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Justin Sun’s Grand Strategy For Ethereum Price: $10,000 Target

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Este artículo también está disponible en español.

As the Ethereum price lingers below its all-time highs (ATHs), TRON founder Justin Sun has emerged with a bold vision aimed at revitalizing the altcoin’s value

Sun’s Vision For The Ethereum Price

In a recent social post on X (formerly Twitter), Sun proposed a plan that he believes could propel the Ethereum price to unprecedented heights, targeting a price of $10,000. Sun’s strategy hinges on a radical overhaul of the Ethereum Foundation (EF) and the Ethereum protocol itself. 

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The TRON founder asserts that under his leadership, immediate and decisive actions could almost double the current price peak for ETH. One of his primary proposals is to halt the sale of ETH for a minimum of three years. By doing so, Sun aims to stabilize the currency’s supply and bolster market confidence. 

To cover operational costs during this period, Sun suggests leveraging Aave (AAVE) lending, staking yields, and stablecoin borrowing, thereby ensuring that the ETH supply remains intact while aligning with deflationary goals.

In addition to halting sales, Sun proposes imposing significant taxes on Layer 2 (L2) projects. He believes this move could generate at least $5 billion annually for Ethereum, either in stablecoins or tokens. 

The revenue from these taxes would be utilized to repurchase and burn ETH in a decentralized manner, further enhancing scarcity and potentially driving up demand.

Major Staff Cuts To Transform Ethereum Foundation Into Meritocracy

In his social media post, Sun also emphasized the need to streamline operations within the Ethereum Foundation. He suggests a significant reduction in staff, retaining only the most capable team members. 

Those who remain would receive substantial salary increases, transitioning the Ethereum Foundation into a merit-based organization that rewards high performance.

Furthermore, the TRON founder calls for adjustments in node rewards and a stronger focus on fee-burning mechanisms. By reducing node rewards, Sun believes Ethereum can solidify its deflationary status, reinforcing its position as a store of value. 

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The focus, according to Sun, would shift exclusively toward Layer 1 (L1) development, prioritizing scalability, security, and broader adoption.

Sun is confident that these initiatives could lead the Ethereum price to surpass $4,500 within the first week of implementation, laying the groundwork for long-term success. 

While this only represents Sun’s vision for the Ethereum price, any of these proposals, if viable for driving another leg up of the altcoin, could ultimately be adopted by the co-founders or the developers of the platform.

Ethereum price
The 1D chart shows ETH’s price trending downwards. Source: ETHUSDT on TradingView.com

As of this writing, the Ethereum price hovers around the $3,200 mark, reflecting a loss of 4% over the past 24 hours. This decline has widened the gap between the current price and its ATH of $4,878, representing a difference of 34.5%.

Featured image from DALL-E, chart from TradingView.com



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Ethereum

Ethereum Faces Bearish Pressure As Sentiment Hits 12-Month Low – Can ETH Avoid Dropping Below $2,000?

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Ethereum (ETH) hit a new yearly low of $2,076 earlier today, further weakening sentiment around the second-largest cryptocurrency by market cap. If Ethereum falls below $2,000, it could trigger additional losses for investors.

Ethereum Sentiment At A 12-Month Low

According to data from CoinGecko, Ethereum has dropped roughly 28% over the past 30 days and is currently trading around the $2,200 level. The cryptocurrency has shed more than $230 billion in market capitalization since December 2024.

Crypto investment manager 0xLouisT took to X to share a chart indicating that sentiment around Ethereum is at its lowest point in a year. A drop below $2,000 could intensify bearish sentiment, putting further pressure on ETH.

sentiment
Source: 0xLouisT on X

Similarly, Bitcoin (BTC) trader and investor Jason Pizzino remarked that ETH could be “in more trouble than expected” if it closes below the $2,000 to $2,100 range. He added:

Remember, February was when most influencers were beating the drum for $ETH and told us to “follow the money” because Trump et al., were buying millions of dollars. That always sounds fishy to me.

pizzino
Source: Jason Pizzino on X

A close below $2,000 would complete a bearish double-top pattern on the monthly chart, potentially sending ETH into the low $1,000 range. For context, the last time Ethereum traded in the $1,500 range was in October 2023.

Fellow crypto analyst Morin highlighted ETH’s weekly demand level between $1,900 and $2,100, with the weekly supply zone positioned around $2,600. The analyst expects the digital asset to fluctuate within this range “in the near future.”

Some Positive Signs For ETH

While the short-term outlook for ETH appears uncertain, some indicators suggest that investors have not completely lost confidence in the asset. For instance, using on-chain data, crypto analyst Ali Martinez emphasized that large holders – also known as crypto whales – have bought more than 110,000 ETH in the last 72 hours. 

ETH whales are unfazed from the recent price slump as they continue to accumulate | Source: ali_charts on X

Similarly, Leon Waidmann, Head of Research at Onchain Foundation, pointed out that despite ETH’s price decline, exchange reserves continue to drop. Waidmann noted that falling exchange reserves indicate investor confidence, as fewer ETH tokens are being moved to exchanges for potential selling.

leon
Source: Leon Waidmann on X

However, concerns remain for Ethereum, particularly as the network’s staking percentage has seen a sharp decline from its peak in November 2024. On the other hand, crypto analyst Ted Pillows remains bullish, predicting that ETH is still on track to surpass $10,000. At press time, ETH is trading at $2,222, down 3.6% in the past 24 hours.

ethereum
ETH trades at $2,222 on the daily chart | Source: ETHUSDT on TradingView.com

Featured Image from Unsplash.com, Charts from X and TradingView.com



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Ethereum Retraces To Critical Monthly Demand Level – Can ETH Hold Selling Pressure?

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Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme fear and uncertainty. The rapid sell-off has fueled speculation that a bear market could be on the horizon, with many analysts calling for further downside in the coming months.

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However, despite the overwhelming bearish sentiment, there is still a chance for Ethereum to recover as the price is now testing a crucial demand level. If bulls manage to hold this area, ETH could stage a strong rebound and shift momentum back in favor of buyers.

Top analyst BigCheds shared a technical analysis on X, noting that ETH is reapproaching a critical monthly demand level, which could define Ethereum’s next major move. Historically, price reactions at this level have led to either a strong bounce or further capitulation, making the current market conditions a pivotal moment for Ethereum’s long-term trajectory.

The next few days will be crucial as Ethereum attempts to stabilize and reclaim key price levels. If buyers step in aggressively, ETH could start a recovery rally, but failure to hold support may lead to further downside risks.

Ethereum Struggles Below $2,200

Ethereum is trading below $2,200, struggling to regain momentum after a severe market-wide correction. The altcoin sector continues to bleed, and ETH has now lost nearly 50% of its value since peaking at $4,100 in mid-December. Bulls face a critical test as they must defend key demand levels to prevent further selling pressure and attract strong buying interest.

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The situation is highly volatile, with market sentiment shifting toward extreme fear. Investors worry that Ethereum could continue its decline if bulls fail to hold support and initiate a meaningful recovery. Many analysts remain cautious, warning that ETH could enter a prolonged consolidation phase if it fails to regain lost ground.

BigChed’s insights on X highlight that Ethereum is now re-approaching a key high-timeframe demand zone of around $2,000. According to Cheds, this is a must-hold level—losing this zone could trigger a deeper correction, while a strong defense could pave the way for a potential recovery rally.

Ethereum re-approaching key level | Source: BigCheds on X
Ethereum re-approaching key level | Source: BigCheds on X

The next few days will be crucial for Ethereum. If bulls manage to reclaim $2,200 and push toward $2,500, a reversal could take place. However, failure to hold $2,000 could see ETH drop further, potentially testing lower demand zones in the coming weeks.

Price Testing Demand – Can Bulls Regain Control?

Ethereum is trading at $2,120 after enduring days of massive selling pressure that pushed the price to its lowest level in months. ETH is currently holding above a high-timeframe demand level around $2,000, a crucial zone that must be defended to avoid further downside. However, sentiment remains fragile, and if Ethereum fails to hold this level, it could trigger a dramatic sell-off leading to even lower prices.

ETH testing multi-year support | Source: ETHUSDT chart on TradingView
ETH testing multi-year support | Source: ETHUSDT chart on TradingView

Bulls face an urgent challenge to regain control of price action. The $2,200 level now acts as the first key resistance, and a breakout above this mark would be the first step toward stabilization. Beyond that, ETH must push above $2,500 as soon as possible to confirm a potential trend reversal and signal the start of a recovery rally.

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If bulls fail to hold the $2,000 support, Ethereum could face increased volatility and a steep decline, potentially testing lower demand zones. The next few trading sessions will be critical, as ETH’s ability to stay above key levels will determine whether the market stabilizes or enters a deeper correction phase in the coming weeks.

Featured image from Dall-E, chart from TradingView



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Ethereum Tests “Make Or Break” Level, But Altseason Hopes Stay Alive – Details

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Ethereum (ETH) has dropped nearly 10% in the past 24 hours, falling from $2,721 on February 24 to $2,313 earlier today. According to crypto analysts, $2,300 is the next critical support level – if ETH fails to hold this level, it could face further losses.

Ethereum Crashes Amid Crypto Market Sell-Off

The broader crypto market has endured a tumultuous 24 hours, shedding nearly 10% of its total market cap – approximately $300 billion in value. Amid the downturn, ETH’s market cap has plummeted from $340 billion to as low as $286 billion in just two days.

Crypto trader Merlijn The Trader shared their insights on ETH’s price action in an X post, noting that ETH is currently testing the 50-day Simple Moving Average (50 SMA) – a level they describe as the “make-or-break” zone for the asset.

The analyst emphasized the importance of ETH holding the $2,350 price level, warning that a breakdown below this level could get “ugly.” If Ethereum fails to maintain support, it could drop significantly, with the next major support level near $1,100.

merlijn
Source: Merlijn The Trader on X

Fellow crypto analyst Ali Martinez echoed Merlijn’s concerns, highlighting $2,300 as a crucial support level for ETH. According to the following 3-day chart, this level is near the bottom of the trading channel that ETH has been moving within since November 2024.

ali
Source: ali_charts on X

Meanwhile, Daan Crypto Trades pointed out that ETH has repeatedly failed to break through resistance at $2,800. They noted that after Bybit announced it would restore users’ ETH balances following the recent hack, ETH experienced a sell-off. They added:

This cycle, both $BTC & $ETH have reacted well around the .786 levels so I’m keeping an eye on this area here. BTC also just swept the range lows. The larger range between ~$2.1K-$2.8K remains the most important one. Anyways, currently just holding spot and not doing much.

Is The Altseason Dead?

ETH’s prolonged poor performance has cast doubt on the possibility of a full-blown altseason. For the uninitiated, altseason refers to a market phase where altcoins – cryptocurrencies other than Bitcoin (BTC) – deliver extraordinary returns in a short period.

While market sentiment surrounding ETH may be far from bullish at the moment, some industry leaders remain confident in a strong rebound for the leading smart contract platform.

In an X post, CryptoQuant CEO Ki Young Ju noted that there was no significant Ethereum selling pressure following the Bybit hack. He also suggested that favorable crypto regulations under US President Donald Trump could trigger a “large-cap ETF altseason,” potentially driving ETH’s price higher.

Similarly, crypto analyst Ted provided some optimism for altseason enthusiasts. Sharing the following weekly chart, Ted highlighted that the altcoin market cap has formed its first golden cross since Q1 2021. He added:

The last time this happened, Altcoin market cap pumped 500% in just a few months. It looks like altseason will soon become a reality. Do you bullieve?

ted
Source: TedPillows on X

That said, recent on-chain analysis does not inspire much confidence in ETH’s short-to-medium-term price action. At press time, ETH is trading at $2,418, down 9.5% in the past 24 hours.

ethereum
ETH trades at $2,418 on the daily chart | Source: ETHUSDT on TradingView.com

Featured Image from Unsplash.com, Charts from X and TradingView.com



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