Ethereum price equal to $288.84 dollars a coin. Today’s value is (288.84%) higher than the previous day’s value of $144.15. Ethereum price prediction, ETH forecast.
The price of Ether, the cryptocurrency native to Ethereum, has been soaring over the past few months. The total value of all Ether in circulation reached a record high of over $28.5 billion on Thursday, up from just $7 billion at the beginning of the year. The Ethereum network itself is also doing very well, with over 25,000 decentralized apps running on the platform and an increasing amount of processing power dedicated to the network’s mining. (The network’s computing power is currently around 1 million times more powerful than the world’s top 500 supercomputers combined.)
Summary of the situation
- ETH’s price forecast shows that the crypto asset is currently undergoing a tight price consolidation.
- Depending on the indicators on the blockchain, Ethereum could return to the immediate demand boundary between $3,280 and $3,400.
- Several key indicators show that Ethereum is strengthening its fundamentals, which adds confidence to the bullish narrative.
At the time of writing this article, the price of Ethereum appears to be consolidating while continuing to fluctuate. This comes at a time when the crypto-currency pioneer is at 5. The month of May brought a new ATH. According to the analysis, Ethereum is likely to return to its lows before beginning a new bullish rally that could take it to new highs.
Price forecastETH: Price Overview
Ethereum gained about 7 percent on Wednesday, reversing losses from the previous day. Nevertheless, Ethereum currently seems to be consolidating its recent rise. This is not good news, as further consolidation could see crypto assets fall below $3,000. As a result, the bulls are currently working day and night to maintain bullish momentum, with a further pullback from Ethereum’s last resistance level at $3,500. If Ethereum fails to consolidate above the $3,500 level, the price is likely to fall. However, the Bollinger Bands in the middle of Ethereum seem to be helping the crypto asset avoid further declines during the recent rise, as seen in the 12-hour chart.
Currently, the $3,300 level could serve as immediate support for Ethereum before support appears at $3,200. If you look at the movement of the Bollinger Bands, you can see that their width is widening, indicating greater volatility in crypto assets. However, it is also clear that the range is starting to narrow, suggesting that Ethereum’s price movement may slow down soon.
ETH price movement in the last 24 hours
According to Ethereum’s 24-hour price movement, we can see that the crypto-currency quoted a new all-time high of $3,530 after a jump of about 8 percent. According to Coinmarketcap.com, Ethereum is up about 25% and its total market capitalization has now passed the $400 billion mark. While Ether is not the most valuable crypto asset on the market, it is in high demand compared to Bitcoin. At the time of writing, Ether’s market dominance has reached an all-time high of about 18%.
Currently, Ethereum seems to be taking the lead as the cryptocurrency market continues to recover from the recent collapse. Ethereum, for example, has been one of the few crypto assets to experience significant price spikes that have broken records in recent weeks.
4-hour chart ETH
On the 4-hour chart, Ethereum appears to have formed a trading range between $3,200 and $3,500. If the crypto asset continues its downward movement, it could either break through the next support zone in the $3,250 to $3,900 range, or fall further to its low.
While the current outlook may scare off some investors, the price drop could be a boon for long-term holders of the stock. These investors will have the opportunity to accumulate Ether tokens at a lower price and benefit from short-term purchases that prevent the crypto asset from falling.
In case of a drop in the price of Ethereum, investors need not worry, as the crypto asset is likely to bounce back in such a situation and regain the ATH at $3,559. If the bulls have the strength to stay, investors should expect the price of Ethereum to reach the new $3,800 milestone. This will coincide with the 161% Fibonacci retracement level.
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Frequently Asked Questions
What will ethereum be worth in 2030?
When the ethereum project was announced, it was hard to predict how successful it would become. Back then, cryptocurrencies were a very niche area with little mainstream coverage. Now the entire crypto space is booming, with projects like ethereum, bitcoin, and ripple becoming household names. But will ethereum price continue to rise in the future? Here are some clues. When we look back at where ethereum is today and where it is going in 2017, it is clear to see that ethereum is doing well and exciting things are ahead for this cryptocurrency. ethereum has had a few hiccups in the road, but it has overcome each one. For example, on June 15, 2017, a critical vulnerability in ethereum was discovered, and the system froze for about an hour in a major security event. However, the ethereum team was able to resolve the issue without any major problems.
Can ethereum reach $10000?
Ethereum’s price has risen more than 5,000 percent in the last year, but the cryptocurrency is about to get a lot more attention. (Insert: https://www.bloomberg.com/news/articles/2017-09-13/ethereum-the-world-s-second-biggest-cryptocurrency-is-on-fire ) Bitcoin has been in the public consciousness as a way to make anonymous, online transactions since it was created in 2008. But lately, the digital currency has become even more well-known thanks to its astronomical rise in value. In 2017, one Bitcoin was worth around $1,000. In the first half of 2018, the cryptocurrency topped $5,000, and at the time of writing it’s worth about $7,500 .
Will ethereum go up in 2021?
After the recent news of the Ethereum hardfork, I had a look at how the Ethereum price has progressed so far and it seems that the cryptocurrency is on a downtrend since its all-time high. At the time of writing this, the price of Ethereum is at $224.78. A little over a year ago, the price reached $1,398.04 and after which, it dropped below $300.00 mark for the first time. Recently, the price bounced back from a low of $169.31 to $218.72. However, at the moment, it is trading at $224.78 and it seems to be on the rise. So yes, Ethereum will go up in 2021. We will look at the most important facts and figures, we will make an Ethereum price prediction. The price of Ethereum (ETH) has been quite volatile over the past six months. After reaching an all time high of over $1,400 in January 2018, the price dropped dramatically to $700 in February, mostly due to a string of ICO hacks. The price then recovered to around $800 before the G20 summit in April, where it fell again to the current level of $480. After the summit, we can expect a short term rally, but overall, we predict a slow and steady decline in the Ethereum price from now until early 2021. With a solid understanding of the elements of a blog post, you can now generate an
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