Is a 2024 termination still possible?

Ethereum's price momentum has weakened significantly. It has declined at least 5.4% over the past 30 days. A few analysts have expressed doubts about Ethereum's ability to reach new highs this year. Have Ethereum Investors Lost Faith? Let's see what the analysts say!

Ethereum underperforms compared to tech stocks

Crypto analyst Nick Forster has clearly argued for a big upside move this year and its potential to compete with high-tech stocks including Nvidia and Meta, and a significant upside for their investors compared to Ethereum. .

Since January, Ethereum has not brought anything more than a 0.98% gain.

Forrester indicated that the approval of the Ethereum Spot ETF may not give the digital asset as much as expected.

Ether Fracture Potential: What the Experts Think

Forster gave only a 10 percent chance of such an eclipse. He cites three important conditions for such an occurrence: Trump's victory in the 2024 presidential election, the implementation of large-scale tapering by the US Federal Reserve, and a sudden increase in international money flows.

What do other experts think about the Ether Rally opportunity?

Not all experts accepted Forster's comments. Some have made their differences of opinion clear. The titan of crypto was extremely optimistic when expressing his opinion about the future of Ethereum. He asserted that the market will soon see an upward movement. He cited his comments using the relative strength index as proof of his optimism.

Another analyst who is optimistic about Ethereum's future, Yodada, makes bold claims when he predicts a five-figure growth for Ethereum.

In conclusion, right now, there is not much clarity about the future of Ethereum. Although some experts are optimistic, the existence of opinions such as those shared by Forster clearly question this optimism. Only time will tell how the market will change.

Also Read: Why Crypto and Stocks Crash? What to expect next?