The debate over Ethereum’s (ETH) price is reigniting, with analysts making bold predictions for its future trajectory. According to insights from CryptoQuant, a technical indicator known as the Mayer multiple oscillator suggests that Ether could soar past the $5,400 mark by the end of 2024.
While this forecast may seem bullish, analysts at Bitfinex are advising caution. They point out that by the time Ethereum approaches the $5,400 threshold, the indicator’s upper band might have already shifted beyond that level, potentially signaling even higher prices.
As the crypto market continues to evolve, investors are closely monitoring Ethereum’s performance and these forecasts to gauge potential returns on their investments.
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