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Ethereum Predictions

Will Ethereum Price Break $4,000?

Ethereum’s outlook is less optimistic than it was at the start of the year, with the SEC’s approval of an Ethereum exchange-traded fund (ETF) likely to be delayed. Here are the latest Ethereum predictions for 2024 and the future of Ethereum.

The Ethereum/US Dollar (ETH/USD) price has had a turbulent ride throughout the second quarter of 2024, marked by significant ups and downs. After gaining 60% in the first quarter and testing the $4,000 levels, the start of the second quarter brought a correction towards the $3,000 levels.

The long-awaited Bitcoin halving, Shapella upgrade followed by Dencun upgrade in March, and expectations of Fed rate cuts have boosted the crypto market through late 2023 and early 2024. However, with the enthusiasm fading and Ethereum funds approvals delayed, ETH/USD is trading at a key juncture.

Will Ethereum survive a retest of the $3,000 support level after hitting a near-all-time high in March?