EN 
CN In 2024, the Bitcoin halving cycle will usher in again, and the entire encryption market will usher in the opportunity of a big bull market! However, this halving market is likely to be centered on Ethereum, and the market for ETH will inevitably be more amazing than that of ETH. In terms of investment, holding BTC and ETH spot is likely to exceed the digital asset return rate of 99%, while betting on ETH listed companies means indirectly investing in Ethereum ETH-related assets, similar to the emergence of BTC concept stocks in 2020 situation at the time. In 2020, betting on BTC concept stocks outperformed BTC itself, while in 2024, betting on ETH concept stocks is expected to outperform ETH itself. Driven by this four-year Bitcoin halving cycle, Ethereum ETH will enter a truly shining moment and reap fruitful returns.
This article will take you through the spectacular spectacle of Ethereum’s continued rise, explore the reasons behind it, and provide some advice on Ethereum investment. Let us enter this exciting feast together and feel the madness and passion.
目录表
Positive factors for the Ethereum ecosystem in the coming months
Cancun upgrade
In the development process of Ethereum, Vitalik planned an upgrade roadmap in the early stage, including the four stages of Frontier, Homestead, Metropolis and Serenity to realize the "world computer" Vision. Currently, Ethereum is in the Metropolis stage, facing challenges such as performance and high Gas fees.
The Cancun upgrade, also known as the Cancun-Deneb upgrade, is another upgrade to the main chain after the Ethereum Shanghai upgrade. The upgrade aims to enhance the scalability, security and availability of the Ethereum network, increase the number of transactions per second (TPS) of the main chain and reduce gas fees, thereby achieving expansion of the Ethereum main chain.
The completion of the Cancun upgrade will significantly enhance the effectiveness of the Ethereum network, improve its infrastructure, and consolidate its leading position in the public chain field. In addition to the impact on Ethereum itself, Layer 2 solutions will also usher in unprecedented development and prosperity.
Ethereum ETF
The Bitcoin ETF has been approved, and the application for the Ethereum ETF has become the focus of the community. The U.S. Securities and Exchange Commission (SEC) postponed a resolution on ARK/21Shares and VanEck’s Ethereum spot ETF application on December 19, setting a new resolution deadline of late May 2024. Additionally, the SEC has reportedly delayed its decision on the Hashdex Nasdaq Ethereum ETF and Grayscale Ethereum Trust conversion applications.
Bloomberg analyst James Seyffart said on the Unchained podcast that the SEC may change its stance on Ethereum. He pointed out that the SEC’s recent approval of an Ethereum futures ETF indicates that the SEC may be subtly acknowledging that Ethereum is a commodity, not a security.
As of January 11, Cointelegraph reported that Bloomberg ETF analyst Eric Balchunas stated that the likelihood of the spot Ethereum ETF being approved in May was 70%, saying that he had heard in back channels that the spot Ethereum ETF would go smoothly.
However, digital asset lawyer Joe Carlasare believes that the approval of spot Ethereum ETFs may take longer than expected, while the SEC is working to establish a precedent that retains some discretion when deciding which digital asset ETFs are allowed to enter the market.
EigenLayer activates Restaking economy
EigenLayer introduces the concept of re-pledge (Restaking), allowing users to re-pledge already pledged Ethereum or Liquidity Staking Tokens (LST), providing additional security and rewards for decentralized services on Ethereum. Projects related to re-pledge, such as Restake Finance, Renzo Protocol, Kelp DAO, ether.fi, etc., will promote the development of the re-pledge economy.
Development of other projects
In addition to the Cancun upgrade and the Ethereum ETF, there are many other projects thriving in the Ethereum ecosystem. For example, SSV Network improves the performance and security of validators, and projects such as Swell and Pendle further promote the development of the Restaking field. In addition, there are some projects that are innovating in aspects such as cross-chain and IBC, such as Picasso and Layerless.
Ethereum (ETH) Price Analysis: Market Trends
As the price of Ethereum (ETH) continues to fluctuate, the market is full of concern about its future trend. ETH has always been an important player in the cryptocurrency market. Ethereum is a decentralized smart contract platform that supports numerous applications, including decentralized finance (DeFi), stablecoins, non-fungible tokens (NFT) and decentralized Autonomous Organization (DAO). As a platform that hosts thousands of tokens, Ethereum has been a popular choice for developers to innovate.
Price trend:
ETH price has performed strongly in the past, achieving a growth of 23.93%, showing a continued upward trend. However, recent price action has shown some changes that have investors concerned.
technical analysis:
Support and Resistance: The current market price is $2800.17, with an intraday decline of 15.53%, which is at the recent support level. If ETH maintains these levels and rises higher, it could test the $3,000 supply area again. The overall trend is currently strong, but every wave of rise or fall is bound to be accompanied by market recovery, and market band operations are the main focus.
At present, after the market breaks new highs and rises rapidly, it does not make much sense to look at the daily line level. The MA moving average has deviated, and the market will recover. The pressure is mainly seen from the weekly line. First of all, we need to pay attention to the pressure range between 51800 and 52000 on the physical K-line of Bitcoin's weekly level. For Ethereum, we need to pay attention to the pressure on the dotted line of 2780 to 2800 on the weekly level. At the bottom, you need to pay attention to the support level after the recent increase to see whether the support is effective. After the support retracement, it will continue to rise based on the support, but the market needs to be looked at step by step.
In the evening operation, Bitcoin will enter the market with a short order near 51700 to 52000, target around 50300, and defend 52300; Ethereum will enter the market with a short order near 2765 to 2780, and the target will first look around 2700, and defend 2805. The publication of articles is time-sensitive, and the market fluctuations are relatively large, and the specific focus is on real-time guidance.
Ethereum future predictions in 2024
Relatively speaking, 2024 has the opportunity to become a time node for the restart of the bull market in the currency circle, and Ethereum will naturally rise. A more important factor is that Bitcoin will be halved again in mid-2024. Historically, Bitcoin halving (referring to mining rewards) has brought about a surge in currency prices, which is what we call a "bull market."
Bitcoin’s historical halving time and price trends:
| frequency | time | Mining rewards | Price changes |
| first halving | 2012-11-28 | 50→25 | $11→$260
(23.6 times) |
| second halving | 2016-07-10 | 25→12.5 | $430→$20000
(46.5 times) |
| The third halving | 2020-05-12 | 12.5→6.25 | $3150→$68790 (21.8 times) |
| The fourth halving | 2024-05-09 (estimated) | 6.25-3.125 |
Considering the high positive correlation between Ethereum and Bitcoin, history repeating itself will have the opportunity to help Ethereum reach new highs. If the currency circle as a whole is under pressure, the chances of success in 2024 are expected to be greater.
However, it should be noted that history does not simply repeat itself, and there is no guarantee that the market will repeat itself. Before Ethereum attempts a historical high, bulls must first establish a small high of $3,600.
Can you make money investing in Ethereum in the future? Is there great investment potential in Ethereum?
Whether investing in Ethereum is profitable depends on a variety of factors. Although the high volatility in the Ethereum market presents investment opportunities, investors need to be aware of the risks and uncertainties of the cryptocurrency market.
Over the past few years, many people have made huge fortunes through Ethereum and other virtual currencies. However, past performance is no guarantee of future results. The cryptocurrency market is affected by a variety of factors, including market demand, technological development, regulatory environment and global economic conditions.
Choosing the right timing and entry price is crucial when it comes to investment potential. If you bought Ethereum at a lower point and held on to this day, you could have made a handsome return. However, short-term price fluctuations may require investor patience and risk tolerance.
It is important to note that investing in cryptocurrencies such as Ethereum carries risks. Market volatility is high and prices may fluctuate significantly. In addition, the cryptocurrency market is still relatively young, the regulatory environment is not yet complete, and there are potential risks.
Therefore, regarding the potential of investing in Ethereum, investors should fully understand the characteristics of the cryptocurrency market and make informed decisions based on their own risk tolerance and investment objectives. It is recommended that adequate research and consultation with a professional financial advisor be conducted before making any investment:CryptoPie
The Best Ethereum (ETH) Trading Strategies for 2024
Firstly, technical analysis is a commonly used strategy in Ethereum trading. Through the analysis of historical prices and transaction volumes, the future trend of Ethereum can be predicted.
Technical analysis uses tools such as chart patterns, indicators, and formations to identify price trends and possible buy and sell levels. For example, when the price trend shows an upward trend and an oversold signal appears, you can consider buying Ethereum; when the price trend turns downward and an overbought signal appears, you can consider selling Ethereum.
Technical analysis requires investors to have certain technical analysis knowledge and experience. Secondly, fundamental analysis is also one of the important strategies in Ethereum trading.
Fundamental analysis focuses on Ethereum’s intrinsic value and market influencing factors. Investors can judge the long-term value of Ethereum by analyzing its development progress, application scenarios, partnerships and other factors.
In addition, global macroeconomic changes, policies and regulations, and market sentiment will also have an impact on the price of Ethereum. Fundamental analysis requires investors to have an in-depth understanding of the market and industry.
Third, risk management is key when trading Ethereum. Due to the high volatility of the Ethereum market, investors need to set stop loss points to limit losses.
The stop-loss point is a price level set during the trading process that will automatically sell once the price reaches this point. At the same time, investors also need to set appropriate position sizes based on their own risk tolerance and market conditions to avoid over-investment.
Finally, trading discipline is also the key to successful trading. Investors should abide by their own trading rules and not blindly chase the rise and fall.
At the same time, it is also very important to monitor market dynamics and adjust trading strategies in a timely manner. In summary, Ethereum trading requires investors to have knowledge and experience in technical analysis and fundamental analysis.
At the same time, risk management and trading discipline are also keys to successful trading. Investors should develop a suitable trading strategy based on their own circumstances and continue to learn and adapt to market changes in order to obtain long-term profits.
How to invest or buy Ethereum?
Like many other cryptocurrencies, Ethereum can be bought and sold through cryptocurrency exchanges such as Coinbase and Binance. These exchanges match buyers and sellers and may charge transaction fees.
It is important to note that cryptocurrency exchanges and cryptocurrency wallets are two different concepts. A cryptocurrency wallet is a digital storage space where you store your cryptocurrency after purchasing it. Cryptocurrency wallets can be divided into custodial wallets (the most common and easy to set up), where a third party holds your cryptocurrency on your behalf; non-custodial wallets (which give the owner complete control over their cryptocurrency); and hardware wallets (which store cryptocurrency offline equipment) etc. In addition to providing trading services, some trading platforms also provide wallet services to users.
Frequently Asked Questions about Ethereum Investment
1. Is Ethereum investing a scam?
For investors who don’t understand cryptocurrencies, it’s easy to think of cryptocurrencies as a scam, but they are not! It is true that some criminals are using Ethereum to make money, but the cryptocurrency itself is legal. As the second largest cryptocurrency in the world, Ethereum has been used in various types of smart contracts, decentralized finance, decentralized applications, etc., such as digital virtual currency issuance, NFT non-fungible token issuance and trading, digital Financial lending, digital virtual games, etc. are constantly increasing on the Ethereum platform. The ecosystem of the platform is growing day by day, just like the Apple ios ecosystem in smartphones or the Android ecosystem in the Android mobile phone camp. Unless the above-mentioned decentralized The demand for specialized applications disappears overnight (the chance is extremely low), otherwise the Ethereum platform is unlikely to disappear one day.
2. What is the difference between Ethereum and Bitcoin?
The main differences are circulation and application. Bitcoin’s supply is capped at 21 million, while Ethereum has no cap. Bitcoin was created as an alternative to currency, becoming a medium of exchange and store of value, while Ethereum can be used to build smart contracts and DApps in addition to digital currency.
The Best Cryptocurrency Exchanges of 2024 Where You Can Buy ETH
| Best Cryptocurrency Exchange in Malaysia | score | handling fee | Bonus offers |
| Huobi | 3.8/5 | 0.20% | Get $700 + 90,000 SHIB |
| Huobi | 3.8/5 | 0.20% | Get $700 + 90,000 SHIB |
| MEXC | 3.8/5 | $0 | Get 1,000 USDT bonus |
| Binance | 4.9/5 | 0.10%-4.5% | no promotion |
| KUCOIN | 4.7/5 | 0.1% | Receive $500 bonus |
| BYBIT | 4.0/5 | 0.1%-0.3% | Get 50USDT bonus |
| BingX | 4.1/5 | 0.1% | Get 30USDT |
| etoro | 3.9/5 | 1% | Get a $10 bonus |
Start investing now!
Whether you are a beginner who has not yet dabbled in cryptocurrency or a seasoned investment veteran, it is undeniable that Ethereum has become a popular financial tool. After the introduction in this article, I hope investors can find an investment method that suits them!
