Ethereum

Bitcoin

Spot

<div class="finbold">
 <p class="paragraph">While Bitcoin (BTC) has been taking the bulk of the attention in the ongoing crypto market rally, Ethereum (ETH) has been far from idle.&nbsp;</p>
 <p class="paragraph">Not only has it seen a major price increase through the previous months that has taken ETH to highs not seen since late 2021, but the development team has continued actively rolling out <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a>s.</p>
 <p class="paragraph">The most recent of these, the Dencun <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a>, went live on Wednesday, March 13, and is primarily aimed at bolstering the efficiency of the blockchain’s mechanisms for storing information with the ultimate goal of drastically reducing gas fees.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Major short squeeze incoming for MicroStrategy stock <span class="self-center text-xs text-slate-500">15 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Everyrealm unveils Everyworld, a blockchain discovery and rewarded ads protocol&nbsp; <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Top 3 altcoins for 10X returns in 2024 <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin is up $70k from March 2020 crash <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-can-eth-hit-5k-after-the-dencun-<a rel=" dofollow title="upgrade" href="https://thebittimes.com/tag/upgrade.html" rel="noopener noreferrer nofollow">upgrade"&gt;Can ETH hit $5k after the Dencun <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a>?</h2>
 <p class="paragraph">While the Dencun <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a> has been highly anticipated, it is only the latest in the string of developments expected to help propel Ethereum to $5,000.&nbsp;</p>
 <p class="paragraph">The world’s second cryptocurrency is well-positioned to soon test a new all-time high both due to the technical improvement and the pending spot Ethereum exchange-traded fund (ETF) decision – with the chances of approval bolstered by the approval of spot BTC ETFs in January 2024 – according to Michaël van de Poppe, a prominent crypto trader and analyst.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">The next in line for a potential all-time high test is #Ethereum.<br><br>Why?<br>– Dencun <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a>.<br>– Potential Spot ETH ETF approval.<br><br>Crucial resistance is approaching, but the $BTC pair has barely moved. <br><br>We'll likely see more strength coming from this asset. pic.twitter.com/LyWh8ht9ow</p>— Michaël van de Poppe (@CryptoMichNL) March 6, 2024
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">Still, despite resistance on ETH’s path toward $5,000 rapidly thinning, it will face a challenge in overcoming the area between $4,522 and $4,646 in which 600,000 addresses hold more than $1.6 million Ethereum, per the information shared by another crypto expert, Ali Martinez, on X.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">#Ethereum path to $5,000 looks increasingly clear, as resistance thins. The key hurdle? A supply zone at $4,522-$4,646, where 600,000 addresses hold 1.63 million $ETH. It's not a matter of if, but when! pic.twitter.com/LMvw3kjrEW</p>— Ali (@ali_charts) March 11, 2024
   </blockquote>
  </div>
 </figure>
 <h2 class="wp-block-heading" id="h-ethereum-price-chart">Ethereum price chart</h2>
 <p class="paragraph">While it remains to be seen whether Ethereum will soon reach $5,000, ETH has certainly been one of the major beneficiaries of the ongoing crypto market rally. In the last 52 weeks, Ether rose 136.93%, and it surged 73.92% since the start of 2024.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/XrYGuJvi6IhmHZOZETgApFQ4Gewcux9pCfbxdQdLjxcaY9hETh9aUiX3sMLRYBhbDxY2Oc4eg_IscYlVV629Nm_ePSPefzJ_IY3sOzoK1WoIUUwfaffpOo1w7YD4A3LCfmMIB994rd7vXopa8Azis0g" alt>
 </figure>
 <p class="paragraph">Ethereum’s more recent performance has also been positive and ETH is up 50.85% in the last 30 days, and the latest 24 hours of trading saw it, despite a massive whipsaw, stay in the green by 0.10%, and land at the press time price of $4,004.05.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-dencun-upgrade-goes-live-can-eth-hit-5k-tbt82447.html">https://thebittimes.com/ethereum-dencun-upgrade-goes-live-can-eth-hit-5k-tbt82447.html</a></p>

Ethereum Dencun upgrade goes live; Can ETH hit $5k?

Table of Contents

TheBitTimes

Other articles published on Mar 13, 2024

Cardano (ADA) & Dogecoin (DOGE) Bulls Stampede into Raffle Coin (RAFF) Presale, Anticipating a 30...

Altcoin Surge Mirrors Bitcoin’s High as Crypto Market Gains Momentum

From recession to resurgence: UK economy’s rapid rebirth

Market Analysis: Bitcoin Holds Firm as Altcoins Navigate Turbulence

Binance says it trained investigators in Nigeria under government cooperation

Ripple’s XRP Experiences Surge and Setback in Market Transaction Frenzy

Join our free newsletter for daily crypto updates!