The price of Ethereum (ETH) could be ready for a very significant rise, with some analysts and social reference points, including Michael van de Poppe, betting on a price increase of up to 70%, with peaks reaching up to $4,000.
https://twitter.com/CryptoMichNL/status/1752783813527097841
The factors that could drive this rise are the hype behind the possibility of seeing ETH Spot ETFs, the Dencun upgrade expected on February 7 and the capital rotation towards the rest of the crypto ecosystem after the Bitcoin halving.
On the Spot Ethereum ETF, there are those who expose themselves a lot. For example, Standard Chartered, a British multinational bank present in over 60 countries, which expects first approval as early as May 2024. Furthermore, the ETF in question appears to be of great interest to large asset managers, such as Grayscale, VanEck and Bitwise to name but a few. some.
As for Dencun, I have written two rather in-depth articles about it and I invite you to read them ( https://www.publish0x.com/blogging-crypto/dencun-the-ethereum-revolution-xgvjknz - https://www.publish0x.com/blogging-crypto/ethereum-dencun-hard-fork-nearing-completion-xoqklvv )
The Bitcoin halving, scheduled for April 2024, could cause a rotation of capital into other assets, first and foremost Ethereum.
The reasons may be the increase in interest in other cryptocurrencies with greater growth potential and for its technological nature (for example it is less polluting being PoS, it has frequent updates just like Dencun which improve fundamental aspects, such as scalability and security, etc. ).
As always, these are only simple predictions, not absolute rules and certainties. Do your research and inform yourself well before making an investment.
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