Crypto Analyst Predicts Ethereum Could Reach $3,217.86 in 2024

• Ethereum faces outflows, while Bitcoin ETF has seen significant inflows.
• Analysts suggest an “altcoin season” is imminent with ETH potentially leading the charge.
• Predictions show ETH could reach a high of $3,217.86 by year-end, with a potential low of $2,823.96.

Ethereum experienced an outflow at the start of the week, according to recent data from Michael van de Poppe. Despite this, Bitcoin ETF has seen significant inflows. To regain upward momentum, Ethereum needs to break through 0.046 BTC resistance level.

#Ethereum had outflow on the first day of the week, although it's delayed information.

There are 0 flows on BlackRock, while #Bitcoin ETF has provided a substantial inflow.

Expecting this to pick up momentum, however, Ethereum still needs to break through 0.046 BTC. pic.twitter.com/9QmZXi2j6P

— Michaël van de Poppe (@CryptoMichNL) August 20, 2024

Ethereum’s performance has been under scrutiny as it faces outflows despite a strong Bitcoin ETF inflow. Additionally, Ethereum’s current price is $2,605.78 with a 24-hour trading volume of $13,188,403,770. It is down 0.16% in the last 24 hours and holds a market cap of $313,446,293,868 and a circulatin…

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