Currently, Ethereum (ETH) Price is $4,729.46 with a market capitalization of $559.22B 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).
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 $4726.29, the next resistance will be $5235.98, and a strong support level will be $4436.50 and afterward $4,337.48.
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 $4436.50. A break of this level may lead Ethereum to move down further to $4,337.48.
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 $4726.29 in the near future.
Ethereum Recent updates
1. Prices of ether reach a record high of $4,600 in latest rally
As Ethereum prices continue to climb, they have crossed over $4,600 for the first time. According to CoinDesk, the world’s second-largest digital currency reached $4,642.48 tonight.
· The ETH cryptocurrency beats BTC, SOL, and BNB polls on Twitter
With every passing day, crypto continues to vault towards the moon. Performance of the market triggers altcoins to rise in value and position on the market. There are a number of crypto assets that are on fire and that have attracted investors from around the world, including BTC, ETH, BNB, and SOL.