Ethereum price forecast: Ether has in the last 20 days surged by almost 40% from $2,416 to $3,344, outperforming Bitcoin’s 35% increase over the same period to $59,354 on Wednesday, February 28.
Although market participants anticipated a rally ahead of the Bitcoin halving due in April, it seems to have come early. Unlike other bull markets, cryptos are trading in the era of ETFs.
Other than the retracement in January caused by a sell-the-news action, the outlook of the market has been bullish, especially for Ethereum. Following the approval of Bitcoin ETFs, optimism for ETH ETFs has been growing.
Ethereum Price Forecast: Why Is ETH Rally Unstoppable?
Ethereum price action this week can be attributed to various factors including the Dencun upgrade — expected to launch on March 13 on the mainnnet, the spot ETF, and a strong bullish case exhibited by Bitcoin.
The Dencun upgrade will be a game changer for the Ethereum ecosystem starting with a larger block size from 12.5 MB to 2
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