Ethereum’s Path to $4000: 2 Explosive ETH Catalysts You Can’t Ignore
Ethereum isn’t just flirting with $4,000—it’s gearing up for a full-blown rally. Here’s what’s fueling the fire.
Catalyst 1: The Merge 2.0
Proof-of-stake was just the warm-up. The next upgrade slashes gas fees by 90%—traders are already front-running the pumps.
Catalyst 2: Institutional FOMO
BlackRock’s ETH ETF filing hit the SEC’s desk last week. Wall Street’s late as usual, but their money’s early.
Bonus jab: Meanwhile, Bitcoin maxis are still calculating their ‘fair value’ spreadsheets. Good luck with that.
Ethereum Price Prediction: What’s New For The Token?
Ethereum is currently sitting at $3169, up 6% in the last 24 hours. The token has been driven by positive market sentiment and narrative, which has now helped ethereum surge to hit $3K at present. Per Javon Marks, Ethereum is currently outrunning Bitcoin at the moment and is showing signs of positive resurgence in the future.
Ethereum starting to outrun Bitcoin.
What a time!
In addition to this, Javon Marks has shared how Ethereum is gunning for major price targets in the future, possibly exploring price targets beyond $4000. Per Marks, ETH may first explore $4811, with the token later peaking at $8500 in the future.
$ETH numbers say $4,000+ and ~$4,811.
After $4,811, prep for $8,500+.
This is merely ‘nothing’…
Two Major Catalysts for This Change
With Ethereum LAYER 2s exploding with activity at the moment, this major catalyst may end up spiking ETH to new highs. Major ETH Layer 2 chains, including Base, Arbitrum, and Optimism, have been noticing increased activity and momentum, which again may usher in major price waves for the token.
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L2s are now dominating usage within the Ethereum Network.
With the network scaling via L2 adoption and technical upgrades, user cost/tx dropped 49% in Q2 to $.014/tx on average (L2s combined).
This resulted in a 13% increase in combined L2 transactions in the quarter (7.5x… pic.twitter.com/dYyZ7l0cRO
In addition to this, with the ETH’s EIP 1559 update, the token has become deflationary, rapidly promoting the asset’s rarity factor. This deflationary point is also a major factor contributing to Ethereum’s price spike and upgrade.