Ethereum: analyst predicts rise to around $4,000 by early 2024!


Those who are also optimistic about Ethereum are the analysts of banking giant JP Morgan. They share the positive view of Ethereum's future performance and predict that ETH will outperform Bitcoin and other digital currencies by 2024.
Optimism towards ETH derives from the imminent EIP-4844 update on the Ether blockchain. The update will allow proto-danksharding in the Ethereum chain and will reduce transaction costs for users. The most anticipated update on the Ethereum network after Merge is proto-danksharding, EIP-4844.
The update is expected to reduce transaction costs and increase processing capacity, facing two of the main challenges currently faced by the ETH blockchain.#Gateio #Altcoin season
ETH-2.26%
BTC0.68%
OP-4.55%
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