Ethereum

Convergence

Shift

Arthur

Divergence

<p>The post <a href="https://coinpedia.org/news/ethereum-eth-price-to-hit-5k-in-2024-predicts-arthur-hayes/">Ethereum (ETH) Price Set to Dominate – $5,000 in 2024?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In December, <a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">Ethereum</a> surged past the $2,100 mark, driven largely by the growing expectation of the SEC’s potential approval of the <a href="https://coinpedia.org/news/sec-delays-decision-on-pioneering-invesco-galaxy-ethereum-etf-to-february-2024/">Ethereum Exchange-Traded Fund (ETF)</a>. This awaited ETF decision stirred optimism throughout the crypto market.</p> 
<p>Further accelerating Ethereum’s growth, <a href="https://coinpedia.org/news/blackrock-officially-files-the-s-1-application-for-its-spot-ethereum-etf/">BlackRock</a>, a major asset management firm, declared its intent to enter the Ethereum ETF space. Interestingly, in November, Ethereum’s growth rate outpaced that of Bitcoin, with a 13% increase compared to Bitcoin’s 8%.</p> 
<p>Here are the exciting predictions for ETH in the year 2024.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-looking-ahead-to-2024-predictions-for-ethereum"><strong>Looking Ahead to 2024: Predictions for Ethereum</strong></h2> 
<p>Many analysts and experts are optimistic about Ethereum’s prospects in 2024. Notably, Arthur Hayes, co-founder of BitMEX, has shifted his focus from the rising <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">Solana (SOL)</a> to Ethereum, despite Solana’s recent 350% surge. This move underscores Hayes’ confidence in Ethereum’s potential for sustained growth and innovation in the crypto sector.</p> 
<p>Currently, Ethereum’s trading value stands at $2,275.86, reflecting a daily increase of 2.84% and a monthly rise of 14.45%. Such consistent growth has led to predictions that Ethereum could potentially reach $5,000.</p> 
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   <p lang="en" dir="ltr">Fam … I have a confession to make.<br><br>I received a msg from the Lord while meditating. He said dump that Sam coin POS, and profess your love for Archangel Vitalik. <br><br>So I dumped <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>, and bot more <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>.<a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> = $5,000</p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1738008677360239091?ref_src=twsrc%5Etfw">December 22, 2023</a>
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<p>Also Read: <a href="https://coinpedia.org/news/sec-postpones-ruling-on-ethereum-etfs-opens-door-for-public-input/">SEC Postpones Ruling on Ethereum ETFs, Opens Door for Public Input</a></p> 
<h2 class="wp-block-heading" id="h-things-are-looking-up"><strong>Things are Looking Up!</strong></h2> 
<p>Hayes’ shift in perspective provides valuable insights into Ethereum’s future trajectory, especially when compared to his earlier prediction of a $100 value for Solana. His analysis points to Ethereum’s ongoing transition to a proof-of-stake model and the promising ETF opportunities as key drivers for its anticipated growth. These factors highlight Ethereum’s resilience and potential to play a significant role in the evolving crypto landscape.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/ethereum-eth-price-set-to-hit-3500-analyst-maps-buy-levels/">Ethereum (ETH) Price Set To Hit $3500: Analyst Maps Buy Levels</a></p> 
<p>In summary, Hayes’ recent actions emphasize Ethereum’s increasing importance and its potential to influence the crypto market in the upcoming years. If Ethereum continues its positive performance from 2023 into 2024, reaching the $5,000 mark could be a realistic possibility. Technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), further support a positive outlook for Ethereum’s future growth.</p> 
<p><strong>Ready to ditch your SOL for ETH? Tell us why (or why not!)</strong></p>

Ethereum (ETH) Price Set to Dominate – $5,000 in 2024?

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