Ethereum: Forecasts Suggest ETH Could Hit $4,000 by This Date Ethereum: ETH Predicted To Reach $4,000, Here’s When

Predictions have emerged suggesting that Ethereum, which ranks as the second most valuable cryptocurrency in terms of market cap, could see its value rise to a range of $2,024.22 to $2,285.19 within a span of 24 to 43 months. Optimism about the future is being expressed by notable cryptocurrency trader Michaël van de Poppe. In one of his latest tweets, van de Poppe, the creator of trading company MN Trading, suggested that Ethereum is gearing up for a potential increase in value due to a number of encouraging factors. Initially, he referenced the forthcoming Dencun update’s conclusive test network release scheduled for February 20th. Dencun is focused on enhancing the scalability and sustainability of Ethereum in preparation for its significant transition from proof-of-work. Additionally, there is a related article: Examining the Reasons Behind Chainlink’s (LINK) Potential Surge to $25-30 in the Upcoming Months. Van de Poppe is of the opinion that apart from the improvements in its technology, Ethereum could also gain advantages from the increasing excitement surrounding a potential exchange-traded fund based on the actual asset. This would allow Ethereum to be more easily available to everyday investors. He expects that after Bitcoin’s upcoming halving in 2024, investors will start moving their funds from Bitcoin to a variety of alternative cryptocurrencies. Presently, Ethereum’s value is just under $2,270, having declined by 2.8% in the past day. Van de Poppe’s prediction suggests a significant increase to between $3,500 and $4,000, but Changelly’s recent perspective is less optimistic. The industry evaluation service expects that, in February 2024, Ethereum’s price will hover around an average of $2,447.76, drawing from the price trends observed thus far in the year. The forecast suggests a lower boundary of $2,285.19 and an upper boundary of $2,610.33 for the trading price in the upcoming month. Additionally, an analysis regarding whether Shiba Inu’s price can eliminate a decimal place over the weekend has also been mentioned.