There are two key catalysts that could propel Ethereum to a new all-time high next year.
Up more than 50% through the first half of 2024, Ethereum (ETH 0.30%) now appears to be on track to regain its all-time high of $4,891 from the previous crypto bull market rally. Given Ethereum’s current price of $3,400, that would imply a rally of more than 40% within a relatively short period of time.
That’s certainly possible, given how well Ethereum has performed over the first half of the year. But a lot still needs to go right. Here’s a closer look at two key factors that could propel Ethereum to the $5,000 mark by 2025.
1. Continued growth of Ethereum’s blockchain ecosystem
First and most importantly, Ethereum needs to see continued growth in core segments of its sprawling blockchain ecosystem. One of the most important of these segments is known as decentralized finance (DeFi), which refers to traditional financial products and services…
