Amid a bullish momentum in the cryptocurrency sector, which has pushed its representative asset, Bitcoin (BTC), over the $50,000 price threshold, things have been going great for the largest altcoin by market capitalization – Ethereum (ETH) – and investors are wondering if five figures could be in store this year.
As it happens, the recent market optimism has pushed Ethereum closer to the psychologically important price level of $3,000, and breaking through this barrier could give it enough strength to continue further, possibly making a new all-time high (ATH) and perhaps even ending up in the $10,000 range.
Bullish factors for Ethereum
That said, such a significant price increase would not be possible without other important factors falling into place, including the upcoming launch of Proto-Danksharding, as observed by Simon Dedic, the CEO of blockchain advisory and investment firm Moonrock Capital, on February 20.
Specifically, proto-danksharding, a.k.a proposal EIP
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