Ethereum is demonstrating significant growth in the cryptocurrency market, surpassing Bitcoin, and has reached its highest value in recent months. Analysts provide forecasts regarding future price changes.
Ethereum's Rise and Current Achievements
This week, Ethereum (ETH) reached $3,670, marking its highest level since January. Over the past month, ETH has shown a 45% increase, highlighting the strength of the current trend.
Prospects for Further Growth
Analysts predict further growth for Ethereum and other altcoins in the near future. Analyst Felix Xu from ZX Squared Capital believes that a sharp correction is unlikely unless two key macroeconomic conditions change.
Is the $10,000 Target Achievable?
While the market expects Ethereum to reach $10,000 by the end of the year, analysts approach this goal cautiously. Xu noted that achieving this plan requires a 190% increase in just over five months.
Thus, Ethereum continues to showcase robust growth; however, questions arise about the feasibility of hitting the $10,000 mark. Current macroeconomic conditions and inflows into ETFs play a critical role in determining the future trajectory.
