETH gathers the same attention as its predecessor.

At least, ETH is going into the right direction with active development and innovation. You can bet market prices will "explode" once spot ETFs are approved by the SEC. It should only be a matter of time before this happens. Why wait for the ETFs to come? Just sell ETH whenever you see it "pumping". Right now it's a good time to do so, before it goes back down again. Buy low, and sell high. As long as you do that, you'd be on a road towards "endless profits".

You are correct Bitcoin is the king of all crypto and it has a dominance of 50% in the cryptocurrency market currently. Two years back that dominance was more than 50% because Ethereum was nothing at that time. As the ecosystem of Ethereum keeps on growing and if the spot ETF gets approved then there is a chance that it might reduce the dominance of Bitcoin in the future. It will take time but it will happen we will need to wait as we have been patiently waiting for Bitcoin to create another ATH.

[Rasa nanas]

and currently the price of ETH is above $3k, more precisely at $3300. Recently the price of this altcoin king has risen drastically and according to my observations the price increase of ETH is the most extraordinary when compared to the price increases of other big altcoins. I don't know whether the increase in the price of ETH is related to this news or not, what is clear is that this increase in price makes ETH's position as the king of altcoins even stronger.

[Zanab247]

The price is expected to rise even more since they are the next target to be approved by the ETF and their investors are also waiting for it and are ready to buy more ETH in the crypto market these coming days. You should be vigilant and careful because if you happen to be late, then you are not gonna be buying ETH at its low price rather you will be one of those who gonna buy even if the price is high because the crypto market is at its best in the recent days and the probability of the ETH price to increase furthermore are higher than the recent years.

If Ethereum price can hit $3k in this 3rd month of the year show that the price will still go higher to reach $5k before the end of this year and, it will affect their investors positively which is the wish of every investors in the community.

 Based on the way some Ethereum investors panicked some months ago when the bear run was still on in the market, I don't think they will wait for the price of Ethereum to increase higher to $5k before they will begin to sell because, the current price will allow those who want to sell to make a big profit that will help them to have much to invest in Ethereum when another bear season occur.

[leonair]

     It seems like it will take two years before ETH returns to such a price in the market. I think the reason why Ethereum rallied today is because it has an upcoming ETH spot ETF this coming month of May 2024.

    And maybe the positive news about ETH in this field of crypto space has brought it, so it is not surprising that it is called the queen of cryptocurrency. And it is possible for this ETH to reach 4000$ ATH this coming bull run in the altcoins season for sure.

ETH was reach $3.5k recently. Now it is believed that ETH can be pumped alongside btc very soon and it will make $4k extra very soon.  And the future target of ETH is $10k and I'm absolutely sure it will happen but I'm not sure when it will happen. ETH is a coin with a lot of potential for the future. People who miss out on Bitcoin can take advantage of ETH, but I am not giving financial advice to anyone.  Just sharing my prediction

[dlightag]

The cryptocurrency market has been recovered full and ready for Bull Run market to start, as long Bitcoin is moving uptrend, Ethereum is second in the cryptocurrency market to show up. Therefore, Ethereum price will be more than current price after the Bitcoin halving has been taken place.