⁠Ethereum Price Prediction: Will ETH Break $20,000 With Future Upgrades?

Ethereum (ETH) remains a leader in the altcoin market, with some predictions suggesting it could reach $20,000 as the market recovers—a topic we explore further in the article.

Meanwhile, PlutoChain, a Bitcoin Layer-2 solution, is gaining attention for bringing AI and smart contracts to Bitcoin. Its testnet processes 43,200 daily transactions, showcasing its potential to address Bitcoin’s scalability challenges. Nearly 6 million tokens have been sold in the ongoing PlutoChain presale.

Here’s a closer look at what’s fueling both Ethereum and PlutoChain.

Ethereum Price Prediction: Can Ethereum Soar Past $20,000 as Upgrades Bring New Functionalities?

Ethereum Price Source: Brave New Coin Ethereum Liquid Index

Ethereum (ETH) is trading at $3,128.20, down 1.9% in the past 24 hours, with support at $3,050 and resistance at $3,525. The RSI at 34 suggests ETH is nearing oversold territory.

Recent upgrades, including the March 2024 “Dencun” update with EIP-4844, reduced gas fees for Layer-2 transactions, improving scalability and affordability for decentralized applications. Liquid restaking surged, with TVL reaching $17.26 billion by December 2024, up from $284 million earlier in the year. While PoS has bolstered decentralization, concerns remain about the influence of liquid staking services.

Kevin Suh points out that Ethereum has been forming an inverse head and shoulders pattern since March 2024. If ETH breaks the neckline, he predicts a price target of $5,500, aligning with the 618 Fibonacci level.

Wolf shares his strategy for Ethereum, staying bullish until May with a target of $10,000 before taking profits. He sees the bigger opportunity in ETH reaching $20,000 by the end of 2025.

PlutoChain ($PLUTO) Might be The Revolutionary Layer-2 Solution That Could Transform Bitcoin with Speed, Security, and Smart Contract Power

Bitcoin’s status as the original cryptocurrency is unmatched, but its limitations are hard to ignore. Network congestion, slow transactions, and high fees often frustrate users, especially during peak times. These issues stem from Bitcoin’s design, which handles only a handful of transactions per second.

PlutoChain ($PLUTO) may step in as a hybrid Layer-2 solution that could tackle these problems.

It has the potential to handle scalability, reduce fees, and relieve congestion, which could make Bitcoin faster and more efficient. With PlutoChain, Bitcoin could evolve beyond its role as a digital store of value.

One major issue with Bitcoin is its 10-minute block time, which slows transaction processing. PlutoChain could address this with block times of just 2 seconds, which puts it on par with blockchains like Ethereum and Solana.

It could also bring smart contracts to Bitcoin and unlock possibilities for DeFi, NFTs, and AI-driven applications. Its built-in Ethereum Virtual Machine (EVM) compatibility could simplify migration for Ethereum-based projects.

During its testnet phase, PlutoChain processed 43,200 transactions daily without delays, which showcases its scalability.

Security is another priority. Rigorous audits by SolidProof, QuillAudits, and Assure DeFi guarantee PlutoChain’s reliability. The platform also complies with global regulations.

What sets PlutoChain apart is its community-driven governance. Users can propose and vote on decisions, from adding features to forming partnerships.

The Bottom Line

Ethereum remains the strongest altcoin in the market, driven by its upgrades and strong ecosystem.

However, its ongoing issues with scalability and gas fees could make PlutoChain ($PLUTO) a more useful project that might be worth monitoring.

With 2-second block times, EVM compatibility, and the ability to process over 43,200 daily transactions, PlutoChain could address the limitations of traditional blockchains.

Its focus on speed, security, and community-driven governance might offer a fresh perspective in the blockchain industry.

This article is not financial advice. Cryptocurrencies and meme coins are volatile and risky. Do your own research before buying any cryptocurrencies and meme coins. All forward-looking statements include uncertainties and may not be revisited.

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