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Ethereum Price $3K Rally at Risk as ETH Turns Inflationary Post-Dencun Coingape 06 Okt 2024

Ethereum Price $3K Rally at Risk as ETH Turns Inflationary Post-Dencun 📉

Ethereum's price experienced a 1.03% increase during a calm Sunday session, currently trading at $2,438. This gain is seen as a rebound from the previous week’s selling pressure, which was intensified by the geopolitical tensions between Israel and Iran.

The potential for Ethereum’s price to reach $3,000 is threatened as recent developments turn the asset inflationary after the Dencun update. Concerns have emerged over whether this reversal signals a departure from Ethereum’s prior deflationary trajectory.

Furthermore, the record low in Ethereum’s L1 fees adds to the current market dynamics, further complicating the long-term price trajectory of the cryptocurrency.

Quelle: coingape.com ↗

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Ethereum Approaches Critical $3,920 Resistance Level Amidst Bullish Momentum and Increased Whale Activity
Exploring the Possibilities: Could Ethereum (ETH) Break Resistance at $2,836 or Slip to $2,062? Coinotag 10 Okt 2024
Exploring the Possibilities: Could Ethereum (ETH) Break Resistance at $2,836 or Slip to $2,062?
Ethereum Eyes $4,000 Amid Resistance at $3,900: Will Bulls Breakthrough? Coinotag vor 1 Woche
Ethereum Eyes $4,000 Amid Resistance at $3,900: Will Bulls Breakthrough?
Ethereum Shows Potential for Growth, Eyes Resistance Levels Between $3,420 and $3,600 Coinotag 23 Nov 2024
Ethereum Shows Potential for Growth, Eyes Resistance Levels Between $3,420 and $3,600
Ethereum Shows Signs of Resilience as Bulls Aim for Potential Rally Toward $3,600 Amid Decreasing Selling Pressure Coinotag 17 Nov 2024
Ethereum Shows Signs of Resilience as Bulls Aim for Potential Rally Toward $3,600 Amid Decreasing Selling Pressure
Ethereum Surpasses $3,000 Amid Gains While Trader Suggests Potential Reversal Coinotag 09 Nov 2024
Ethereum Surpasses $3,000 Amid Gains While Trader Suggests Potential Reversal
Ether Appears Poised for Breakout Above $3,700 Despite Selling Pressure from Whales and Early Investors Coinotag 22 Nov 2024
Ether Appears Poised for Breakout Above $3,700 Despite Selling Pressure from Whales and Early Investors
Ethereum Poised for Volatility: Key Liquidation Thresholds at $3800 and $3600 Explained Coinotag vor 3 Wochen
Ethereum Poised for Volatility: Key Liquidation Thresholds at $3800 and $3600 Explained
Could Ethereum Approach $3K as Bitcoin Remains Dominant After Election? Coinotag 09 Nov 2024
Could Ethereum Approach $3K as Bitcoin Remains Dominant After Election?
Ethereum Price Analysis: Potential Decline Below $2,900 or Rebound Toward $3,443 Amid Weak Market Momentum Coinotag 15 Nov 2024
Ethereum Price Analysis: Potential Decline Below $2,900 or Rebound Toward $3,443 Amid Weak Market Momentum
Ethereum Price Predictions: Will ETH Rebound Above $3,000 or Face a Downturn? Coinotag 18 Okt 2024
Ethereum Price Predictions: Will ETH Rebound Above $3,000 or Face a Downturn?
Could Ethereum (ETH) Overcome Current Challenges to Reclaim the $2,600 Level? Coinotag 08 Okt 2024
Could Ethereum (ETH) Overcome Current Challenges to Reclaim the $2,600 Level?
Could Ethereum’s Support at $2,300 Signal a Potential Rally Towards $6,000? Coinotag 08 Okt 2024
Could Ethereum’s Support at $2,300 Signal a Potential Rally Towards $6,000?
Ethereum Price Targets $3,562 Amid Strong Bullish Momentum and Potential for Further Gains Coinotag 13 Nov 2024
Ethereum Price Targets $3,562 Amid Strong Bullish Momentum and Potential for Further Gains
Ethereum Tests $3.6K Resistance: Could a Breakout Lead to $3.9K? Coinotag vor 3 Wochen
Ethereum Tests $3.6K Resistance: Could a Breakout Lead to $3.9K?