Posted 3/7/2024, 6:12:00 PM
Ethereum Price Could Double in 2022 to $10K on Upgrade, ETF Hopes
- Ether (ETH) could more than double in price this year to $8,000-$10,000+ due to catalysts like the Dencun upgrade and ETF excitement
- Dencun upgrade in March will make Ethereum layer 2 transactions cheaper, boosting adoption
- ETF applications decision deadline in May; 50-60% chance of approval to boost institutional appeal
- ETH's deflationary supply, restaking boom, and rising DeFi activity also price supportive
- BTC needs to break $69K first before ETH can set new highs, similar to previous bull cycle