Ethereum Price Will Surpasses $2500?

[Sophie Robert]

Ethereum has continued to rise deliberately, frequently remaining above the bottom support. The second-largest cryptocurrency's price may now aim for $2000 now that it has risen above $1900.

A big Altseason, however, may start after the price of Ethereum (ETH) crosses the 0.36 FIB levels around $2500, and it may intensify once the price soars over $2800.



Retractions Following the Upgrade

At 22:27 GMT, the Shanghai upgrade was initiated, and it was completed at around 22:42 GMT. In the 30 minutes following the upgrade's activation, almost 285 withdrawals in epoch 194,408 totaling about 5,413 ETH ($10 million) had been completed. Over the next four to five days, 1.2 million ETH tokens valued more than $2.3 billion at the current price will be available for withdrawal, according to Coin Metrics.

Affects the price of ETH

The price of ETH was relatively flat at the time of the Shanghai hard fork, and roughly 4000 people were watching an Ethereum Cat Herders-hosted Shapella Mainnet Watch Party. However, with the withdrawal mechanism being operational, there may soon be brief changes in the price of ETH. The full effect of the upgrade on Ether's price has yet to be seen, despite the fact that the token has already surpassed the $1,900 threshold.

What Next for ETH
Proto-dank sharding, a feature that attempts to increase scalability by reducing fees and transaction latency, will be included in Cancun, the following significant Ethereum upgrade. While the Shanghai update has been a huge breakthrough for Ethereum, there are still many important tasks that need to be completed. However, as noted by Ethereum founder Vitalik Buterin, these important tasks may be securely completed at a slower pace.

[cryptoworld1]

The price of ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is anticipated to hit a high of $2.7K before settling at around $2.5K by the end of 2023.

[Doovla]

By articles analysis ,next bull run will be start in begining of 2024 year. Not to say that this year wont be bull run,in truth it was by the start of this year with not so much rise percent but profit was to make back then. Articles giving prognose that by 2025 year it will go so much up to 7800$ so price I think will surpass the target price you suggest. Ethereum keeps its market dominance.