Ethereum Celebrates 9th Birthday; Analyst Predicts Imminent Altcoin Season Could Push ETH to US$7,000
Back in 2024 and we are faced with an interesting set-up. Analyst Michaël van de Poppe explains that historically the second half of the year has seen an altcoin rally after a first half of decline. The analyst urged his followers on X to prepare for a US$7,000 (AU$10,700) ETH price.
Ethereum has yet to reach a new all-time high this season, reaching US$3,980.27 (AU$6,085.64) per ETH in March 2024. Even the launch of US Spot Ethereum ETFs earlier in July could not push ETH past its ATH from November 2021 when it reached US$4,891.70 (AU$7,479.18) per coin.
As it’s Ethereum’s ninth birthday, it will be interesting to follow the ecosystem’s journey and price, and compare where ETH trades over the next few cake days – Happy Birthday ETH.