Ethereum's price is showing positive dynamics in 2024 and might reach $5,000. Let's look at recent changes and analysts' forecasts.

Ethereum Price: Recent Weeks' Movement

In recent weeks, the Ethereum price first saw a rise and then a slight fall last week. However, the overall trend in 2024 remains upward. At the year's start, the price was $2,250, and it is currently $2,450. The price reached $3,300 in mid-year but declined after Bitcoin saw a sharp drop.

Potential Explosive Growth in 2024

The year 2024 can be considered successful for Ethereum, despite market complexities. Some analysts believe the crypto market is still undervalued. However, expecting a sharp rise to a new all-time high is premature. Likely, extreme rises await Ethereum in the coming months.

When Will the Price Reach $5,000?

Reaching a new all-time high and surpassing the $5,000 mark is possible if a bull market reemerges, typically after Bitcoin's Halving. It is expected to happen in 2025-2026, especially after the Halving in April 2024. Optimistically, the $5,000 mark could be breached as early as 2025, with Ethereum poised to reach new records, possibly exceeding $10,000.

Ethereum's positive trend in 2024 indicates potential major growth in the future. By 2025-2026, the price might not only reach $5,000 but surpass it if the market develops positively.