• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Thursday, August 21, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Ethereum (ETH) Price is Heading Towards $3,500

Jordan Avery by Jordan Avery
April 19, 2024
in News
Reading Time: 3 mins read
0
ETH-MARKET-PRICE-Ethereum 1
Share on TwitterShare on Facebook

Ethereum (ETH) now looks to be one of the strongest altcoins in terms of stability, confidently holding above the $3,000 mark for several days. The current resilience could give Ethereum (ETH) the necessary push to begin a recovery and breakout to new local highs.

Ethereum Investors Expect Growth

The price of Ethereum has dropped significantly over the past few days, following broader market trends. However, the token remains above $3,000, giving investors hope that the price will rise.

This is due to the fact that most of the circulating supply of the coin is limited to the 20% rally. According to Global In/Out of the Money (GIOM), about 9.14 million ETH worth more than $27.4 billion were purchased between $3,537 and $3,118.

Ethereum and GIOM data. Source: IntoTheBlock
IntoTheBlock

Given that this massive supply is within a relatively more modest rally, ETH holders are sure not to give up until these tokens produce profits.

This sentiment is confirmed by the net unrealized profit/loss (NUPL) indicator. This on-chain metric shows the potential profit or loss that investors could make if they were to sell an asset at the current market price.

Ethereum and NUPL
Glassnode

When the NUPL value is high, investors are in profit and this indicates a potential sell-off; a low reading may signal favorable savings or buying opportunities. ETH is currently in the bullish zone, which has historically been a trigger zone for price rallies. Thus, despite the correction, NUPL being in this zone is evidence that Ethereum still has the potential for a new rally.

octoblock-octo-usdc-presale

ETH Forecast: Rebound from Support Level

Currently, the main task for Ethereum is to defend the $3,000 level and not lose it as support. Given that investors are currently very bullish, ETH has the opportunity to spark a rebound.

ETHEREUM-ETH-Market-Bullish
Tradingview

The most likely outcome is a potential 20% rally that would send the altcoin above $3,500. To do this, the price would first need to break through the $3,376 resistance and turn it into support.

The completion of such a rally will help the aforementioned supply volume return to profit territory, which could encourage investors. On the other hand, if this critical support level is lost, Ethereum will fall and test the $2,736 mark. A break of this support will invalidate the bullish scenario and lead to a further fall in price.

Tags: CryptoETH stabilityEthereumMarket AnalysisMarket Sentiment.price forecasttechnical analysis
Previous Post

Runes Protocol Opens Door for New Era of Bitcoin-Based Coins

Next Post

Fantom (FTM) Technical Crossroads: Can It Break Above $1?

Related Posts

Pump.fun Bounces Back, but Can It Laugh Off a $5.5B Lawsuit?
Meme Coins

Pump.fun Bounces Back, but Can It Laugh Off a $5.5B Lawsuit?

August 20, 2025
Ethereum eyes $5.1K after “healthy pullback,” says analyst
News

Ethereum eyes $5.1K after “healthy pullback,” says analyst

August 20, 2025
Fartcoin wobbling near $0.90 – bounce incoming or just hot air?
News

Fartcoin wobbling near $0.90 – bounce incoming or just hot air?

August 17, 2025
Crypto Weekly Scoreboard: Who Won Big and Who Got Wrecked
News

Crypto Weekly Scoreboard: Who Won Big and Who Got Wrecked?

August 17, 2025
Bitcoin Rockets to $124K But ETH ETFs Just Stole the Show
News

Bitcoin Rockets to $124K But ETH ETFs Just Stole the Show

August 17, 2025
Dogecoin Whales Drop $480M Bet – Can DOGE Finally Break Free?
News

Dogecoin Whales Drop $480M Bet – Can DOGE Finally Break Free?

August 14, 2025

Press Releases

Why Ethereum ATH Could Crush Bears Before Q3 Ends
News

Why Ethereum ATH Could Crush Bears Before Q3 Ends

by Jordan Avery
August 12, 2025

Ethereum just pulled off one of its cleanest market squeezes in months. With over $1.3 billion in short positions lurking...

Read more
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier