Ethereum: A Strong Comeback Expected in 2024

While early 2024 saw a sluggish start for Ethereum, the crypto asset is poised for a robust rally with market sentiment shifting towards bullishness. Factors like growing DeFi applications, rising institutional investment, and improved network activity are contributing to this positive outlook. Analysts suggest that the bearish momentum observed in the first months of 2024 is weakening. Accumulation wallets are increasing, and Ethereum’s on-chain metrics such as active addresses and transaction volume are showing signs of growth. This shift indicates renewed investor confidence and potentially a bullish cycle in the coming months.