One of the best crypto assets is Ethereum, which is also called ETH, which is the native currency of the platform. The Blockchain world seems to be ruled by algorithms and science-backed cryptocurrencies, have become the talk of the town for decentralized finance (Defi).
Currently, Ethereum (ETH) Price is $4,356.00 with a market capitalization of $ 522,425,658,633, putting it in a good position in the global cryptocurrency rankings.
Also Read: Bitcoin Reach Near $100k This Month: S2F Creator PlanB
History of Ethereum
Vitalik Buterin came up with the idea of Ethereum in 2013. Development of the network began in 2014, with crowdfunders funding the project. It went live on 30 July 2015. Platform users can deploy permanent decentralized applications, with which they can interact, onto it, which are immutable.
ETH price prediction
Currently, there is a level of resistance at $ 4,412.83, the next resistance will be $ 4,504.75, and a strong support level will be $4,193.53 and afterward $4,066.15.
If Ethereum (ETH) Price breaks through this resistance level, the price may retest the current support levels before further descending to the next support level of $4,193.53. A break of this level may lead Ethereum to move down further to $ 4,066.15.
It’s apparent that Ethereum (ETH) Price is likely to move upwards from its current level, with bullish indicators showing. The price of ETH will likely move towards $4,504.75 in the near future.
Ethereum Recent updates
- In Q3, the value of Ethereum reached $536 billion
In the period of July to September, Ethereum’s transaction value settled at $536.5 billion. This represents an increase of 398% from the same period in 2020. The world’s largest smart contract platform’s third quarterly results reveal more impressive figures than that.
- The Ethereum Altair Upgrade goes live, bringing Beacon Chain Merger closer
Ethereum released its Altair upgrade on 27th October, stepping a step closer to the Ethereum 2 migration. Alterair introduces improvements to the Beacon chain and is considered a “warm-up” for Ethereum 2.0’s merging.