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As Ethereum breaks through the $3,500 resistance level, investors wonder if it will continue its upward trend and reach $4,000 this year. Before we answer that question, it’s important to look at a new player that has surged 250% in value from December. Notably, there are just a few more days left in their last presale round for the new altcoin, so let’s dive in and predict how high these two assets will go.
Ethereum (ETH) 2024 Q4 Price Target
Bitcoin has been leading the way among the high-cap cryptocurrencies, with a huge surge from below $16,000 in early 2023 to a recent peak above $54,000. Now, it looks like it’s time for Ethereum to shine in the market.
The price of Ethereum has climbed from $2,171 on the 30th of January to a current price of $3,442 — a 65% increase in under three months. But what has caused such a dramatic increase in Ethereum’s price, and will it keep rising to $4,000?
Chart technicians point to the ETH/BTC being oversold and sitting on support at 0.050. Those who made profits with Bitcoin noticed this chart and rotated to the leading altcoin to maximize their capital.
The spot Bitcoin ETF is also playing a huge role in the recent surge of Ethereum’s price. With more than $2 billion inflow into these ETFs each week, there is a clear demand for cryptocurrency exposure. Blackrock has already applied for a spot Ethereum ETF to be approved in the U.S. market, so investors are preparing for another big institutional move.
Technical analysis doesn’t show any strong resistance level overhead, but the 2022 high of around $3,600 is the most logical place for a consolidation. A break of this level will likely lead to a fast surge to $4,000 before an attempt at the $4,891 historical high.
Pullix (PLX): Bridging DeFi and CeFi Worlds
Pullix is a new altcoin that aims to bridge the worlds of decentralized finance (DeFi) and centralized finance (CeFi). It’s a trading exchange that offers users the best of both worlds by leveraging the benefits of DeFi while also addressing its limitations.
The lack of liquidity when trading on some decentralized exchanges (DEXs) remains a major issue for DeFi users. Pullix solves this issue with a two-pronged approach. Firstly, Pullix incentivizes users to provide liquidity by offering attractive staking rewards. Pullix also integrates with institutional liquidity providers and off-chain order books for improved execution speed.
One of the biggest issues with centralized exchanges is the KYC (Know Your Customer) process that hinders users’ privacy. Pullix users don’t need to undergo this invasive process, as the platform is fully decentralized and doesn’t require personal information to access its services.
The best part is that once users are signed up, they get access to multiple financial instruments, including stocks, commodities, forex markets, cryptocurrencies, and more. Pullix is clearly striving to create a one-stop shop for all financial trading needs.
Last Call for Investors: Presale Nears Completion
Those fascinated by Pullix’s approach can purchase PLX tokens for $0.14 in the ongoing token sale. This current presale phase is the last opportunity for investors to snatch PLX tokens at this price before they hit exchanges next week.
The $8.50 million raised so far in the presale event shows investors have confidence in the project’s potential. Investors hope this confidence will carry over into the official platform launch and result in a successful project.
Analysts note that Pullix could offer a better alternative to Binance, Coinbase, Kraken, and other centralized exchanges with billion-dollar market caps. With this in mind, 100x growth could be a reasonable expectation for PLX token holders over the next few years.
