The question of whether it can hit $5,000 by year-end feels ambitious but within the realm of possibility, according to Forbes analysts.
Cryptocurrency price predictions are often subjective and can vary widely depending on the source and methodology used. It's important to note that past performance is not necessarily indicative of future results, and prices can fluctuate rapidly in both directions.
With that in mind, some Forbes analysts have suggested that ETH could hit $5,000 by year-end, although this would require a sustained surge in on-chain activity and strong buying pressure.
Alternatively, other analysts have projected a more conservative price range of $3,500 to $4,000 by the end of 2024.
Ultimately, the best approach is to conduct your own research, consider multiple perspectives, and make informed decisions based on your own analysis and risk tolerance.
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