Is Ethereum Price Ready to Rise?

Despite being the largest altcoin by market value, Ethereum has not shown the expected performance. However, experts say historical data suggests positive signs for the future. It’s curiosity about what will be the price target for ETH in 2024 and the predictions of analysts about it. Expert Predictions and Rally Expectation While the decline in 2022 is still fresh in investors’ minds, ETH has been seen to emerge stronger in the last month’s market. Bitfinex analysts are expecting a strong rally for ETH this year and basing their predictions on historical data. A prediction based on 200-day moving average indicators suggests a $5,400 annual target. Future Price of ETH According to CoinMarketCap data, ETH is trading at 27% below its all-time high. Polymarket data also suggests a decrease in the percentage of market participants who think the price will not reach an all-time high this year. Bitfinex analysts say the […]

Is Ethereum Price Ready to Rise?

Despite being the largest altcoin by market value, Ethereum has not shown the expected performance. However, experts say historical data suggests positive signs for the future. It’s curiosity about what will be the price target for ETH in 2024 and the predictions of analysts about it.

Expert Predictions and Rally Expectation

While the decline in 2022 is still fresh in investors’ minds, ETH has been seen to emerge stronger in the last month’s market. Bitfinex analysts are expecting a strong rally for ETH this year and basing their predictions on historical data. A prediction based on 200-day moving average indicators suggests a $5,400 annual target.

Future Price of ETH

According to CoinMarketCap data, ETH is trading at 27% below its all-time high. Polymarket data also suggests a decrease in the percentage of market participants who think the price will not reach an all-time high this year. Bitfinex analysts say the ETH/BTC pair could reach a record level this year, signaling a value of around $5,900 for Ether.

Against the potential barriers of the SEC, some experts don’t think the approval of a spot ETH ETF is out of the question. With these developments, expectations for the future price of Ethereum are rising.

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how to buy crypto?
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