Ethereum has reached a multi-month high surpassing $3,880, currently stabilizing above $3,700 with positive technical indicators.

Analyst Juan Leon forecasts Ethereum's value could more than double by 2024, with a possibility of exceeding $8,000 to $10,000.

Catalysts such as the Dencun upgrade and the potential approval of spot ether ETFs by May are expected to drive Ethereum's price surge.

Ethereum is anticipated to see a significant breakout, potentially crossing $5,000 this year, influenced by Bitcoin's market movements.

The approval of a spot ether ETF by the SEC is seen as likely, which could result in substantial market gains for the cryptocurrency.

April is projected to be a pivotal month for cryptocurrency, with key events for both Bitcoin and Ethereum that may lead to major price actions.