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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    NFT sales slide despite record Ethereum prices

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    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

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    DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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  • NFT
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    NFT sales slide despite record Ethereum prices

    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

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    DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

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    NFT market rebounds in July, surpassing DeFi in user activity

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    Bored Ape minter finally sells after 92% fall from peak

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    CryptoPunks and Pudgy Penguins Draw Major Sales

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    Sam Altman’s OpenAI Crushes Elon Musk’s Grok in AI Chess Championship

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    How NFT Collectibles Bounced Back with Multi-Million Sales

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    NFT Market Movers: The Top Performing Collections in August 2025

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    CodexField and Salvo Unite to Tokenize Game Code

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    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

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    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

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    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

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    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

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    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
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    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

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    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

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    How It Works and What to Watch Out For

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    Crypto Risk Management Strategies for Trading (2025)

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    Dogecoin Bull run

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Ethereum

Ethereum Analyst Eyes $4,500 After ETH Breached $3K

February 21, 2024
in Ethereum
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Ethereum Analyst Eyes $4,500 After ETH Breached $3K
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Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

Amidst the dynamic world of cryptocurrencies, Ethereum, the second-largest digital currency, has ignited investor enthusiasm, driven by a bold prediction from Michaël van de Poppe, CEO of MN Trading.

Van de Poppe’s forecast projects a remarkable climb for Ethereum, anticipating a potential surge to the range of $3,800 to $4,500. This optimistic outlook gains momentum as Ethereum’s current valuation hovers around $2,980, showcasing a robust performance while its counterpart, Bitcoin, grapples with market challenges.

Ethereum: Fueling Bullish Momentum

Several factors contribute to Ethereum’s bullish momentum, a sentiment emphasized by Van de Poppe. Ethereum’s recent outperformance relative to Bitcoin, coupled with a noticeable shift in investor sentiment, is evidenced by data illustrating funds flowing from alternative digital assets into Ethereum. These dynamics are pushing Ethereum’s value closer to the psychological barrier of $3,000.

#Ethereum is on its way towards $3,800-4,500. pic.twitter.com/TfoBGloBsH

— Michaël van de Poppe (@CryptoMichNL) February 19, 2024

Noteworthy events on the horizon, such as the DenCun upgrade and a speculated temporary peak in Bitcoin’s price, are identified as potential catalysts for Ethereum’s continued growth. Van de Poppe even raises the intriguing question of whether Ethereum can reclaim a specific ratio against Bitcoin during these events, hinting at the possibility of reaching even loftier heights.

ETH market cap is currently at $351.5 billion. Chart: TradingView.com

Caution In The Futures Market: Navigating Volatility

While optimism surrounds Ether, a balanced perspective is essential. The report acknowledges the volatile nature of the cryptocurrency market, despite the surge in open interest for Ethereum futures contracts across various exchanges.

ETH seven-day price action. Source: Coingecko

Cautionary signals emerge, expressing concerns about potential liquidations leading to short-to-mid-term price dips that could dampen the prevailing optimistic mood.

See also  Is Ethereum Gearing Up for a Major Breakout? Here's What Analysts Are Saying

Emphasizing the unpredictable dynamics of the cryptocurrency market, the report underscores the importance of independent research and thorough risk assessment before making any Ethereum-related investment decisions.

The rotation towards #Ethereum seems to be happening.

It’s up to close to $3,000, while the rest lags behind.

Happily skewed with my portfolio towards $ETH for the coming period.

— Michaël van de Poppe (@CryptoMichNL) February 19, 2024

Navigating Uncertain Terrain

Van de Poppe’s optimistic Ethereum outlook positions the cryptocurrency as a potentially lucrative investment opportunity. However, the report advocates for a measured approach, emphasizing the significance of recognizing the inherent risks and uncertainties associated with Ether and the broader cryptocurrency market.

Featured image from Pixabay, chart from TradingView

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Tags: AnalystbreachedETHEthereumEyes

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