Ethereum (ETH) has broken out of over two weeks of consolidation below $3,524, indicating a strong price breakthrough.
The cryptocurrency king is now moving in on the important $3,721 barrier, buoyed by significant investor interest. Ethereum looks to be on track to surpass $4,000 in value.
Ethereum investors are bullish
The exchange net position change indicates a significant outflow of 89,000 ETH, which is equivalent to around $323 million. These outflows indicate increased accumulation as investors shift assets from exchanges to secure long-term holdings.
As Ethereum’s price grows, the fear of missing out (FOMO) may fuel more demand for the commodity. The continuous accumulation supports this stance, implying that Ethereum holders are bullish on the asset’s future development and its ability to achieve new highs in the coming weeks.
Ethereum’s macro momentum continues robust, supported by the Chaikin Money Flow (CMF) indicator. The CMF is currently reaching the neutral line and is on the verge of turning bullish, indicating greater inflows. This suggests that investors are aggressively pumping funds into Ethereum.
As inflows increase, Ethereum’s accumulation tendency increases, providing strong support for the present price action. The CMF’s upward trend indicates that investor interest is still strong, strengthening the possibility that ETH may reach its next price goals.
ETH price prediction: Aiming higher
Ethereum (ETH) is now trading at $3,681, barely below the crucial resistance figure of $3,721, which is the final barrier to Ethereum reaching $4,000. If this level is converted into support, it would pave the way for a rally to the 2024 high of $4,107.
The combination of optimistic investor mood and good macroeconomic fundamentals suggests that Ethereum may reach $3,988. This rising trend would signal a major rebound and strengthen the altcoin’s market position.
However, failing to cross $3,721 might send Ethereum down below $3,524, negating the optimistic forecast. Such a reversal would stall Ethereum’s rebound, stressing the significance of sustaining upward momentum in order to meet its price goals.
Can XRP price realistically hit $100 as hinted by Fibonacci analysis?
Fibonacci Analysis Forecasts The XRP price might reach a triple-digit objective of $150. Discover whether this big rally is truly achievable.
Ripple’s (XRP) price soared last week, after a two-week consolidation. This move brought the token closer to kicking off a bullish rise. XRP price research utilizing the Fibonacci technique yields a triple-digit objective of $150. Is a huge rally possible?
Fibonacci analysis predicts XRP price target pf $150
Between early 2014 and April 2017, XRP prices ranged between $0.0289 and $0.0618. Using Fibonacci tools in this range indicates that the cycle’s ATH was created at $3.317, which falls between the 272.2% and 241.4% Fibonacci extension levels.
The second half of 2024 also resulted in a range constriction, which triggered a big parabolic surge. This new range, which spans $0.114 to $2.905, is identical to what existed between 2014 and 2017. Using the Fibonacci tool, the 272.2% and 241.4% Fibonacci extension levels develop at $178 and $282, respectively.
While a triple-digit price for Ripple seemed implausible, consider some of the huge fundamental improvements mentioned by the business in 2024.
Ripple’s fundamental developments boost XRP’s value
Ripple’s latest advances have been notable. One major development is the debut of RLUSD on December 17. RLUSD is a stablecoin tied to the US dollar, and its introduction is intended to strengthen Ripple’s position in the digital payments industry.
Ripple’s CEO, Brad Garlinghouse, also voiced confidence about the incoming legislature, calling it the most “pro-crypto congress.” Garlinghouse is particularly optimistic about the company’s potential for expansion in the US market, pointing out that 75% of Ripple’s available positions are currently headquartered in the US. The CEO stated that Ripple has inked more US business in the last six weeks of 2024 than in the previous six months.
On the opposite end of the scale, Ripple’s XRP Ledger has made news for its decentralized exchange, cross-currency payments, and payment channel capabilities. The Hooks amendment allowed XRPL’s smart contract capabilities, which is another key breakthrough that has occurred recently.
Can XRP price realistically hit $100?
Together with technicals, the fundamentals act as a tailwind to force the XRP price higher. Despite Fibonacci research, the aforementioned triple-digit aim is exceedingly implausible. A fair but ambitious aim for the XRP price this cycle is $20, as mentioned in a recent post.
Here’s why Filecoin price is skyrocketing today
FIL’s price rises 12% after its debut, given to its large market capitalization and potential for future volume growth. Discover vital information about its performance.
The price of Filecoin has risen 12%, suggesting increased market interest following a big listing announcement by South Korea’s leading exchange, Bithumb. The unexpected jump reflects rising demand for the asset amid increased investor interest. In addition to the price increase, Filecoin’s futures open interest grew by more than 20%. As Filecoin gains pace in the competitive crypto market, traders are cautioned to exercise caution, given the inherent hazards connected with virtual assets.
Filecoin price soars after Bithumb’s major listing announcement
On January 6, Bithumb, South Korea’s top cryptocurrency exchange, announced the listing of Filecoin (FIL), resulting in a 12% price increase. The news has piqued the interest of investors, bolstering FIL’s position in the competitive cryptocurrency industry. With Bithumb’s reputation for dependability, the listing has boosted traders’ confidence.
FIL tokens will be accessible for trading on the KRW market. To promote transparency, Bithumb has set an initial reference Filecoin price of 8,680 won Bithumb. However, users must adhere to the platform’s network regulations because it does not accept other networks and may cause processing difficulties. The site also asked customers to follow the system’s instructions to guarantee trouble-free transactions.
To provide a safe trading environment, some transaction limits will be imposed initially. The first 5 minutes of purchasing orders will be prohibited, as will selling orders bigger than +100% and less than -10% of the base price. Bithumb has advised customers to respect the criteria for depositing money and account limits. Given the volatility of the digital asset market, investors should exercise caution when trading.
According to Messari statistics, Filecoin dominated the DePIN category in 2024. The corporation hinted to more advancement in 2025, saying it is “building the next chapter” this year.
FIL performance and rising futures volume spark optimism
Filecoin (FIL) was now trading at $6.23, up 12% in the last 24 hours. Its price has risen by 25% in the last week, following an astounding 65% increase in the previous quarter. The current 24-hour low and high are $5.517 and $6.282, respectively. Filecoin has a market value of $3.84 billion and a trading volume of $454 million, indicating considerable market activity.
According to Coinglass statistics, Filecoin futures trade increased by 200% in the previous 24 hours, reaching $712 million. There was also a 20% rise in open interest to $363 billion, indicating a boost in confidence in the asset. Binance, one of the largest cryptocurrency exchanges, leads with $142 million in open interest, followed by OKX ($66 million) and Bitget ($60 million). The increasing activity suggests that both institutional and retail traders are interested in a higher Filecoin price.
Furthermore, once a large exchange is listed, the cryptocurrency market is completely opened and fresh demand is encouraged, resulting in a wider spectrum of traders and investors. As a result, the values of tokens such as Peaq and Vana Network skyrocketed after their introduction on Bithumb. The marked momentum of the cryptocurrency Filecoins price significantly reflects the function of specific exchanges in the overall market, as well as the long-term expansion of other tokens’ values.
