{"id":663183,"date":"2024-12-16T19:00:54","date_gmt":"2024-12-16T19:00:54","guid":{"rendered":"https:\/\/wncen.com\/?p=663183"},"modified":"2024-12-16T17:37:28","modified_gmt":"2024-12-16T17:37:28","slug":"ethereum-may-retest-3700-before-a-major-rally-analyst-predicts","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/","title":{"rendered":"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts"},"content":{"rendered":"

Ethereum relatively sluggish price performance compared to Bitcoin\u2019s continuous rise appears to have captured the attention of crypto analysts.<\/p>\n

While Bitcoin has created a new peak above $106,000 earlier today, Ethereum’s price still sits below $4,000 with a current trading price of $3,943, marking a modest 1.4% increase over the past 24 hours.<\/p>\n

However, despite this slow pace, some analysts see signs of strength<\/a> and potential growth for Ethereum in the near term.<\/p>\n

Related Reading: Ethereum Battles Bearish Retail Sentiment Amid Surging ETF Demand<\/a><\/div>\n

Retest Before The Major Rally<\/h2>\n

One notable analyst, CryptoBullet, shared his insights<\/a> on X, drawing comparisons between the current market environment and Ethereum\u2019s January 2021 rally.<\/p>\n

\"Ethereum
Ethereum price chart. | Source: CryptoBullet on X<\/figcaption><\/figure>\n

\u201cSecond consecutive weekly candle closed above the resistance,\u201d the analyst observed. \u201cThe shape of the candle and overall environment reminds me of January 2021. We might wick to $3,700 this week, but it will be bought back up quickly. Don\u2019t ignore this ETH strength.\u201d<\/p>\n

CryptoBulllet further emphasized that Ethereum’s ability to hold its position above key resistance levels is a strong indicator of bullish momentum, suggesting that a significant price movement<\/a> could be on the horizon.<\/p>\n

\n

$ETH<\/a> 1W update<\/p>\n

Second consecutive weekly candle closed above the Resistance \ud83d\udc4c\ud83d\ude01<\/p>\n

The shape of the candle and overall environment reminds me of January 2021<\/p>\n

We might wick to $3700 this week but it will be bought back up quickly \ud83d\udcc8<\/p>\n

Don\u2019t ignore this #ETH<\/a> strength! https:\/\/t.co\/rIamWMSAb6<\/a> pic.twitter.com\/29bs5aTUd3<\/a><\/p>\n

\u2014 CryptoBullet (@CryptoBullet1) December 16, 2024<\/a><\/p><\/blockquote>\n

Titan of Crypto, another renowned analyst in the community echoed this optimism, noting Ethereum’s highest weekly candle close since 2021 as a major milestone.<\/p>\n

\u201cEthereum New ATH Incoming. ETH just achieved its highest weekly candle close since 2021, a major milestone,\u201d he wrote<\/a>. \u201cA successful retest could propel it to its previous ATH and beyond.\u201d<\/p>\n

These observations indicate growing confidence among market participants<\/a> that Ethereum could soon reclaim its all-time high of $4,878, last achieved in November 2021.<\/p>\n

\"Etherfeum
ETH price is moving upwards on the 2-hour chart. Source: ETH\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Ethereum Traders Faces Liquidation<\/h2>\n

Despite these bullish projections, Ethereum\u2019s recent price action has not been favorable for all market participants. According to data<\/a> from Coinglass, 123,021 traders were liquidated over the past 24 hours, resulting in a total of $396.41 million in liquidations across the crypto market.<\/p>\n

Ethereum accounted for approximately $53.12 million of these liquidations, with long positions<\/a> taking the larger hit at $28.4 million, while short positions saw liquidations worth $24.69 million.<\/p>\n

Notably, liquidation occurs when a trader\u2019s position is forcibly closed by an exchange due to insufficient funds to cover losses. In the case of Ethereum, the higher volume of liquidations<\/a>, particularly among long positions, reflects a level of over-leverage among traders betting on the asset\u2019s upward momentum.<\/p>\n

\"The
The crypto market total liquidations in the past 24 hours. | Source: Coinglass<\/figcaption><\/figure>\n

Featured image created with DALL-E, Chart from TrangView<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum relatively sluggish price performance compared to Bitcoin\u2019s continuous rise appears to have captured the attention of crypto analysts. While Bitcoin has created a new peak above $106,000 earlier today, Ethereum’s price still sits below $4,000 with a current trading price of $3,943, marking a modest 1.4% increase over the past 24 hours. However, despite this slow pace, some analysts see signs of strength and potential growth for Ethereum in the near term. Related Reading: Ethereum Battles Bearish Retail Sentiment Amid Surging ETF Demand Retest Before The Major Rally One notable analyst, CryptoBullet, shared his insights on X, drawing comparisons between the current market environment and Ethereum\u2019s January 2021 rally. \u201cSecond consecutive weekly candle closed above the resistance,\u201d the analyst observed. \u201cThe shape of the candle and overall environment reminds me of January 2021. We might wick to $3,700 this week, but it will be bought back up quickly. Don\u2019t ignore this ETH strength.\u201d CryptoBulllet further emphasized that Ethereum’s ability to hold its position above key resistance levels is a strong indicator of bullish momentum, suggesting that a significant price movement could be on the horizon. $ETH 1W update Second consecutive weekly candle closed above the Resistance \ud83d\udc4c\ud83d\ude01 The shape of the candle and overall environment reminds me of January 2021 We might wick to $3700 this week but it will be bought back up quickly \ud83d\udcc8 Don\u2019t ignore this #ETH strength! https:\/\/t.co\/rIamWMSAb6 pic.twitter.com\/29bs5aTUd3 \u2014 CryptoBullet (@CryptoBullet1) December 16, 2024 Titan of Crypto, another renowned analyst in the community echoed this optimism, noting Ethereum’s highest weekly candle close since 2021 as a major milestone. \u201cEthereum New ATH Incoming. ETH just achieved its highest weekly candle close since 2021, a major milestone,\u201d he wrote. \u201cA successful retest could propel it to its previous ATH and beyond.\u201d These observations indicate growing confidence among market participants that Ethereum could soon reclaim its all-time high of $4,878, last achieved in November 2021. Ethereum Traders Faces Liquidation Despite these bullish projections, Ethereum\u2019s recent price action has not been favorable for all market participants. According to data from Coinglass, 123,021 traders were liquidated over the past 24 hours, resulting in a total of $396.41 million in liquidations across the crypto market. Ethereum accounted for approximately $53.12 million of these liquidations, with long positions taking the larger hit at $28.4 million, while short positions saw liquidations worth $24.69 million. Notably, liquidation occurs when a trader\u2019s position is forcibly closed by an exchange due to insufficient funds to cover losses. In the case of Ethereum, the higher volume of liquidations, particularly among long positions, reflects a level of over-leverage among traders betting on the asset\u2019s upward momentum. Featured image created with DALL-E, Chart from TrangView<\/p>\n","protected":false},"author":580,"featured_media":663197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[134,6664,10923,8323,1946,91844,78803],"class_list":["post-663183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altcoin","tag-crypto","tag-crypto-market","tag-eth","tag-ethereum","tag-ethereum-market","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum May Retest $3,700 Before a Major Rally, Analyst Predicts<\/title>\n<meta name=\"description\" content=\"Ethereum relatively sluggish price performance compared to Bitcoin\u2019s continuous rise appears to have captured the attention of crypto...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts\" \/>\n<meta property=\"og:description\" content=\"Ethereum relatively sluggish price performance compared to Bitcoin\u2019s continuous rise appears to have captured the attention of crypto...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-16T19:00:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-16T17:37:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts\",\"datePublished\":\"2024-12-16T19:00:54+00:00\",\"dateModified\":\"2024-12-16T17:37:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/\"},\"wordCount\":500,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024\",\"keywords\":[\"altcoin\",\"crypto\",\"crypto market\",\"ETH\",\"ethereum\",\"Ethereum Market\",\"ETHUSDT\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/\",\"name\":\"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024\",\"datePublished\":\"2024-12-16T19:00:54+00:00\",\"dateModified\":\"2024-12-16T17:37:28+00:00\",\"description\":\"Ethereum relatively sluggish price performance compared to Bitcoin\u2019s continuous rise appears to have captured the attention of crypto...\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024\",\"width\":1024,\"height\":1024,\"caption\":\"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts","description":"Ethereum relatively sluggish price performance compared to Bitcoin\u2019s continuous rise appears to have captured the attention of crypto...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts","og_description":"Ethereum relatively sluggish price performance compared to Bitcoin\u2019s continuous rise appears to have captured the attention of crypto...","og_url":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-12-16T19:00:54+00:00","article_modified_time":"2024-12-16T17:37:28+00:00","og_image":[{"width":1024,"height":1024,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts","datePublished":"2024-12-16T19:00:54+00:00","dateModified":"2024-12-16T17:37:28+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/"},"wordCount":500,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024","keywords":["altcoin","crypto","crypto market","ETH","ethereum","Ethereum Market","ETHUSDT"],"articleSection":["Ethereum"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/","url":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/","name":"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024","datePublished":"2024-12-16T19:00:54+00:00","dateModified":"2024-12-16T17:37:28+00:00","description":"Ethereum relatively sluggish price performance compared to Bitcoin\u2019s continuous rise appears to have captured the attention of crypto...","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024","width":1024,"height":1024,"caption":"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","crypto market","eth","ethereum","ethereum market","ethusdt"],"dateCreated":"2024-12-16T19:00:54Z","datePublished":"2024-12-16T19:00:54Z","dateModified":"2024-12-16T19:00:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-may-retest-3700-before-a-major-rally-analyst-predicts\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/DALL\\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/DALL\\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto\",\"crypto market\",\"eth\",\"ethereum\",\"ethereum market\",\"ethusdt\"],\"dateCreated\":\"2024-12-16T19:00:54Z\",\"datePublished\":\"2024-12-16T19:00:54Z\",\"dateModified\":\"2024-12-16T19:00:54Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-16-17.37.06-A-digital-illustration-showing-Ethereums-logo-prominently-with-a-price-chart-background-indicating-a-potential-rally.-The-chart-shows-a-dip-towards-.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/663183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=663183"}],"version-history":[{"count":2,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/663183\/revisions"}],"predecessor-version":[{"id":663216,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/663183\/revisions\/663216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/663197"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=663183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=663183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=663183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}