Currently, Ethereum (ETH) Price is $4,731.52 with a market capitalization of $558,001,367,600 putting it in a good position in the global cryptocurrency rankings.
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).
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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.
Ethereum (ETH) price analysis
Currently, there is a level of resistance at $4891.75, the next resistance will be $5005.41, and a strong support level will be $4,607.21 and afterward $4493.55.
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 $4,607.21. A break of this level may lead Ethereum to move down further to $4,493.55.
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 $5,005.41 in the near future.
Ethereum Recent updates
- Ethereum-based currency’ will replace Bitcoin, says Ken Griffin
Citadel’s CEO Kenneth Griffin predicts a cryptocurrency based on the Ethereum (ETH) network will replace Bitcoin (BTC) as cryptocurrency’s top dog. Citadel manages $40 billion of capital, or a quarter of American stock market trading volume.
· For Banksy’s auction, Sotheby’s will accept ETH bids in real time
The renowned auction house claims it will be the first to accept crypto for a real-time auction of physical art – but others are not far behind. As part of its Nov. 18 auction, prestigious auction house Sotheby’s will accept real-time Ethereum (ETH) bids. The auction includes works by renowned street artist Banksy.