Rally

Solana

Avalanche

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 <p>2023 was not particularly Ethereum’s (<a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>) best year. Although the second-largest cryptocurrency rallied almost 90%, other altcoins, such as Solana (SOL) and Avalanche (AVAX), were miles ahead. SOL’s price went up by nearly 1000% in 2023. AVAX, on the other hand, saw an increase of over 200%. However, things may change for <a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> in 2024, as there is a possibility that the project could surge to new heights. </p> 
 <p><strong>Also Read: Ethereum to “Easily” Rally 350% and Hit $10,000: Predicts Analyst</strong>.</p> 
 <h3 class="wp-block-heading" id="h-ethereum-eth-to-hit-10-000-in-2024">Ethereum (ETH) to hit $10,000 in 2024?</h3> 
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  <img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2024/01/06/ed166695f7216efeb31c032fbf7ef166.webp" alt="Ethereum Price on Black Friday 2023" class="wp-image-118543" srcset="https://cdn.thebittimes.com/images/2024/01/06/ed166695f7216efeb31c032fbf7ef166.webp 1024w, https://cdn.thebittimes.com/images/2024/01/06/ed166695f7216efeb31c032fbf7ef166.webp 300w, https://cdn.thebittimes.com/images/2024/01/06/ed166695f7216efeb31c032fbf7ef166.webp 768w, https://cdn.thebittimes.com/images/2024/01/06/ed166695f7216efeb31c032fbf7ef166.webp 1536w, https://cdn.thebittimes.com/images/2024/01/06/ed166695f7216efeb31c032fbf7ef166.webp 380w, https://cdn.thebittimes.com/images/2024/01/06/ed166695f7216efeb31c032fbf7ef166.webp 550w, https://cdn.thebittimes.com/images/2024/01/06/ed166695f7216efeb31c032fbf7ef166.webp 800w, https://cdn.thebittimes.com/images/2024/01/06/ed166695f7216efeb31c032fbf7ef166.webp 1160w, https://cdn.thebittimes.com/images/2024/01/06/ed166695f7216efeb31c032fbf7ef166.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>One of the biggest drivers for <a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>’s price would be a bull run for the crypto market. Analysts anticipate a bull market in 2024, fuelled by the SEC‘s (Securities and Exchange Commission) possible approval of a spot Bitcoin (BTC) ETF (Exchange Traded Fund) and BTC’s halving event in April. Both developments could usher in a 2021-like bull run for the crypto market. In such a scenario, BTC might hit a new all-time high. If BTC reaches a new peak, <a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> is likely to follow. </p> 
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 <p><strong>Also Read: Ethereum: <a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> Could Hit $3500 in Q1, But There’s a Catch</strong></p> 
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 <p>The second factor that could send Ethereum (<a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>) to $10,000 is the possibility of an <a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> ETF. The world’s largest asset manager, BlackRock, is among the interested parties. Moreover, the SEC has accepted <a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> as a commodity. Hence, an <a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> ETF approval could be smooth sailing for the industry. </p> 
 <p>Another aspect to consider is that an Ethereum (<a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>) rally is long overdue. Other altcoins, such as Solana (SOL), Avalanche (AVAX), Cardano (ADA), etc., rallied hard towards the end of 2023. <a rel="dofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>, however, kept calm. Hence, we may see a late rally for the second-largest cryptocurrency. </p> 
 <p>Ethereum (ETH) is also one of the most-used networks right now. The project dominates in terms of applications and adoption. This metric will play a vital role in ETH’s journey to $10,000. </p> 
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<div class="cs-entry__tags">
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  <li>ETH</li>
  <li>ethereum</li>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/ethereum-3-indicators-suggest-eth-could-reach-10-000-in-2024-tbt75733.html">https://thebittimes.com/ethereum-3-indicators-suggest-eth-could-reach-10-000-in-2024-tbt75733.html</a></p>

Ethereum: 3 Indicators Suggest ETH Could Reach $10,000 in 2024

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