Ethereum Price | (ETH) Ethereum Price Prediction
July 05, 2020
What is Ethereum (ETH)?
Ethereum coin is one of the most popular cryptocurrencies, at this moment its market capitalization is over $ 12 BLN. ETH volume in 24 hours is about $ 3 BLN and it takes second place in the top 10 cryptocurrencies in the world. Ethereum is also one of the most valuable currencies and ETH current price is about 130 USD for 1 ETH.
Ethereum Price Today
Ethereum prices are falling and at this moment the ETH current price is around 130 USD. Should to say that at the beginning of a 2018 Ethereum price in USD was about $ 1200. From these facts comes that the Ethereum coin price lost more than 90% of the maximum value for now.
Market Prediction for Ethereum (ETH) Price
The most popular Ethereum news is spinning around the ETH price. The analytics continue to talk about the falling of Ethereum price and trying to conclude Ethereum price prediction. Actually, the ETH price goes down faster, then the price of the other top tokens – this fact has surprised the experts and the question, where Ethereum price is heading is still opened. Here are some expert opinions:
#1 CoinDesk ETH Price Prediction
Price is struggling with falling resistance. If ETH price can break above, $ 114 is likely. If not, another lower low looks likely near prior support $ 98 for one ETH.
#2 Chris McClure ETH Price Prediction
Whether it’s Sharding, Plasma, or OpenST Mosaic, there are tremendous technological reasons to be bullish on Ethereum volume and to believe in a speculatively high ETH price moving in 2019.
#3 Brian Schuster ETH Price Prediction
Ark Capital LLC founder, Brian Schuster believes that Ethereum price may reach $ 100,000 in another 5 years.
Ethereum Price Prediction
The last time Ethereum price being so low was in 2017 and that time the ETH formed the support of $ 91. Looking for Ethereum news you can find the opinions that there is a risk for Ethereum price to go even lower in 2019. The last support area for the crypto was at the $ 100 position and as you can see, it can easily come down to $ 90 again.
However, during the day of December 17, the value of the cryptocurrency market increased sharply: in an hour it grew by $ 4 billion and now amounts to $109 billion in a sum. Most cryptos went up in a short period of time: the price of Bitcoin rose by 5%, XRP by 4%, Stellar by 6%, EOS by 11%.
After that there was a good Ethereum news: The average market rate of Ethereum was increased to $ 141 on Dec 24 and up to $ 158 on Jan 6. But after that, it started to fall again and at this moment Ethereum coin price is somewhere between 100-120 USD.
Ethereum Price Forecast
The forecast for Ethereum price depends on the events planned by the network developers for 2019 and announced by Vitalik Buterin in the spring of this year. After the planned hard fork, the protocol will be changed: switching from PoW (Proof-Of-Work) to the Proof-of-Stake (Casper), which will provide:
- A threefold increase in throughput.
- Increase the speed of payment transactions.
- Reduce the cost of auxiliary internal currency Gas which users pay for conducting transactions.
With the introduction of PoS, the complexity of the network will increase, which will certainly entail an increase in the ETH rate, read more in our article: Ethereum forks
Note: Ethereum Constantinople Hard Fork has been postponed due to security reasons. It will be deployed on February 27, 2019.
Ethereum Price Prediction Verdict
Ethereum blockchain is one of the most useful blockchains in the world, a lot of tokens and smart contracts are working on Ethereum based. It’s current price fell and now we need an Ethereum price prediction for 2019, but actually, it is hard to say for sure how the situation will turn. To more accurately answer the question about Ethereum price prognosis it needs to look at the latest Ethereum news.
For ETH price, it’s noteworthy that:
- Regulators are getting tougher to treat cryptocurrencies. Starting from the appearance of control at the state level and up to a total ban on any actions by cryptocurrencies in the country.
- The overall decline in the cryptocurrency market. Recently, the whole market has fallen after the Bitcoin goes down, you can read about it in our article: Why Bitcoin price dropped
- Large trading platforms impose bans on creating advertising for any cryptocurrencies or their withdrawal to ICO. For example, Google and Facebook, to protect their users from SCAM.
Such a fall in the ETH price causes serious blows to the capitalization of the project, Vitalik Buterin, the founder of the platform, lost about $ 300 million in a fall. But anyway it does not hurt so much the other altcoins that is working on Ethereum base – they are working in their own market.
Ethereum News: Ban on ICO in China
The ban on ICO in China has affected Ethereum, as well. Indeed, in this country, there was a considerable number of Ethereum coin users. In this way the Chinese authorities want to cut off all foreign projects from the country, giving more chances for the development of their own cryptocurrency project that is called NEO. Some experts suggest that the ban is temporary, so when a lot of Chinese users will return to use Ethereum – ETH price may go to up again.
Ethereum Price Falls. What To Do?
The most important thing to do in the event of a fall in the Ethereum price is not to start a panic. Go true the plan and not sell all your coins as soon as possible for the price offered by the market. All movements in the price of cryptocurrencies, including the fall in Ethereum price, start from the appearance of certain news. This means that first of all, you need to be aware of the Ethereum news to make your choice.
How To Choose Ethereum Wallet
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How To Exchange Ethereum (ETH)
Whatever you choose, whether it is buying ETH or selling ETH, you can do that in the Atomic Wallet interface. Atomic is a universal non-custodial wallet for 300+ cryptocurrency assets with built-in exchange service. Instant exchange over 60 trading pairs with the market rate.
How To Buy Ethereum (ETH)
You can buy ETH with a credit card in Atomic Wallet. It’s the fastest and legal way to buy Ethereum with VISA or Mastercard, you’ll get ETH already in 30 minutes although usually, it takes a lot of time to process the bank data and proceed the transaction.
The article has an informative purpose. The Atomic Wallet team is not trying to persuade or endorse you, neither are we making warranties for the accuracy of the content. All decisions are made at your own risk.