Ethereum Price Prediction: Can it reach $10,000 in 2024?
Ethereum price soars past $2,600, fueled by Bitcoin's rally. Speculations rise on reaching new highs, possibly $10,000 by 2024's end.
The Ethereum price is currently moving up quickly in the slipstream of the Bitcoin price and has been able to surpass the $2,600 mark again in the last few days . With the recent increases, there is a chance that the Ethereum price can reach new all-time highs in the coming months. Can the Ethereum price even rise to $10,000 by the end of 2024?
How has the Ethereum price moved in the last few weeks?
The Ethereum price has risen significantly in the last few weeks. In mid-October, the Ethereum price was still at $1,600. Then the price rose extremely sharply at the end of 2023. In mid-January, Ethereum was able to break through the $2,600 mark.
In the last few weeks we saw a significant consolidation and the price fell back to the $2,200 mark. But another bull run over the last two weeks brought the Ethereum price back above $2,600.
Can the ETH price rise consistently in the coming months?
The year 2024 has so far been dominated by the crypto bull run. The Bitcoin price is rising massively in anticipation of the halving. Especially as Bitcoin prices continue to rise, the prices of altcoins could rise even more in percentage terms. While many coins are highly speculative, a rise in Ethereum is still the safest behind Bitcoin.
Another point that could cause the Ethereum price to explode is a possible Ethereum ETF. However, many regulatory questions still need to be clarified. Whether the ETH price rises more strongly, equally or slightly weaker than the Bitcoin price, a rally in 2024 is likely.
Can the ETH price rise to $10,000 at the end of 2024?
The Ethereum price could well see a new all-time high in 2024. This is above the $4,800 mark. This puts us over 50% of the all-time high at the moment. The road to $5,000 might not be far.
But an ETH price at $100,000 should take even longer. Normally, the extreme bull run on the crypto market only occurs about 1 year after the Bitcoin Halving. Therefore, we see the Ethereum price at the end of 2024 closer to $5,000.
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Kieth Rean Garcia
Kieth is an Article Writer, Digital Nomad, Web3 Enthusiast, and NFT Gamer, currently based in the Philippines. Actively involved in the blockchain space for 3 years, his work spans across writing and exploring the potentials of Web3 and NFTs.
Regular updates on Web3, NFTs, Bitcoin & Price forecasts.
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