As the second largest cryptocurrency by market capitalization, Ethereum has had a very good year so far. The price of ETH has risen by over 400% since the beginning of 2020, and it is currently trading at around $370.
This surge in price has led to a lot of speculation about whether Ethereum will hit $4000 by the end of 2020.
There are a few factors that could lead to Ethereum hitting $4000 by the end of 2020. First, the DeFi (decentralized finance) sector has been booming this year, and a lot of projects are built on Ethereum.
This increased demand for ETH could lead to a further price increase.
Second, Ethereum 2.0 is scheduled to launch in late 2020 or early 2021.
This upgrade will improve the scalability and security of the Ethereum network, which could lead to more people using ETH.
Lastly, Bitcoin’s halving event is happening in May 2020. This usually leads to a rise in the price of altcoins like Ethereum, as investors move their money into altcoins in search of higher returns.
All in all, there is a possibility that Ethereum will hit $4000 by the end of 2020. However, whether or not this happens will ultimately depend on the overall market conditions at that time.