Ethereum Price Prediction: ETH Dips 2.3% to $2,309 on Sberbank Crypto Plans

Ethereum price prediction signals near-term downside. ETH trades at $2,309, down 2.3% on October 10, 2024, per CoinGecko data. Russia's Sberbank readies crypto trading for 100 million users, as Cointelegraph reports. Alternative.me's Crypto Fear & Greed Index hits 27, extreme fear territory.

Bitcoin drops 1.8% to $75,021. Total market cap falls to $1.50 trillion. Sberbank, Russia's largest bank with 470 million rubles ($5.2 billion USD) in daily transactions, eyes licensed retail crypto post-2026 sanctions.

Solana slips 3.0% to $84.59. XRP falls 1.4% to $1.42. ETH market cap holds $278.8 billion. Stablecoin USDT stays at $1.00 with $186.7 billion cap.

Sberbank Crypto Integration Pressures ETH Short-Term

Sberbank integrates trading into its Sberbank Online app for 100 million clients. Russia legalized crypto payments after 2026, per Central Bank guidelines. Traders rotate from ETH amid risk-off sentiment.

Cointelegraph confirms Sberbank tests Ethereum transactions under regulatory oversight. Competitors favor Solana's 400ms finality for compliance. Yet ETH dominates layer-1 DeFi with $60 billion TVL, per DeFiLlama.

Bitcoin's pullback drags altcoins. Sberbank legitimizes crypto in BRICS economies. ETH gas averages 8 gwei, under $0.20 per transaction.

• Asset: BTC · Price (USD): 75,021 · 24h Change: -1.8% · Market Cap ($B): 1,501.8
• Asset: ETH · Price (USD): 2,309 · 24h Change: -2.3% · Market Cap ($B): 278.8
• Asset: XRP · Price (USD): 1.42 · 24h Change: -1.4% · Market Cap ($B): 87.6
• Asset: SOL · Price (USD): 84.59 · 24h Change: -3.0% · Market Cap ($B): 48.7

CoinGecko supplies this data (ETH page). ETH lags Bitcoin's relative strength.

Ethereum Price Prediction Hinges on $2,300 Support

ETH probes $2,300 support. Holding enables $2,500 resistance test. All-time high hit $4,878 on November 10, 2021.

Post-Merge proof-of-stake burns 1.5 million ETH yearly via EIP-1559, per Ultrasound Money. 28% supply staked locks 33.8 million ETH, curbing inflation. Alternative.me's index at 27 flags oversold conditions. Binance ETH spot volume rises 15% to $12 billion.

Sberbank aims Q2 2026 launch. 140 million Russians could inject $5 billion inflows at 1% adoption. Fintechs build ETH onramps for remittances.

Bull Case: ETH Surges on Adoption and Tech Upgrades

ETH rallies past $2,500 if Sberbank volumes surge. Spot ETH ETFs, SEC-approved July 23, 2024, draw $10.2 billion AUM, BlackRock data shows. Layer-2s like Optimism cut fees 90% post-Dencun blobs.

DeFiLlama tracks $195 billion DeFi TVL, 60% on Ethereum ecosystem. Staking yields 4.2% attract Sberbank clients. Bitcoin over $75,000 correlates to ETH $2,800 target. Token burns tighten supply at 120,000 ETH/month.

MiCA rules enable EU-compliant ETH flows. Fintech revenues from crypto hit 20% via ETH pairs. L2 throughput hits 100 TPS on Base.

Bear Case: ETH Tests $2,000 on Delayed Rollout

$2,300 breach targets $2,000. Sberbank delays spark outflows. Russia tensions erode confidence.

Solana captures DeFi share with 65,000 TPS peaks. TRX rises 1.8% to $0.33 on speed. Fed rates above 4.5% pressure BTC to $70,000, ETH follows.

USDT dominance climbs to 65%. Risk-off favors stables over volatile ETH.

Catalysts Drive Ethereum Price Prediction Outlook

Sberbank testnet launches soon. Central Bank approvals speed rollout. Dencun upgrade multiplies L2 capacity 10x via EIP-4844 blobs, slashing data costs 95%.

Cointelegraph covers preparations (article). BlackRock ETH ETF adds 500,000 units weekly. Fintech crypto volumes yield $2 billion annually.

Ethereum price prediction pivots on $2,300. Sberbank success fuels $3,000 rally; delays deepen correction. Monitor ETF flows and gas trends.