On-chain data and several crypto analysts suggest that Ethereum price could target the $5,400 level at some point in 2024.) price could reach the $5,400 mark in 2024, according to a technical price indicator used by traders to assess whether a cryptocurrency is overbought or oversold.Ether could surpass $5,400 in the high-risk scenario based on the Mayer multiple oscillator, which is a ratio based on comparing Ether’s current price with its 200-day moving average .
Ether's price is currently trading above the $3,500 mark, around 27% away from its all-time high of $4,891 reached on November 16, 2021, according to CoinMarketCapOver 62% of market participants expect Ether to reach its previous all-time high in 2024, up from 45% a month ago, according to odds by predictions marketBased on the fundamental value added by the Dencun upgrade, the ETH/BTC pair could reach 2021 bull market highs.
Source: Digital Coin News (digitalcoinnews.net)
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