Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced significant price movements in 2024. After a correction from $4,000 to below $3,400 in December, Ethereum has appreciated by approximately 46% over the year.
Now, ETH's price has surged past the $3,400 mark, indicating strong investor confidence and a bullish market sentiment. Analysts suggest that Ethereum's price could rise to $8,000 by 2025, with 75% of holders being long-term investors.
However, the market remains volatile, and investors should exercise caution.
