$ETH

The future of Ethereum looks bright, as many analysts predict a rise in its price. Here are some key points about the future of Ethereum ¹ ²:

- *Ethereum Price Predictions*: The consensus average for the price of Ethereum ranges between $2,500 to $4,000 during 2024, with expectations of reaching $40,000 by 2030.

- *Technical Updates*: Improvements are being worked on, such as the Dencun update, which aims to increase network capacity and reduce transaction fees.

- *Exchange-Traded Funds*: The approval of Ethereum exchange-traded funds is expected to positively impact its price, despite the delay in approval from the Securities and Exchange Commission.

- *Technical Analysis*: Technical forecasts indicate the possibility of Ethereum reaching the $4,000 level, with an upward chart pattern.

- *On-Chain Metrics*: The Market Value to Realized Value (MVRV) ratio suggests that investors may feel pressured to sell their assets and take profits.

The current price of Ethereum is $2,350.37, with a recent increase of 19.47%. Fluctuations in the cryptocurrency market can affect the price of Ethereum, so it's important to monitor developments in this field ².