$ETH Price Prediction for 2024: Here’s Why Experts Are Confused - CoinPedia Analytics

Ethereum’s price momentum has weakened, dropping 5.4% in the last 30 days. Analysts are divided on its potential to hit a new all-time high this year. Nick Forster doubts Ethereum’s chances, noting its 0.98% gain since January compared to leading tech stocks. He also mentions that the anticipated approval of Ethereum Spot ETFs has yet to boost its price significantly.

Forster estimates only a 10% chance for a breakout, citing three conditions: Trump winning the 2024 presidential election, aggressive rate cuts by the US Federal Reserve, and increased global financial liquidity. In contrast, optimistic voices like Titan of Crypto and analyst Yoddha foresee a potential price surge, with Yoddha even predicting Ethereum could reach five figures.

Ethereum’s future remains uncertain, with mixed expert opinions highlighting the volatility and unpredictability of the market.