ETH had a very successful Q1 2024 and we had 1 ETH = $4K thanks to the momentum from Layer-2 + DenCun upgrade + expectations for ETH Spot ETF + LSD & LRD trends. Money is flowing into the Ethereum ecosystem, we can absolutely start talking about higher targeted prices for this year. I still believe that ETH will make a new ATH this year and can reach at least $11.5K in this cycle.
ETH, there is no doubt about it. Even though currently, there are several projects that are its competitors, many of which are currently being discussed quite intensively with very significant progress, but that does not make Ethereum lag behind or be abandoned. The underlining is quite clear and the potential is still very high. We really understand how one of these old coins will continue to be one of the leading coins now and in the future. When it comes to price, I am also sure that ETH will pass the previous ATH sooner than we might think.
Like BTC, which passed ATH very quickly, before the halving. It's just a matter of how the ETH trigger will be, which will make us much more optimistic about the increase in ETH prices. And $11k for ETH? Great, I'm really waiting for this possibility.