The Best Crypto Exchanges to invest in Ethereum (ETH) tokens

The Best Exchanges to trade Ethereum (ETH)

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Ethereum is the second largest cryptocurrency after Bitcoin with a capital of $20 billion and a daily trading volume of $12 billion. It would not be wrong to say that Ethereum is as well known in the world as Bitcoin is. Some people use their smart contracts and technologies to improve their business, while others use them for everyday transactions.

There is also a particular group of people who trade this cryptocurrency. For them, the Ethereum price prediction is the most interesting piece of information. That is why we are going to check your history and your future opportunities.

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What is Ethereum (ETH)?

Ethereum is both a cryptocurrency and a decentralized environment that is transforming the IT industry. It was created by Vitalik Buterin and his team with one purpose: to give the world something that will be better than Bitcoin .

The main feature of ETH is smart contracts. These have changed the world of business because they allow to get rid of intermediaries and provide comprehensive control of the fulfillment of obligations. The Ethereum platform allows new altcoins and tokens to be launched on its blockchain. In addition, it provides the possibility of creating decentralized applications, which have become more popular today.

Lastly, it is one of the most popular cryptocurrencies among traders. It is listed on 95% of exchanges and has huge volumes every day. In short, ETH can be considered the main competitor of BTC.

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Ethereum (ETH) Price Analysis

Ethereum was not exciting for a long time. It was just considered as “another cryptocurrency on the market”. However, for many reasons, its price was destined to go up, and it did.

Why it happened? Ethereum transactions are significantly faster than Bitcoin. Therefore many people migrated to this cryptocurrency. The Ethereum blockchain also provides an environment for creating decentralized applications (or dApps). so it became very intriguing for the developers.

The increased interest in this cryptocurrency meant that someone had to find new blocks and verify transactions. Therefore, many miners moved their hashrate from BTC to ETH. Thus they found many new blocks, which created mining difficulties and caused an increase in costs.

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ETH price history

The first ETH tokens were created in 2014, but were not listed on any exchange. However, during its implementation, the company earned an income of 18 million dollars. The first launch of the Ethereum blockchain was in 2015. With its launch, ETH was added to some exchanges, but the price was below $1.

At the beginning of 2016, he had his first growth. It was trading at $6 in mid-February and even went as high as $15 in mid-March. The system was then hacked and the company lost a third of all its capital. That is why it was trading at $7.5 at the end of April 2016.

After this, the Ethereum team managed to return the stolen money and updated their security systems. These measures had a positive effect on the price of ETH, which rose to $19 on June 16, 2016. However, the next day it fell to $12. We can conclude that this increase to $19 was just a “boom”.

After that, ETH was stable between $10 and $12. A diversification of the currency was created in October 2016, Ethereum Classic emerged. However, this situation did not affect its price.

The first serious changes were made in 2017. First, in February, ETH was added to ETORO, which led to a $450 million increase in trading volume. In May, the value of ETH was $95. Within a month, it was trading at $400.

During what was once considered the biggest boom in crypto history, the price of ETH rose to $1,352 per coin before crashing to $300. For more than two years, the price never managed to recapture previous highs, and trended lower until the end of 2020. It is no news that 2021 was the “holy grail” of the crypto market, but it seems that Ethereum took it to other level. Like BTC, it not only surpassed its all-time high, but set new highs, outperforming the previous year by more than 200%. To put Ethereum’s success in better context, even now when the market has dropped sharply, Ethereum is still way ahead. The highest price of all time is $4,891, while its price as of March 16 has been $2,675.34. Less than 50% below the all-time high. Other major coins like Litecoin, Bitcoin and others have not been able to do the same.

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ETH technical analysis

When the bull run began on March 3, 2020, only a few imagined that Ethereum would reach the price it did, and in such a short time. After years of a continuous downtrend, Ethereum finally found support around $110. It then rose steadily but slowly for about four months, before managing to push up to $480. Traders took profits and the world was set to endure, perhaps, another long stretch of consolidation that characteristically follows cryptocurrency price swings. “Unfortunately”, the price of Ethereum consolidated from September to the first days of November, after which it shot up again.

On Jan 19, 2021, Ethereum reached its all-time high of $1,422, forming resistance. After a few weeks of testing and testing that resistance, the price finally broke out. At this point, everyone really interested in cryptocurrencies was paying close attention to the market, and hopes were running high. Ethereum never disappointed, exploiting resistance after resistance, creating an extremely bullish market structure and finding higher prices to get ahead of.

But all good things must come to an end, and on November 16, 2021, Ethereum reached $4,891.70, the highest price in its history. ETH has traded steadily lower ever since, and any attempt to rally has been met with strong bearish pressure.

Ethereum price is currently at $2,675.34 (03/16/2022) but analysts fear a downtrend is forming as prices failed to recapture immediate highs but are easily forming lower lows. This is even more concerning when you realize that this market structure is forming over a period as long as one period per day.

For any real optimism for the bulls, ETH price needs to break out of its current plateau to recapture the high of $3,421. Maybe it will even flip the resistance at $3,016 as a price correction.

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Ethereum price prediction in 2018

The beginning of 2018 saw a significant increase in all cryptocurrencies, prompting many Ethereum price predictions. Some said that cryptocurrencies were very close to replacing fiat, others considered the rise to be just a pump.

However, experienced traders knew that price prediction starts with learning history and different factors. In making the forecasts, the analysts used the following information:

• ETH is essential for smart contracts.
• ETH has no problem with the number of transactions processed.
• Many countries do not recognize ETH, so its regulation is not as good as BTC.
• More and more banks are looking at ETH.
• ETH is the second most popular crypto on exchanges.

In addition, it was necessary to include the possible risks:

1. Despite the rapid growth, Ethereum was still the subject of speculative activity.
2. The possibility of a hack.
3. The growing number of users can cause different technological problems.

Most of the issues could be resolved, which is why many experts predicted that Ethereum would rise until the end of 2018. The most positive forecast placed ETH around $2,500; the most bearish saw ETH fall by $1,500.

As we know today, they were all wrong. At the end of 2018, the price of Ethereum was around $137. Also, in December 2018, it showed the worst value of the entire year with -86 dollars.

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Ethereum price prediction in 2019

At the beginning of 2019, the price of ETH was $106. However, it saw a rapid rise, and by March it was trading at $140. However, this was not the best scenario, especially considering that this asset cost almost $1,400 at the beginning of January 2018.

Although the first predictions were negative, the experts analyzed several factors:

• A deep and prolonged correction was to end.
• The price of ETH depends on BTC, which tends to go up.
• Mining costs were on the rise.
• The next “Constantinople” update would improve the system.
• The operation of smart contracts was improving.
• Buterin said that it would achieve a network bandwidth of 100,000 transactions per second.

Most factors showed that Ethereum would tend to rise in the future, with the market expecting it to close at $500 or higher by the end of 2019. However, there were some negative factors:

• Ethereum had less capitalization than Ripple.
• Many projects were evolving and getting closer to ETH (for example, Tron, Dash, BCH, etc.).
• Mining became more difficult, so miners shifted their priorities to other cryptocurrencies.

All these points showed that Ethereum could be very unstable. The worst prediction for the value of ETH was that this coin could drop to $70 and people would lose interest. However, such a scenario was almost impossible because ETH smart contracts provided so many opportunities for everyone.

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Ethereum price prediction in 2020

Ethereum opened around $131 and trended higher for most of January. In February, it reached a high of $290 before pulling back to form the yearly low in March at $90. After creating that low, ETH traded consistently high, and by the end of the year, its value had risen as high as $750.

Ethereum price prediction in 2021

There weren’t many predictions that ETH would grow as much as it did. The growth storm that hit the crypto market also weighed on Ethereum as the coin was among the top performing assets throughout the year. It set a new all-time high of $4,891, after growing more than 550% in less than a year.

Ethereum (ETH) price prediction for 2022, 2023, 2025, 2030

The cryptocurrency market is very volatile, so it is not easy to provide accurate forecasts for many years. However, many analysts have some ideas about popular cryptocurrencies like Ethereum. So, here are some Ethereum price predictions from the experts.

Trading Beasts Ethereum Price Prediction for 2022, 2023, 2025, 2030

Trading Beasts forecasts are pretty neutral. They don’t expect the price to go up consistently, although ‘it would seem that the price is not expected to trade too much lower either. All in all, TradingBeast predicts a relatively stable year for the price of Ethereum. But things start to change in 2024, where they predict that ETH will rise close to its all-time high later that year, and in 2025, the coin will stabilize above $5,000.

WalletInvestor’s Ethereum Price Prediction for 2022, 2023, 2025, 2030

WalletInvestor’s technical analysis predicts that Ethereum is a great asset for short- and long-term investments. His prediction suggests that ETH will rise to $4,966 in a year. This translates to approximately a 77% ROI for those who join now. It’s not bad at all. The gains keep coming as they also predict the value of Ethereum by 2027 to be almost five times its current value of $14,505.

LongForecast Ethereum Price Prediction for 2022, 2023, 2025, 2030

Long Forecast’s ETH predictions are also quite positive. They even predict that the ETH price will create a new all-time high roughly a year from now. It becomes even more bullish as they believe they predict that the price of Ethereum will probably reach prices like $7,000 – $8,000 before the end of 2023. This is great news for investors around the world. While some may think that this Ethereum price prediction may be overly optimistic, it is important to note that Ethereum has been gaining momentum much faster than most cryptocurrencies, including Bitcoin.

DigitalCoinPrice Ethereum Price Prediction for 2022, 2023, 2025, 2030

DigitalCoinPrice provides the positive Ethereum price prediction for the next 10 years. They believe that the coin may close 2022 at over $3,900 and that its peak value in 2026 could be $5,559. However, DCP considers that there will be a small drop between 2025 and 2027.

General Ethereum (ETH) Future Price Predictions

Just as Bitcoin is the first cryptocurrency in history, Ethereum is the first project that created smart contracts. That is why this cryptocurrency will probably not crash in the future. Their positions are very strong today and many people in the crypto community still believe in ETH.

Today, this system has many problems, so the value of Ethereum will be volatile in the short term. Everything will then depend on the ETH team. If they solve the main problems, ETH will take hold. Otherwise, the value of the cryptocurrency will plunge into double digits.

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How high can Ethereum fly?

The cryptocurrency community knows that the Ethereum team is very talented, so they predict the best results. On forums, most people say that ETH will be the number one platform for smart contracts.

However, some experts think that Ethereum smart contracts are losing their footing. Developers are out of ideas to improve the system without rejecting the fundamental principles of the ETH blockchain, and projects like Solana are hot on the heels of Ethereum. With time and continued support for other promising projects, Ethereum may eventually become irrelevant.

However, its price does not depend only on the development team. There are many other factors such as news, Bitcoin trends, altcoin activity, and more. Ethereum is a very interdependent project, so there are going to be a lot of hurdles.

How far can you go? It has every chance of breaking above the $14,000 level as predicted by WalletInvestor. While the market is not completely bullish, the asset is still well supported. If this situation stabilizes, we could see $4,000 and more.

In subsequent years, ETH can top out at $6,000. While the market is not completely bullish, the asset is still well supported. However, as we know, the bigger the pump, the bigger the correction. Therefore, we must be realistic and predict that ETH will not reach a stable level of $10,000 until at least 2025.

Ethereum faced many problems, from technical to fundamental, such as political news or community sentiment. That is why it is very difficult for this cryptocurrency to break out of each resistance level.

However, two things are obvious: ETH will not crash or lose its #2 ranking on CoinMarketCap for quite some time, if ever. Therefore, its price will not drop much in the near future. What do you think?

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