Ethereum Price Expected To Hit $5,000 in 2024, ETH Whales Are Accumulating These Ethereum-Based Tokens

Again, this year brought exceptional changes in what everyone has dubbed the king of DeFi, Ethereum. The Dencun Upgrade came, the spot Ethereum ETF approval followed, and there has been a wave of enthusiasm rippling through the ETH community.

Analysts predict $5k for Ethereum’s price meaning a ton of Ethereum-based projects are set to blaze to new highs. While short-term challenges remain, the long-term outlook is bright. Currently, Ethereum’s price has rebounded to $2,650, with a 5% drop Month over Month.

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