Being the first blockchain-based platform for the development of smart contract-based applications, Ethereum is home to the largest set of dApps including decentralized exchanges (DEX), lending platforms and more. Altogether, a prominent crypto analyst, Rekt Capital gives the insights that there is likely to be an upsurge for Ethereum for the year 2024. The analyst calls attention to this potential spike by providing a graph illustrating how Ethereum tested the $2,274 level and followed with an upward surge toward $ 2,791. Currently, Ethereum trades at $2,660, with a strong support area around the range of $2,150 and can forecast an optimistic future if that level is sustained.