Ethereum Price Prediction: As Bernstein Says Trump Likely To Approve ETH ETF Staking Yields, This Crypto Wallet ICO Closes On $2 Million

The
Ethereum
price
has
slumped
3%
in
the
last
24
hours
to
trade
at
$3602
as
of
8:50
a.m.
EST
on
a
54%
jump
in
trading
volume
to
$41
billion.

Despite
the
plunge
in
the
ETH
price,
analysts
at
research
and
brokerage
firm
Bernstein
say
that
staking
yields
for
spot
Ethereum
ETFs
(exchange-traded
funds)
in
the
US
are
likely
to
be
approved
by
the
incoming
administration
of
Donald
Trump.

Bernstein
analysts
are
bullish
on
Ethereum’s
potential,
with
staking
yields
for
spot
ETFs
possibly
getting
approved
under
the
crypto-friendly “Trump
2.0”
SEC.
Despite
a
rough
year,

$ETH‘s
strong
fundamentals
and
rising
blockchain
activity
could
fuel
a
major
rally.
Are
we…

—
Aiura
(@Aiura_AI)

December
2,
2024

The
Securities
and
Exchange
Commission
denied
staking
yields
from
being
offered
by
Ethereum
ETFs
it
approved
earlier
this
year.

“Under
a
new,
crypto-friendly
Trump
2.0
SEC,
ETH
staking
yields
will
likely
be
approved,”
Bernstein
said.

Ethereum
Price
Gears
Up
For
Another
Bullish
Rally

The
Ethereum
(ETH/USD)
daily
chart
shows
the

current
price
at
$3,612,
with
a
recent
pullback
of
-2.64%,
shown
by
a
bearish
close
in
the
latest
candle.

A
major
support
level
lies
between
$2,200
and
$2,300,
which
displays
a
strong
base
for
the
bullish
reversal.
This
reversal
indicates
momentum
around
$2,950,
where
the
price
started
forming
higher
highs
and
higher
lows,
signaling
a
bullish
trend.

ETHUSD
Analysis
Source:
Tradingview

The
50-day
Moving
Average
(MA50)
is
currently
at
$2,989,
while
the
200-day
Moving
Average
(MA200)
is
at
$2,948.
A
potential
golden
cross,
where
the
MA50
crosses
above
the
MA200,
is
forming
and
could
signal
a
strong
continuation
of
the
uptrend.

The
Relative
Strength
Index
(RSI)
stands
at
65.19,
indicating
strong
bullish
momentum
while
nearing
the
overbought
territory.
With
the
RSI
line
above
the
signal
line,
the
bullish
sentiment
remains
intact.
Key
resistance
is
at
$3,700,
while
immediate
support
is
around
$3,400,
aligning
with
the
breakout
level
and
the
50-day
Moving
Average
(MA50).
The
price
action
reflects
a
bullish
trend,
though
Ethereum
price
may
experience
short-term
pullbacks.

Ethereum
Price
Prediction

For
long
positions,
traders
could
consider
entering
on
dips
near
$3,400
or
after
confirmation
of
a
breakout
above
$3,700,
with
stop-loss
levels
below
$3,300
or
$2,950,
depending
on
risk
tolerance.
Profit
targets
could
be
set
at
$3,800
and
$4,000.

A
bearish
divergence
on
the
RSI
or
a
drop
below
the
MA200
would
indicate
weakening
momentum
and
a
potential
trend
reversal.
If
bearish
reversal
patterns
emerge,
traders
might
short
near
$3,700,
with
a
stop-loss
above
$3,800
and
targets
at
$3,400
and
$3,000.

Best
Wallet
Presale
Nears
$2
Million

As
the
Ethereum
price
readies
for
another
leg
up,
some
investors
seeking
the
next
major
crypto
opportunity
are
turning
their
attention
to
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(BEST),
a
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crypto
wallet
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its
presale,
which
is
rapidly
approaching
$2
million.

????
Over
$1.5M
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in
the

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Presale!
????

The

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presale
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pic.twitter.com/6437z0C5RM

—
Best
Wallet
(@BestWalletHQ)

November
29,
2024

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pic.twitter.com/ZXu3xC1zqz

—
Best
Wallet
(@BestWalletHQ)

November
29,
2024

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