Bitwise: Ethereum could break $10,000 this year, driven by numerous catalysts

Ethereum, which has been largely overshadowed by Bitcoin over the past few months, should at least double in price in 2024, said Juan Leon, a crypto analyst at asset management firm Bitwise. Leon said: Ethereum is likely to exceed $8,000 or $10,000 this year, or even higher. He pointed out that the Bitcoin ETF has gotten all the attention, but there will be more benefits for ETH next. This month’s Dencun upgrade will reduce transaction fees on the L2 network, which will enhance network activity and even attract mainstream public interest in Ethereum. need. He added that most positive sentiment will emerge in the weeks and months following the upgrade. (CoinDesk)