Ethereum: ETH Predicted To Reach $4,000, Here’s When

Vignesh Karunanidhi

Ethereum, the second-largest cryptocurrency by market capitalization, has drawn renewed predictions that its price could climb to between $3,500 and $4,000 in the next 3 to 6 months. The upbeat outlook comes from prominent crypto trader Michaël van de Poppe.

In a recent tweet, van de Poppe, founder of trading firm MN Trading, argued Ethereum is positioning itself for a price surge on several supportive catalysts. First, he cited the upcoming Dencun upgrade’s final testnet launch on February 7th. Dencun aims to make Ethereum more scalable and sustainable ahead of its massive shift away from proof-of-work.

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Beyond the technical upgrade, van de Poppe believes Ethereum could also benefit from the mounting hype around a spot ETF tracking the asset, which would make ETH more readily accessible to mainstream investors. Finally, he anticipates investor rotation from Bitcoin into the broader altcoin ecosystem following Bitcoin’s next halving event in 2024.

Will Ethereum hit $4,000 in the next 3 to 6 months?

Ethereum’s price currently hovers below $2,270, with a 2.8% drop in value over the last 24 hours. While van de Poppe’s $3,500-$4,000 forecast implies a massive upside from current levels, industry analysis platform Changelly offered a more conservative take in its latest update.

Specifically, Changelly predicts Ethereum will average approximately $2,447.76 in February 2024 based on price action year-to-date. It projects a trading range of $2,285.19 on the low end and $2,610.33 on the high end for next month.

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Moreover, Changelly analysts forecast Ethereum to reach $4,000 by mid-2025, assuming market conditions permit. However, that timeline could easily shift depending on various factors like Federal Reserve policy, regulatory pressure, competition from rivals, and progress on Ethereum’s technical roadmap.