ETH Retests $2,500 – Will Ethereum Hit the $10,000 Milestone This Year?
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
With Ethereum’s price hovering around the $2,500 mark, all eyes are on whether it can maintain its momentum and continue its upward trajectory.
As the second-largest cryptocurrency stages a potential comeback, this article will dive into the latest ETH price trends and assess whether Ethereum is the best altcoin to buy in September or if a newer coin holds even greater upside potential.
In summary;
Be patient for one more month, if you want to make millions. $ETH pic.twitter.com/E0vHHTkgfL
When sizing up Ethereum’s performance in 2024, many complained about lackluster growth, especially across a challenging Q2/3 period, which has seen significant trading volume on rival blockchains like Solana and TRON.
At the heart of this growth in competitor market share has been the sustained astronomical interest in meme coin trading throughout the year (indeed, meme coins outperformed all other verticals in H1.
The picture worsens when you compare the relative performance of Solana and Ethereum meme coins, with data suggesting Solana meme coins performed 8x better.
Overall, this has resulted in slower-than-expected growth in ETH price with some questioning whether Ethereum will hit $10,000 in 2024.
As ETH price pushes to recover recent losses, Ethereum is currently trading at a market price of $2,455 (Representing a 24-hour change of -3.28%).
This comes in the aftermath of a significant decline in Ethereum price over the summer, with ETH bleeding-out -15% month-on-month.
Yet, despite the downside—which has been egged on by a wider crypto market
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