Ethereum (ETH) Price Today 09/11/2024: ETH Mimics S&P500, Market Expert Ali Martinez Suggests There Could Be More Upside Ahead, Targeting the $10k Zone

The price of Ethereum Today 09/11/2024 is showing a significant rise, with the asset recently managing to surpass the US$ 3 thousand zone with an increase

The price of Ethereum (CRYPTO: ETH) today, September 11, 2024, is showing a significant rise, with the asset recently managing to surpass the US$3,000 zone with an increase of more than 3% compared to the previous day.

The cryptocurrency market has been reacting positively to significant events such as Donald Trump's election victory and a new interest rate cut by the Federal Reserve this week. In this optimistic scenario, Ethereum managed to reach a milestone by breaking the $3 barrier today after rising more than 20% this week.

At the time of publication, Ethereum’s price was trading at $3.039,26, up 3.6% in the last 24 hours. In its weekly development, the asset is on track to close the week with a 21.5% increase. In this period, ETH went from a price of $2.400 to reach a peak of $3.055.

ETH to $10k? Analyzing recent movements on the Ethereum network, market expert Ali Martinez suggested that there could still be more upside ahead for the second-largest cryptocurrency, with the asset potentially set to explode in the future. According to the analyst, Ethereum recently hitting the $3.000 level today “is just the beginning.” In a recent technical analysis, Martinez noted that ETH’s recent price action is mimicking the S&P500. Given the movements, the analysis suggested one last dip for Ethereum before reaching an impressive $10.000 per unit.

“Ethereum $ETH has been mimicking the S&P500, and this could be the last dip before it triples to $10.000!” wrote or specialist.

Recently, experts highlighted that Ethereum is expected to explode and surpass Bitcoin, targeting the $8.000 zone. Among the cryptocurrencies that have stood out in the market recently is Ethereum (ETH), with a performance that has caught the attention of important analysts and fund managers. According to publications on X, they predict that ETH could surpass Bitcoin (BTC), with a target price of $8.000, anchored in expectations of advances in regulations in the decentralized finance (DeFi) sector.

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