The price of Ethereum has significantly increased this year, with interest in this crypto asset growing among both institutional investors and regular users.
Reasons for Ethereum Price Surge
Since early April, the price of Ethereum has risen by 150%, nearing $4,000 this week. The main factors driving this growth include institutional investments through exchange-traded products and the active acquisition of ETH by treasury companies.
Experts' Predictions and Estimates
Bitmine Immersion Technologies, led by Tom Lee, presented a forecast of Ethereum's price at $60,000. It mentions that many experts consider Ethereum the largest macro trade for the next decade.
Current Situation on the Ethereum Market
Despite high forecasts, Ethereum's price has dipped 2.5% today to $3,780. However, Ethereum remains stable and begins to consolidate above the $3,500 mark. Support from ETFs and corporations suggests a potential further rise in prices.
The rise in Ethereum's price continues to attract interest from both investors and analysts, with opinions on its future value ranging from moderate to very optimistic. Keeping track of market movements and expert forecasts will be interesting as Ethereum maintains its status as one of the most discussed crypto assets.
