Ethereum

Bitcoin

Resistance

Coin

Crypto Price Prediction: The crypto market entered 2024 with <a href="https://coingape.com/crypto-prices-today-bitcoin-zooms-past-45k-ethereum-and-pepe-coin-rally/">strong bullish momentum</a>, with a majority of major coins witnessed aggressive buying. The uptick is likely fueled by growing optimism for the potential approval of a <a href="https://coingape.com/btc-price-bitcoin-etf-approval/#:~:text=BTC%20Price%3A%20Before%20%26%20After%20Approval&amp;text=The%20crypto%20market%20has%20largely,21Shares%20spot%20Bitcoin%20ETF%20filing.">Bitcoin spot ETF</a> by the U.S. Securities and Exchange Commission (SEC), anticipated around January 10, 2024 
The Top two leading coins Bitcoin and Ethereum showcased an 8% and 6% jump in the last 48 hours to currently trade at $45616 and $2398 respectively&nbsp; 
The global cryptocurrency market capitalization now stands at $1.76 trillion, marking a notable rise of 6.45% in the past day. Meanwhile, the total volume of cryptocurrency traded in the last 24 hours has surged to $65.2 billion, reflecting a significant 39.61% increase. As for Bitcoin, it currently asserts 50.87% dominance in the market, a slight uptick of 0.52% from the previous day. 
In today’s crypto price prediction, we’ll analyze the near future projection of smart contract giant Ethereum(ETH), and the highest intraday gainer Near Protocol(NEAR), and SEI. 
<h2 id="b-ethereum-price-sees-10-jump-with-this-resistance-breakout-b">Ethereum Price Sees 10% Jump With This Resistance Breakout</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/e/Egam1gBz.png" alt="Ethereum Price" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Ethereum Price| TradingView Chart
 </figcaption>
</figure> 
The Ethereum (ETH) cryptocurrency has been on a <a href="https://coingape.com/markets/ethereum-price-prediction-buterins-2024-roadmap-rally-to-5000/">steady upward trend</a> for over 10 weeks, clearly identifiable by an ascending support trendline. Starting from a mid-October low of $1522, ETH’s price has surged to a current level of $2400, marking a significant 57.5% growth.&nbsp; 
This rally has been characterized by several pullbacks, each met with robust demand at the rising trendline, a positive indicator of a well-established uptrend. This trend suggests that the <a href="https://coingape.com/price/ethereum/">Ethereum price</a> rally is likely to persist as long as the support trendline remains unbroken.&nbsp; 
Today, the ETH price has seen an intraday increase of 2%, hinting at a potential bullish breakout from the last swing high resistance of $2400. If the price can surpass this barrier with a solid daily close above it, there’s room for an additional 10.8% increase, potentially reaching the next key resistance level of $2650.&nbsp; 
Additionally, the 50-day EMA offers dynamic support, further bolstering the ongoing recovery 
<h2 id="b-constructive-pullback-sets-near-protocol-near-price-rally-to-7-b">Constructive Pullback Sets Near Protocol(NEAR) Price Rally to $7</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/f/FgBxeegj.png" alt="Near Protocol(NEAR) Price" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Near Protocol(NEAR) Price| TradingView Chart
 </figcaption>
</figure> 
The Near Protocol (NEAR) coin recently experienced a <a href="https://coingape.com/markets/near-protocol-price-prediction-eyes-5-amidst-open-interest-boom/">slight downturn</a>, dropping 23.36% from its yearly high of $4.62. However, it found reliable support at $3.50, just above the 38.2% Fibonacci retracement level.&nbsp; 
This correction was short-lived, as buyers quickly pushed the price back up, surpassing the $4 mark with a 9.4% intraday gain. Currently, the positive sentiment and healthy retracement have managed to recuperate the exhausted bullish momentum of this asset,&nbsp; 
The <a href="https://coingape.com/price/near-protocol/">Near Protocol price</a> is now trading at $4.16, aiming to surpass its previous swing high of $4.1628. The daily chart reveals a bullish reversal pattern known as a rounding bottom, indicative of sustained investor accumulation.&nbsp; 
This pattern suggests NEAR could aim for targets of $5.25, followed by $6.1 and $7.35. Despite the recent correction, the upward trend of the Bollinger band’s upper boundary signals that bullish momentum remains strong. 
<h2 id="b-sei-coin-price-eyeing-the-1-milestone-with-accelerated-growth-b">SEI Coin Price Eyeing the $1 Milestone with Accelerated Growth</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/u/UqXhZl3Y.png" alt="SEI Coin Price " width="1946" height="937">
 <figcaption class="wp-caption-text">
 SEI Coin Price| TradingView Chart
 </figcaption>
</figure> 
Under the influence of a rising channel pattern, the <a href="https://coingape.com/markets/crypto-price-prediction-today-december-31-icp-trb-sei/">SEI Coin price</a> has also shown a significant recovery since mid-December. The price surged from a low of $0.223 to $0.75, a 236% increase.&nbsp; 
Recently, the SEI price broke through the upper boundary of its channel pattern, signaling an eagerness among buyers for a more robust recovery. If the coin maintains its position above this newfound resistance level, the upward trend could extend by another 20%, targeting the $0.9 mark and potentially reaching the psychological threshold of $1.&nbsp; 
The widening gap between the MACD and its signal line, currently in a bullish crossover state, indicates a strengthening buyer control over the asset. 
<h3 id="related-articles">Related Articles:</h3> 
<ul> 
 <li><a href="https://coingape.com/2023-in-review-5-key-developments-that-changed-crypto-and-defi/">2023 in Review: 5 Key Developments That Changed Crypto and DeFi</a></li> 
 <li><a href="https://coingape.com/bitcoin-btc-halving-here-are-5-potential-cycles-to-watch/">Bitcoin (BTC) Halving: Here are 5 Potential Cycles to Watch</a></li> 
 <li><a href="https://coingape.com/bitcoin-nft-sales-hit-new-record-for-december-2023-whats-ahead-in-january/">Bitcoin NFT Sales Hit New Record for December 2023, What’s Ahead in January?</a></li> 
</ul> 
The post <a href="https://coingape.com/markets/crypto-price-prediction-today-january-2-eth-near-sei/">Crypto Price Prediction For January 2: ETH, NEAR, SEI</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Crypto Price Prediction For January 2: ETH, NEAR, SEI

Indice dei contenuti

Coingape News Media

Altri articoli pubblicati su 2 gen 2024

NFTs in sports: are they good for athletes’ careers?

U.S. Court Chief Justice Roberts Calls for Caution on AI

Matrixport Analysts Announce Bitcoin January Target: "When Will the Altcoin Rally Start?" Answere...

Chainlink Shows Signs of Bull Pennant Formation, LINK Could Hit $34 If It Breaks Above This Level...

Crypto Investors Beware: IRS Crypto Tax Reporting Rules for $10k+ Transactions Now in Effect

Celestia's Lucrative Staking Strategy: How to Earn More with $TIA

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!