ETH rate will rise to $4,000 by May 2024

Well-known analyst and cryptocurrency blogger Lark Davis expressed the opinion that the rate of the digital coin Ethereum (ETH) could rise to $4,000 by May 2024

Prominent analyst and cryptocurrency blogger Lark Davis predicts that the digital currency Ethereum (ETH) will reach $4,000 by May 2024. This opinion coincides with the statements of experts from Standard Chartered Bank, who are also awaiting approval by the US Securities and Exchange Service (SEC) of the first spot ETF on Ethereum in May of this year.

The market researcher notes several factors driving Ethereum prices higher. Many coins are stuck in staking contracts, making them difficult to sell and creating buyer demand amid increasing interest.

The transition to a PoS mechanism, ETH deflation, the reduction of fees at level 2 and the upcoming DenCun update play a key role in the potential growth of the rate. Airdrops and the EIP 4844 update may also spark increased interest in Ethereum.

Lark Davis, a well-known blogger and cryptocurrency investor, provided his analytical findings on his YouTube channel TheCryptoLark. His popularity in the cryptocurrency community is driven by project reviews, news information, and digital asset advice.

Davis supports the ideas of decentralization and blockchain, actively advocating the use of technology in various areas to improve and increase financial freedom. He also actively provides educational materials to help those new to the world of cryptocurrencies make informed decisions.

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