Ethereum Price Will Reach a New ATH in the Next 30-36 Days: Here’s Why

The recent surge in Bitcoin (BTC) prices above $101k has sparked a wave of positivity across the altcoin market, with Ethereum (ETH) taking the lead. Fears of further crypto capitulation have subsided, especially with less than a week remaining before the long-awaited second inauguration of the pro-crypto US president-elect. Donald Trump Donald Trump Donald Trump is a former American president, politician, businessman, and media personality, who served as the forty-fifth President of the United States between 2017 and 2021. Trump earned a Bachelor of Science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election. The Republican Party nominee was elected against the Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the US-Mexico border, and implemented a family separation policy. Trump remains a prominent figure in the Republican Party and is considered a potential candidate for the 2024 presidential elections president

The political transformation in the United States is expected to pave the way for a broader transition Global adoption Digital assets and Web3 protocols. Currently, more than 562 million people around the world own crypto assets, indicating that adoption is still in its early stages, with huge growth potential in the future.

Ethereum Bullish Setup: What the Charts Are Saying

Technically, Ethereum price has been preparing for a significant upward movement over the past year. As one of the largest altcoins, with a fully diluted market capitalization of approximately $407 billion and a daily trading volume of $26 billion, Ethereum has formed an inverted model. Head and Shoulders (H&S) pattern.. This setup is supported by a strong level at around $2,923, indicating a possible price breakout soon.

With a key resistance level near $4,060, Ethereum is aiming for a new all-time high, supported by growing institutional interest. In addition, renewed interest from Ethereum ETFs in the US It contributed to reducing the circulating supply of ether, enhancing the bullish outlook.

Ethereum dominance

Ethereum continues to lead Web space 3attracts top developers due to its broad ecosystem and strong support from well-known investors. Participated in its founding Vitek Buterin Vitek Buterin Vitalik Buterin is a professional programmer and co-founder of Ethereum. Buterin, along with Gavin Wood, Charles Hoskinson, Joseph Lubin, and Anthony D., launched Ethereum in 2014. He became involved in the creation of Ethereum when he realized he could create a new and perhaps improved version by iterating on the Bitcoin blockchain. He has been involved in the Bitcoin community since 2011, writing and co-creating articles for Bitcoin Magazine. Details: Organization: Ethereum Location: Canada Education: Vitalik graduated from the University of Waterloo (2012-2014) Skills: Computer programming and writing Awards: Honored with a Thiel Fellowship award in 2014. Won the Global Technology Network Award. He made Fortune’s 40 Under 40 list and appeared on Forbes’ Under 30 list at the age of 23. Experience: He has been the founder of Ethereum from November 2013 to the present. Buterin has contributed as a developer to other open source software projects. He also contributed to DarkWallet. Buterin has been involved in various initiatives to improve blockchain technology and its applications. FAQ 1. Who is Vitalik Buterin? One of the most famous figures in the cryptocurrency space is Vitalik Buterin, who co-founded Ethereum, one of the largest and most important blockchain systems.2. What is Vitalik’s net worth? Vitalik’s net worth is $32 billion, according to Forbes. 3. What does Vitalik Buterin invest in? Vitalik Buterin has made numerous investments in companies such as Varro Life Sciences, Polymarket and RISE (Singapore) within the healthcare technology systems, information services (B2C) and financial software industries. [email protected] contractorCryptocurrency and blockchain expert Ethereum has grown into a thriving Web3 network, with a total value locked (TVL) of $67 billion and a stablecoin market capitalization of $114 billion.

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Promotion of bacteria

Looking to the future, Ethereum’s core developers are planning an upgrade to Pectra, which is expected to be completed by the end of the first quarter of 2025. The upgrade aims to strengthen both the implementation and consensus layers of Ethereum to support future growth.

The main feature of the Pectra upgrade is EIP-7702, which will allow regular wallets to temporarily act as smart contracts during transactions, improving security. Another important change is EIP-7251, which will increase the maximum number of authentications from 32 ETH to 2,048 ETH, making the Ethereum network stronger and encouraging more participation.

While the world watches, Ethereum is quietly laying the groundwork for the next chapter Blockchain technology.

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