Ethereum price rise might give green light to the new altseason
2024-09-24

Hello traders,

Ethereum price started to recover after a prolonged fall.
Ethereum recovery is on early stages and at the moment it's need more confirmations.

ETH price slowly approaching its main resistance to date and it will be big test if the price manages to rise above it or not.

In case if ETH manages to breakout above 3000 resistance area and hold there then we can expect continuation of the uptrend.
But in case if ETH price fails to do so then we probably will see another correction to around 2400 area. I don't expect this correction to last long though.

As we are approaching Q4 2024 I expect overall crypto market recovery and the main drivers of this recovery should be Bitcoin and Ethereum.

One more thing, historically, every altseason begins from ETH price recovery and growth of ETH dominance, after that liquidity start to flow to other altcoins. I expect this to be true in Q4 2024.

Please, do not forget to boost this idea and leave your comments below, thanks.