?Can Ethereum hit $10,000 in 2024

Amid a bullish momentum in the cryptocurrency

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sector, which has pushed its representative asset,

Bitcoin (BTC), over the $50,000 price threshold,

things have been going great for the largest

altcoin by market capitalization - Ethereum (ETH)

- and investors are wondering if five figures could

.be in store this year

As it happens, the recent market optimism has

pushed Ethereum closer to the psychologically

important price level of $3,000, and breaking

through this barrier could give it enough strength

to continue further, possibly making a new all-

time high (ATH) and perhaps even ending up in

.the $10,000 range

Bullish factors for Ethereum

That said, such a significant price increase would

.ot be possible without other important factors

falling into place, including the upcoming launch

of Proto-Danksharding, as observed by Simon