Ethereum’s $3,000 price target may be delayed until the fourth quarter of 2024

Columns：Market News author：BTCZXW time：2024-08-29 21:45:15

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Ethereum's $3,000 price breakthrough may be delayed until October

- Cryptocurrency analysts expect Ethereum to break through $3,000 in the fourth quarter of 2024, but it still needs to break through the key resistance level of $2,700.

- Analyst Poseidon believes that the price of Ethereum is ready to break through $3,000, but Elja Boom said that the breakthrough may be postponed to the fourth quarter of 2024.

- Analysts at the Nansen on-chain analysis platform believe that around $2,700 is a huge resistance faced by Ethereum, and it will take longer and more trading volume to break through.

- If Ethereum really breaks through $2,700, according to CoinGlass data, the accumulated leveraged short positions of $481 million on all exchanges will be liquidated.

- But some analysts believe that the price of Ethereum may pull back to $1,750, showing a "dead cat bounce" trend.

In general, although analysts predict that Ethereum is expected to break through $3,000 in the future, there are still certain resistance and uncertainty to achieve this goal.

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