What’s Stopping Ethereum From Producing a God Candle to $5,000?

12.10.2024

Ethereum, the second-largest cryptocurrency by market capitalization, has been long-anticipated by crypto investors to surpass the $5000 psychological level. However, despite the launch of spot ETFs (Exchange-Traded Funds), which drove Bitcoin to new highs, Ethereum’s price has struggled to sustain a directional rally. Here’s what is stopping Ethereum price from producing a ‘God candle’ to the $5k mark.

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12.10.2024

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Bitcoin (BTC) $ 87,335.00
Ethereum (ETH) $ 2,054.62
Tether (USDT) $ 1.00
USDC (USDC) $ 0.999908
Dogecoin (DOGE) $ 0.191139
Cardano (ADA) $ 0.743380
TRON (TRX) $ 0.228802
Chainlink (LINK) $ 15.45
Stellar (XLM) $ 0.294393
LEO Token (LEO) $ 9.77
Hedera (HBAR) $ 0.194078
Litecoin (LTC) $ 93.90
Bitcoin Cash (BCH) $ 330.92
Monero (XMR) $ 225.63
Dai (DAI) $ 0.999719
OKB (OKB) $ 50.63
Gate (GT) $ 23.99
Cronos (CRO) $ 0.105660
Ethereum Classic (ETC) $ 18.31
VeChain (VET) $ 0.026626
Cosmos Hub (ATOM) $ 4.79
Algorand (ALGO) $ 0.210030
KuCoin (KCS) $ 11.32
Stacks (STX) $ 0.746795
Maker (MKR) $ 1,297.91
Theta Network (THETA) $ 0.989196
EOS (EOS) $ 0.578220
Tezos (XTZ) $ 0.722351
Tether Gold (XAUT) $ 3,032.22
IOTA (IOTA) $ 0.201412
Zcash (ZEC) $ 36.51
NEO (NEO) $ 7.91
TrueUSD (TUSD) $ 1.00
Polygon (MATIC) $ 0.233746
Synthetix Network (SNX) $ 0.911780
Dash (DASH) $ 24.22
Zilliqa (ZIL) $ 0.013086
0x Protocol (ZRX) $ 0.278424
Basic Attention (BAT) $ 0.156995
Qtum (QTUM) $ 2.22
Holo (HOT) $ 0.001185
Decred (DCR) $ 12.44
Siacoin (SC) $ 0.003476
Ravencoin (RVN) $ 0.012922
DigiByte (DGB) $ 0.010740
Enjin Coin (ENJ) $ 0.100329
NEM (XEM) $ 0.019533
Nano (XNO) $ 1.10
Waves (WAVES) $ 1.43
Ontology (ONT) $ 0.155551
Hive (HIVE) $ 0.255220
ICON (ICX) $ 0.106211
Lisk (LSK) $ 0.588024
Status (SNT) $ 0.025848
Pax Dollar (USDP) $ 1.00
Numeraire (NMR) $ 9.13
Steem (STEEM) $ 0.140339
Huobi (HT) $ 0.438648
BUSD (BUSD) $ 0.996763
OMG Network (OMG) $ 0.225354
Ren (REN) $ 0.010542
Bitcoin Diamond (BCD) $ 0.050729
Bitcoin Gold (BTG) $ 0.331703
Augur (REP) $ 0.718987
HUSD (HUSD) $ 0.025799
Kyber Network Crystal Legacy (KNCL) $ 0.388719

Bitcoin (BTC) $ 87,335.00

Ethereum (ETH) $ 2,054.62

Tether (USDT) $ 1.00

USDC (USDC) $ 0.999908

Dogecoin (DOGE) $ 0.191139

Cardano (ADA) $ 0.743380

TRON (TRX) $ 0.228802

Chainlink (LINK) $ 15.45

Stellar (XLM) $ 0.294393

LEO Token (LEO) $ 9.77

hedera-hashgraph

Hedera (HBAR) $ 0.194078

Litecoin (LTC) $ 93.90

Bitcoin Cash (BCH) $ 330.92

Monero (XMR) $ 225.63

Dai (DAI) $ 0.999719

OKB (OKB) $ 50.63

gatechain-token

Gate (GT) $ 23.99

crypto-com-chain

Cronos (CRO) $ 0.105660

Ethereum Classic (ETC) $ 18.31

VeChain (VET) $ 0.026626

Cosmos Hub (ATOM) $ 4.79

Algorand (ALGO) $ 0.210030

KuCoin (KCS) $ 11.32

Stacks (STX) $ 0.746795

Maker (MKR) $ 1,297.91

Theta Network (THETA) $ 0.989196

EOS (EOS) $ 0.578220

Tezos (XTZ) $ 0.722351

Tether Gold (XAUT) $ 3,032.22

IOTA (IOTA) $ 0.201412

Zcash (ZEC) $ 36.51

NEO (NEO) $ 7.91

TrueUSD (TUSD) $ 1.00

Polygon (MATIC) $ 0.233746

Synthetix Network (SNX) $ 0.911780

Dash (DASH) $ 24.22

Zilliqa (ZIL) $ 0.013086

0x Protocol (ZRX) $ 0.278424

basic-attention-token

Basic Attention (BAT) $ 0.156995

Qtum (QTUM) $ 2.22

Holo (HOT) $ 0.001185

Decred (DCR) $ 12.44

Siacoin (SC) $ 0.003476

Ravencoin (RVN) $ 0.012922

DigiByte (DGB) $ 0.010740

Enjin Coin (ENJ) $ 0.100329

NEM (XEM) $ 0.019533

Nano (XNO) $ 1.10

Waves (WAVES) $ 1.43

Ontology (ONT) $ 0.155551

Hive (HIVE) $ 0.255220

ICON (ICX) $ 0.106211

Lisk (LSK) $ 0.588024

Status (SNT) $ 0.025848

Pax Dollar (USDP) $ 1.00

Numeraire (NMR) $ 9.13

Steem (STEEM) $ 0.140339

Huobi (HT) $ 0.438648

BUSD (BUSD) $ 0.996763

OMG Network (OMG) $ 0.225354

republic-protocol

Ren (REN) $ 0.010542

bitcoin-diamond

Bitcoin Diamond (BCD) $ 0.050729

Bitcoin Gold (BTG) $ 0.331703

Augur (REP) $ 0.718987

HUSD (HUSD) $ 0.025799

Kyber Network Crystal Legacy (KNCL) $ 0.388719