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<a href="https://bitcoinworld.co.in/ethereum-eth-price-could-reach-over-5400-according-to-analysts/" title="Ethereum (ETH) Price Could Reach Over $5.4K According To Analysts" rel="noopener noreferrer nofollow"></a>
According to a technical price indicator called the Mayer multiple oscillator, the price of Ethereum (ETH) could potentially exceed $5,400 in 2024.&nbsp;
The <a href="https://twitter.com/binhdangg1/status/1770697032484745250" rel="noopener noreferrer nofollow">analysis</a>, shared by a CryptoQuant author on March 21, suggests that Ether’s price has the potential to reach the upper band of the indicator.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Ethererum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethererum</a> high-risk price is showing 5.4K.
 This chart applies the Mayer Multiple oscillator to <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a> <a href="https://t.co/R9SOpWx9zx" rel="noopener noreferrer nofollow">pic.twitter.com/R9SOpWx9zx</a>
 — binhdangg (@binhdangg1) <a href="https://twitter.com/binhdangg1/status/1770697032484745250?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 21, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
However, Bitfinex analysts cautioned that the upper band may surpass $5,400 by the time the price reaches those levels.
Currently, Ether is trading at $3,460, approximately 29% below its all-time high of $4,891 reached in November 2021.&nbsp;
However, over 62% of market participants expect Ether to reach its previous all-time high this year, according to predictions by polymarket.
Bitfinex analysts also predict that the ETH/BTC ratio could reach the highs of the 2021 bull market.&nbsp;
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Based on the added value from the Dencun upgrade, they estimate a potential value of around $5,900 for Ether, considering the current BTC market price.
The approval of a spot Ether exchange-traded fund (ETF) is a highly anticipated event that could influence Ether’s price trajectory in the short to medium term.&nbsp;
However, Bloomberg analyst Eric Balchunas has revised his odds of an Ether ETF approval from 50% to 35% by May 2024.&nbsp;
This is due to expected regulatory scrutiny from the United States Securities and Exchange Commission (SEC).&nbsp;
The SEC has postponed its decision on several Ether ETF applications, including VanEck’s, with a final deadline set for May 23.
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 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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Ethereum (ETH) Price Could Reach Over $5.4K According To Analysts

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