{"id":42719,"date":"2024-12-05T10:19:32","date_gmt":"2024-12-05T10:19:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/eth-breaks-3900-as-bitcoin-spikes-past-103k\/"},"modified":"2024-12-05T10:19:32","modified_gmt":"2024-12-05T10:19:32","slug":"eth-breaks-3900-as-bitcoin-spikes-past-103k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/eth-breaks-3900-as-bitcoin-spikes-past-103k\/","title":{"rendered":"ETH breaks $3,900 as Bitcoin spikes past $103k"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/bull-market-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/bull-market-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/bull-market-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/bull-market-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>ETH is showing early signs of an upward rally with the surge to above $3,900.<\/li>\n<li>Bitcoin\u2019s surge past $100k could lead to a major breakout for altcoins, and analysts see Etherum leading the surge.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum (ETH)<\/a> rose to above $3,900 as Bitcoin finally <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-hits-100k-for-the-first-time-as-bull-run-continues\/\">broke the psychological $100k level<\/a> to reach its highest ever price of $103,679 on Dec. 5.<\/p>\n<h2>Bitcoin soars past $103k<\/h2>\n<p>The price of ETH was up more than 5% at the time of writing after spiking to intraday highs of $3,923 across major exchanges. Ethereum\u2019s uptick comes as Bitcoin breaks key levels amid predictions of further gains.<\/p>\n<p>Ki Young Ju, CEO of CryptoQuant, says BTC is far from done with the current surge.<\/p>\n<p>\u201cFresh capital is fueling Bitcoin. As the realized cap grew, the ceiling price increased from $129K to $146K in 30 days. At $102K, it\u2019s far from a bubble\u2014it would need a 43% surge to hit the threshold often considered a bubble,\u201d he <a href=\"https:\/\/x.com\/ki_young_ju\/status\/1864590204553842853\" target=\"_blank\" rel=\"noopener\">posted on X<\/a>.<\/p>\n<p>With the breakout for BTC likely to push the flagship digital asset to new highs, analysts are also bullish on ETH. An eventual altcoin breakout could send ETH and other coins to landmark levels.<\/p>\n<h2>ETH price predictions<\/h2>\n<p>Analysts have shared various predictions for the top altcoin by market cap in recent days. Other than the $4,000 level and the all-time high reached during the previous bull market, analysts have their eyes on $5k to $10k if an altcoin season does happen.<\/p>\n<p>Crypto analyst Miles Deutscher says ETH will lead utility coins up. He also sees Bitcoin\u2019s rally as great news for alts.<\/p>\n<p>\u201cThe higher #Bitcoin goes, the bigger the altcoin run will be,\u201d the analyst <a href=\"https:\/\/x.com\/milesdeutscher\/status\/1864528395369107641\" target=\"_blank\" rel=\"noopener\">noted<\/a>.<\/p>\n<p>Entrepreneur and crypto analyst Michael van de Poppe <a href=\"https:\/\/x.com\/CryptoMichNL\/status\/1864581834660598048\" target=\"_blank\" rel=\"noopener\">opined<\/a>:<\/p>\n<p>\u201cBitcoin broke through $98K and the $100K barrier was lifted in just a blink of an eye. Altcoins suffering slightly, but imagine the upside altcoins are going to have when Bitcoin continues to consolidate.\u201d<\/p>\n<p>Raoul Pal, founder and CEO of Real Vision, says ETH may have \u201cits nose pressed against the ceiling.\u201d However, should it break higher, the rally could be \u201cspectacular\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> with its nosed pressed against the ceiling\u2026 if this breaks its going to be spectacular. Maybe it pulls back first to gather steam or maybe it sails straight through\u2026 <a href=\"https:\/\/t.co\/0TsJMba1MA\">pic.twitter.com\/0TsJMba1MA<\/a><\/p>\n<p>\u2014 Raoul Pal (@RaoulGMI) <a href=\"https:\/\/twitter.com\/RaoulGMI\/status\/1864452495210057946?ref_src=twsrc%5Etfw\">December 4, 2024<\/a><\/p>\n<\/blockquote>\n<p>ETH currently changes hands near $3,920, up 5.3% in the past 24 hours and nearly 60% up in the past month.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/eth-breaks-3900-as-bitcoin-spikes-past-103k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) ETH is showing early signs of an upward rally with the surge to above $3,900. Bitcoin\u2019s surge past $100k could lead to a major breakout for altcoins, and analysts see Etherum leading the surge. Ethereum (ETH) rose to above $3,900 as [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":42720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42719"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=42719"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/42720"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=42719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=42719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=42719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}