|Total Supply||111,846,126 ETH|
|Based on||Smart Contract and Dapp Platform|
|All-time high||$1,432.88 USD|
|Exchange Platform||Binance, Coinbase Pro, OKEx, HitBTC, Bitrue, Digifinex, Bibox, CoinBene, BKEX, Coineal, Kraken, HBTC, BigONE, Lbank, TOKOK, Gate.io, Bitmax, ZBG, Huobi Global, LATOKEN, Bitfinex, Bithumb, BitBUB, ZB.com, CoinTiger.|
|Wallet||MyEtherWallet, Ledger, Metamask.|
Ethereum (ETH) Price Prediction: Ethereum is 2nd highest market cap holder cryptocurrency in the world i.e. based on a community-driven and open-source blockchain platform. The project was official unveiled in 2013 by publishing whitepaper and later it was officially launched by Vitalik Buterin. Basically, Ethereum is the future of smart contracts and Decentralized applications. initially, Ethereum intent was simple they wanted to provide built-in fully-fledged that help to convert programming language into contract. The Ethereum system is not controlled by any single governance entity.
The main purpose of Ethereum is to provide a platform that enables the creation of new blockchain projects using existing contracts and a few lines of code. However, Ethereum also provides security, scalability, fraud-less, decentralized network with zero downtime. Ethereum has better feature than Bitcoin, as they have their own browser, coding language, and payment protocol.
Recently, Ethereum announces mainnet upgradation, where Proof of Work replaced by Proof of Stake consensus mechanism that will introduce staking on Ethereum platform. This upgrade was pending for the last two years because it creating problems like Scalability, Security, and high power consumption. However, the processor of turning Ethereum 1.0 into Ethereum 2.0 can take 2021 or 2022, as it slowly started adopting proof of stake, then sharding, and finally on to the beacon chain.
Ethereum (ETH) Price Prediction
|Month & Year||ETH Price Prediction|
Ethereum (ETH) Price Analysis
Ethereum was launched by Vitalik Buterin on July 30, 2015. Ethereum looks solid from the beginning of its inception. Ethereum price successfully tested the principle support level around $1,700, dictated by the May 2021 low of $1,728, the June 22 low of $1,700, the June 26 low of $1,717, and the 61.8% Fibonacci retracement level of the ETH rally beginning in March 2020 at $1,730. Interestingly, the average of the four levels is $1,719 and yesterday’s low was $1,720.
Now ETH gain of almost 12% is a compelling response to the successful test. If it holds, it positions Ethereum price to test the notable resistance spread between the psychologically important $2,000 and the intersection of the 2020 ascending trend line with the 200-day SMA at $2,083. It would represent a total gain of 18% from yesterday’s close and further release the heightened anxiety in the market. A decisive close above the 200-day SMA frees Ethereum price to target the 50-day SMA at $2,213.
If Ethereum price cannot sustain today’s bullish impulse and turns lower again, it needs to hold the $1,700 level on a daily close. A failure will project a quick decline to the formidable support created by the convergence of the 50-week SMA at $1,413 with the 2018 high of $1,419. Any ETH weakness beyond those levels may induce a sell-off to the 200-week SMA at $590.