Ethereum Price Prediction: ETH Surges 11% To Break Above $2.6K, But Experts Say Consider This New Meme Coin For Parabolic Gains

The
Ethereum
price
surged
11%
in
the
last
24
hours
to
trade
at

$2,689
as
of
3
a.m.
EST
on
trading
volume
that
dropped
3%
to
$22.9
billion.

This
surge
in
the
ETH
price
comes
at
a
time
when
the
crypto
sector
started
recovering
from
the
recent
losses,
but
the
second-largest
coin
is
still
down
14%
on
a
weekly
basis.
For
the
moment,
most
among
the
top
10
largest
cryptos
by
market
cap
are
trading
in
the
green
on
a
24-hour
basis,
while
still
seeing
losses
on
the
7-day
chart.

Bitcoin
itself
led
the
recovery,
managing
to
go
above
$61K
as
of
the
time
of
writing,
while
ETH
encountered
a
strong
resistance
at
$2.7K,
trading
just
below
it.
While
the
coin
is
pushing
towards
the
resistance
at
$3K,
there
are
some
signs
that
suggest
that
the
recovery
is
already
losing
its
strength
and
that
another
correction
might
start
in
the
hours
to
come.

Ethereum
Price
Prediction

While
Ethereum
saw
quite
a
strong
performance
in
the
last
24
hours,
there
are
multiple
indicators
suggesting
that
a
strong
correction
should
be
expected
in
the
hours
to
come.
First,
the
coin’s
Bollinger
Bands
once
again
narrowed,
which
is
already
a
bearish
sign
in
and
of
itself.

The
fact
that
the
price
has
dropped
to
the
lower
band
and
is
currently
pushing
it
further
down
makes
the
situation
even
more
bearish,
as
the
coin’s
value
is
already
distancing
itself
from
the
resistance
at
$2.7K.

An
even
more
bearish
signal
comes
from
Ethereum’s
Relative
Strength
Index
(RSI),
which
dropped
from
the
overbought
zone,
spiraling
past
the
neutral
area.
As
a
result,
it
is
currently
heading
further
down
to
the
oversold
sector.

This
suggests
that
traders
have
rushed
in
to
take
profit,
and
that
their
goal
right
now
is
to
make
as
much
money
as
they
can
from
the
current
volatility.

Of
course,
the
RSI
value
approaching
the
oversold
zone
also
represents
an
opportunity,
as
reaching
this
level
might
cause
traders
to
move
in
and
buy
the
dip.
In
that
case,
they
might
stop
the
price
drop
and
cause
another
recovery,
if
the
demand
ends
up
being
strong
enough
to
counter
the
correction
and
push
the
Ethereum
price
back
up.

The
only
thing
that
can
be
said
with
certainty
is
that
the
price
will
likely
stay
volatile
for
some
time,
although
it
may
stabilize
over
the
weekend
when
the
activity
in
the
crypto
market
typically
drops
somewhat.
For
now,
however,
traders
are
advised
to
remain
cautious
and
consider
their
decisions
carefully.

Promising
Alternative
To
Ethereum

While
Ethereum
seems
like
it
will
once
again
start
spiraling
down,
investors
looking
for
major
gains
might
want
to
consider
different
opportunities.
During
such
volatile
periods,
it
pays
to
go
for
a
cryptocurrency
that
is
not
affected
by
the
shifting
prices,
such
as
cryptos
that
are
still
in
presale.

The
Meme
Games
(MGMES)
is
a
good
example
of
this
—
a
new
meme
coin
that
recently
started
its
ICO,
and
was
inspired
by
the
2024
Olympics.

However,
the
project
brought
a
unique
twist
by
organizing
its
own
meme
Olympics,
introducing
iconic
meme
coins
as
its
athletes.
There
are
five
of
them
—
Dogecoin,
Brett,
Pepe,
Dogwifhat,
and
Turbo
—
and
each
of
them
will
participate
in
a
variety
of
disciplines.

ICO
investors
will
be
able
to
pick
their
champion
and
place
their
bets
on
their
favorite
winning
the
gold.
If
they
are
correct,
they
will
win
major
rewards.
However,
in
order
to
participate,
joining
the
presale
is
necessary,
which
is
why
the
project’s
presale
raised
over
$350k
as
of
Aug.
9.

69
people
have
won
a
25%
bonus
by
picking

$PEPE
at
the

#MemeGames!

Coincidence
or
destiny?
????

Choose
from
5
meme
icons
and
you
could
score
a
25%
bonus
on
your

$MGMES
purchase
if
they
win
the
race!
????

Join
now!
????

https://t.co/lbYNWg8iXr#Paris2024

#Presale

#Crypto

#Alts

pic.twitter.com/q4Tdbzkpo5

—
The
Meme
Games
(@MemeGames2024)

August
2,
2024

You
can
buy
as
many
MGMES
tokens
as
you
wish,
and
join
the
ICO
as
many
time
as
you
want
before
it
ends.
The
tokens
are
currently
available
at
a
price
of
$0.0092
apiece,
and
you
can
buy
them
with
ETH,
USDT,
BNB,
or
credit/debit
cards.

Given
that
the
2024
Olympics
are
the
main
attraction
this
summer,
the
project
is
expected
to
do
quite
well,
which
is
why
an
analyst
from
the
crypto
YouTube
channel
Cryptonews
has
been
quite
excited
to
see
its
presale
go
live.

Purchase
MGMES
on
its
official
website
here.

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