#ETHOnTheRise

Ethereum (ETH) presents several important news and trends for 2024:

Ethereum Spot ETFs: There is great expectation for the approval of Ethereum spot ETFs in the United States. The SEC's decision is expected in May 2024. If approved, these ETFs could attract significant institutional capital, helping to boost the price of ETH and consolidate its relevance in the crypto market【14】【15】.

EIP-4844 update: Also known as "Proto-Danksharding" or "The Surge", this update promises to reduce transaction costs on layer 2 of the Ethereum network. The improvement seeks to increase scalability and storage space, allowing greater efficiency for projects and users of the network. This change is expected in 2024 and will be an important catalyst for the development of the blockchain【15】【16】.

Expected Upside: Analysts indicate that Ethereum may be undervalued relative to Bitcoin, and with positive technical patterns, there is potential for significant upside, possibly surpassing US$$ 4.000. However, factors such as capital inflow from large investors and regulatory decisions may influence performance【14】【15】.

Regulatory Landscape: In Brazil, new regulations, such as taxation of crypto assets abroad, are pushing investors to migrate to national brokerages. Globally, a clearer regulatory environment, especially in the US, is expected to reduce risks in the crypto market【15】.

These trends put Ethereum in a promising position for 2024, both technologically and financially.