Ethereum Price Forecast: ETH Eyes Return To $4,800 ATH With 80% Rally, But This Altcoin Is Eyeing 12,000% Gains In 6 Days

Current Ethereum Price Movements

The Ethereum price is trading at $2,610.10 with a market cap of $303 billion anda 24-hour trading volume of $12.3 billion. While the Ethereum price remains below its all-time high of $4,891.70, tge altcoins’ sentiment and market conditions are neutral, as reflected by a Fear-Greed Index of 48.

In the past 24 hours, THE Ethereum price increased by 2.4%, with a 1.3% gain over the last week. Despite the uptick, the altcoin has experienced 50% volatility in the past 30 days, signaling some uncertainty in market movements. Ethereum price is struggling below its 50-day and 200-day EMAs, both signaling a bearish outlook.

Technical indicators on the chart also reveal support at the $2,500 psychological level, which aligns with the base Fibonacci pivot, creating key levels for traders to watch. If the Ethereum price breaks above the $2,500 resistance, forecasters are projecting that the altcoin can rally by 80% to reach its old ATH of $4,800 or even more by the end of 2024.

ETFSwap (ETFS): The Altcoin Set To Deliver 12,000% Gains In 6 Days

Although Ethereum price is projected to rise by 80% in the coming months, it is however nothing compared to ETFSwap (ETFS) projectsd 12,000% gains in 6 days. Experts say this is just the start for the altcoin as it is one of the few altcoins ushering investors into the future with their next-gen utility. ETFSwap (ETFS) offers a platform for trading, swapping, and investing tokenized ETFs by combining the best features of DeFi and TradFi.

These tokenized ETFs include commodities, Bonds, Spots ETFs which are backed by real-world assets, ranging across various industries and can be traded for cryptocurrencies. In addition, ETFSwap (ETFS) gives users the autonomy to manage their portfolios at any time, regardless of market hours. In the fast-paced crypto environment, 24/7 availability to the marketplace helps traders to maximise their profit potential instantly.

Aside from offering users constant and round-the-clock access to its platform, ETFSwap’s (ETFS) intuitive user interface is one of the most catchy features of the platform. The interface is simple and designed to cater to the needs of both novice and experienced traders. For starters the interface boasts AI technology like the ETF Screener and Tracker, which removes the need for human managers or intermediaries.

These AI algorithms assist users in making investment decisions by assessing risks using real time data and crafting trading strategies tailored to individual preferences. The platform also gives users an 87% APR yield on all investments, 50x marginal capital trading, and full decision-making rights. One of the standout perks of ETFSwap (ETFS) is its ability to preserve user data and anonymity.

Thus, investors can access its platform without the hassle of KYC authentication. To further solidify its stance on security, the team has completed a KYC verification audit from SolidProof to ensure the metaverse of its scam-free network. The project has also recently just launched the first phase of its beta platform launch. This mainnet provides investors with awesome services like access to various liquidity pools, the option to stake their tokens to earn rewards, and a live ETF price tracker for real-time updates.

Bottomline

While Ethereum shows potential for an 80% rally, driven by market conditions and technical indicators, the real spotlight is on ETFSwap (ETFS), a new Ethereum-based altcoin. Right now, each ETFS token is available on the platform’s website for $0.03846. With a projected 12,000% gain in just six days and significant growth potential beyond, ETFSwap (ETFS) presents a far more lucrative opportunity than any altcoin in the market.

For more information about the ETFS Presale: