Ethereum’s New ATH Is Waiting For Another Spring, According to Former Wall Street Analyst! But These Three Major Events Could Set Records!

The biggest altcoin Ethereum BitcoinIt showed more weakness and experienced more declines than .

Despite these declines, analysts generally ETHWhile thinking that ‘s going to experience a strong rise in the near future, an analyst said, He believes that the chances of ETH reaching new record highs by the end of 2024 are slim.

New ATH in Ethereum is Hard to Achieve by the End of 2024!

Founder and CEO of crypto derivatives platform Derive Former Wall Street investor Nick Forster, He said that Ethereum is unlikely to surpass its current all-time high of $4,878 and reach new highs by the end of 2024.

Forster said that Ethereum currently lacks the narrative and momentum to push its price higher compared to other cryptos.

The famous name also stated that the options market has priced in only a 10% chance of ETH reaching record levels by the end of 2024.

Foster stated that ETH reaching its new ATH by the end of 2024 is only possible if three major events occur:

“It is possible but unlikely that Ethereum will surpass its current ATH of $4,878 by the end of 2024.

“Only three events could push ETH to a new ATH. These include Donald Trump winning the US presidential election in November, the Fed implementing aggressive rate cuts to increase liquidity, and a broader increase in global financial liquidity.”

Foster recently said the US election was a one-on-one Ethereum He argued that it could be the most important event in its history, perhaps even more important than the approval of spot ETFs.

Ethereum continues to trade at $2,370 at the time of writing.

*This is not investment advice.