Altcoin analyst Altcoin Gordon told over 400,000 X followers Friday that his year-end target for Ethereum is $11,250. That would be a 3.4X increase compared to current prices.
Bitcoin has received plenty of attention from the media since October between the SEC approval of Bitcoin ETFs in January and the upcoming fourth Bitcoin halving in April.
Ethereum supply dropping.
Ethereum demand increasing.
Do you understand? pic.twitter.com/txH5g9Eq4w
— Gordon (@AltcoinGordon) January 18, 2024
But an Ethereum ETF is also in the works this year, and the network has been deflationary in supply ever since a very significant upgrade in 2022.
Meanwhile, JP Morgan analysts are anticipating the Proto-Danksharding upgrade this year.
Ethereum Price Prediction: $11,250 By 2024
Altcoin