Ethereum (ETH) Price Predictions: Why Some Think ETH Has Legs Beyond $4K

Ethereum (CCC:ETH-USD) is on the march on Monday, topping $4,000 for the first time. The push extended the cryptocurrency’s year-to-date rise to more than 430%, versus a near 105% increase in the value of Bitcoin (CCC:BTC-USD).

A concept image of mining an Ethereum (ETH) token.

But don’t say we didn’t warn you. Ethereum (ETH) price predictions were featured in our coverage last week after market research firm FundStrat told clients to watch for a 2021 price target of $10,000 for ETH.

What’s new is that now another prominent crypto voice, Megan Kaspar, co-founder of the digital asset investment firm Magnetichas boosted her price target to the $8,000 to $10,000 price range by year’s end.

Fundamentals Fuel Ethereum (ETH) Price Predictions

Recall that it was a week ago that the Ethereum price blew past the $3,000 threshold following an upgrade of the underlying Ethereum blockchain. As a quick recap, the blockchain moved from the current proof-of-work consensus process to proof-of-stake. Kaspar sees that development as a fundamental change for ETH.

So what does this mean for Ethereum (ETH) price predictions?

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