Vitalik Buterin, the co-founder of Ethereum, recently made a significant transfer of 3,300 USD Coin (USDC), a stablecoin pegged to the U.S. dollar. The funds were moved to a new address, indicating a reshuffling of assets. The Ethereum market has seen a 5.71% dip in the last 24 hours, with the price at $2,246.
Amid the market slump, some analysts believe Ethereum still shows momentum but has a gap to traverse to reach Bitcoin’s level. Predictions suggest Ethereum might consolidate before moving toward $3,000–$3,500 in Q1 2024.
Expectations for Ethereum in 2024
The Ethereum network anticipates an exciting year in 2024, starting with the Dencun hard fork. The Ethereum roadmap for 2024 focuses on six essential components: Merge, Surge, Scourge, Verge, Purge, and Splurge. Vitalik Buterin aims to revive the original vision of the “cypherpunk” revolution for the Ethereum blockchain in the coming year.