Ethereum has performed quite well in 2024. It started the year with solid growth and ends at around $3362.94.
One of the key developments this year was the launch of BlackRock’s iShares Ethereum Trust (ETHA) and its dominance in DeFi and NFTs.
ETHA, with more than $1.3 billion in inflows and $3.2 billion under management, showed that investors now see Ethereum as a serious asset and more than just a technology platform.
Analysts now predict that ETH could reach $10,000 by 2025.
But as Ethereum builds momentum, PlutoChain ($PLUTO) could take on Bitcoin’s biggest scalability challenges with its powerful Layer-2 solution. The PlutoChain presale is making a strong impression, with more than 2 million tokens sold.
Here’s everything you need to know.
Analysts note: Could Ethereum hit $10,000 by 2025?
One of the main factors working in Ethereum’s favor is the rise of Ethereum-focused ETFs, particularly BlackRock’s iShares Ethereum Trust ( ETHA ).
Since its launch, ETHA has seen more than $1.3 billion in inflows in just ten consecutive days, bringing total assets under management to $3.2 billion.
BlackRock’s Ethereum ETF has even outperformed Bitcoin ETFs. Spot Bitcoin ETFs have attracted $52 billion in assets since approval, but Ethereum-focused funds, especially ETHA, are quickly gaining ground.
This success shows that there has been a shift in how investors view Ethereum. It’s no longer just a backbone for dApps; becomes a serious investment property.
Ethereum (ETH) is trading at approximately $3362.94.
The 24-hour trading volume is around $24.18 billion, with a market capitalization of approximately $405.32 billion. The RSI is around 44.
Key resistance levels are identified at $3550 and $3620, and support levels at $3455 and $3375.
A break above $3,550 could lead to further upside, while a break below $3,375 could indicate a potential downside.
The long forecast predicts that Ethereum could start April 2025 at $4,623 and reach a high of $5,207 and a low of $4,525, with an average of around $4,805.
They predict that ETH will end the month at approximately $4,866, indicating a potential upside of 5.3% for the month.
Coingape is a bit more conservative. They suggest that in April 2025 Ethereum price could range from a low of $2,857.70 to a high of $3,306.18.
George, a crypto analyst at X, predicts a potential bounce in the price of ETH, with a target of $4K or more if it holds above the $3.5K level.
PlutoChain’s ($PLUTO) Hybrid Layer-2 technology could improve Bitcoin’s speed and usability
PlutoChain ($PLUTO) is an innovative Layer-2 solution with the potential to transform Bitcoin’s role into something more than a store of value.
Bitcoin struggles with issues such as network congestion, slow transaction processing, and high fees during peak activity.
PlutoChain could solve these problems by building an additional layer on top of Bitcoin’s primary network, which would speed up transactions and reduce costs.
One of Bitcoin’s biggest challenges is its 10-minute transaction processing time. Competing networks such as Ethereum, Solana, and Cardano have gained an edge by offering faster speeds and improved functionality.
PlutoChain aims to reduce Bitcoin transaction time to just 2 seconds while preserving its known security.
PlutoChain aims to enable transaction speeds of 2 seconds on its Layer-2 network, while leveraging Bitcoin’s known security through anchoring.
The platform also seamlessly integrates with the Ethereum Virtual Machine (EVM), which would make it accessible to Ethereum developers. This compatibility would allow DeFi applications, NFTs and AI projects to transition to Bitcoin without any problems.
PlutoChain’s test network has already processed 43,000 daily transactions without interruption, demonstrating its potential for practical applications.
To guarantee maximum security, top security companies – SolidProof, QuillAudits and Assure DeFi – have rigorously audited PlutoChain’s code and infrastructure.
PlutoChain also encourages community involvement through its governance model. It enables and encourages users to vote on key decisions such as updates, partnerships and new features.
Final words
BlackRock’s ETHA shows that there is more confidence in Ethereum as an investment, but there are still challenges like scalability and competition from faster networks.
PlutoChain ($PLUTO) could offer something different – a way to potentially make Bitcoin as fast and useful as newer networks.
By reducing transaction times from 10 minutes to 2 seconds on its own L2 chain and adding smart contracts, PlutoChain could turn Bitcoin into a do-it-all platform.
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Remember, this article is not financial or trading advice. All cryptocurrencies are volatile, and the past is no guarantee of future results. Always do your own research and/or consult with experts before making any crypto-related decisions. Trade responsibly. Forward-looking statements are uncertain and may not be updated.
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