Ethereum (ETH) price forecasts for the near future show significant growth. According to the analysis, by mid-June 2024, the price of Ethereum is expected to range from $3,757.21 to $4,766.30.
Further growth is forecast in July and August 2024, possibly reaching $5k.
Analysis of technical indicators such as RSI, Moving Averages and MACD indicate a continued bullish trend despite short-term fluctuations.
These indicators show that Ethereum can maintain positive momentum in the long term.
Network upgrades and the level of institutional usage remain important factors influencing the price of ETH. It is expected that with further development of the network and an increase in transaction throughput to 100,000 transactions per second, the price will continue to rise.
However, market volatility is a different story.
