Cryptocurrency experts predict Ethereum growth to $ 5000

Crypto market analysts note: Ethereum ETH $2,304.88 Bridged Ether (StarkGate) -2.07% Market capitalization $0.17 billion VOL. 24 hours $0.65 billion demonstrates a potential increase in value, as evidenced by low financing rates. At the time of the news publication, the rates ranged from 0.002 to 0.005, which usually precedes a price increase. If the rate exceeds 0.015, as it did in previous periods of market growth, the price of Ethereum may rise again. The last time financing rates reached this level, the price of ETH rose from $ 1,500 to $ 4,000.

Technical analysis also points to positive prospects for the leading altcoin. The cryptocurrency is consolidating in an expanding wedge pattern, and the RSI(Relative Strength Index) shows a strong bullish divergence. This suggests that ETH could reach $ 3,500 or $ 3,600 in the near future, and under favorable conditions, even $ 5,000 in the coming months.

The Ethereum network remains active, with a record 109 billion in gas consumption on September 1. This indicates the high demand of crypto users for Бутерін" href="https://noworries.news/biography/vitalij-buterin/" data-bio-id="3642">Vitalik Buterin's blockchain. In addition, the volume of transactions with stable coins on the blockchain has reached $ 1.46 trillion, which also contributes to the growth of the ETH price.