- Ethereum price prediction to consolidate between 4256-4329$ range
- ETH line of control still lies below 4020$ zone, looking bearish for many investors
- Sweden Calls for EU to Ban Bitcoin and Ethereum Mining
Immediately following China’s ban on Bitcoin and Ethereum cryptocurrency mining, this month the heads of Swedish financial and environmental protection authorities published an open letter to the Swedish and EU governments calling for a ban on energy-intensive cryptocurrency mining.
In the open letter (via The Register), Erik Thedéen, Director General at the Swedish Financial Supervisory Authority, and Björn Risinger, Director General at the Swedish Environmental Protection Agency argued that crypto-assets have questionable social benefits.
Also Read: Fiat vs Crypto? Russian Minister says Cryptocurrency can not replace Fiat
Lets dip dive into technical analysis of ETH
Technical Analysis of ETH: Bearish sentiment in 4hour ETH/USDT Binance pair (platform using Tradingview.com)
According to Oscillators
ETH has a neutral sentiment when examined in 4hour chart [Pair ETH/USDT Binance] and moving average gives indicator about strong sell.
Technical Analysis : Ethereum Price Forecast using 4EMAs (10,20,50,200) and RSI (Relative Strength index)
Resistance and Support Levels for Day Trading ETH USDT [ETH Price Forecast]
Calculation For Trading:
Resistance Level (R3): 4420.67
Resistance Level (R2): 4328.78
Resistance Level (R1): 4255.72
Support Level (S1): 4020.50
Support Level (S2): 3947.44
Support Level (S3): 3866.36
ETH Price Prediction: FAQs
Ethereum (ETH/USD) Price Prediction : FAQ
|What will be the lowest price of Ethereum (ETH) in future?||Upto $17,783.22 USD|
|What will be the highest price of Ethereum (ETH) in future?||Upto $20,683.36 USD|
|Will Ethereum (ETH) price increase in future?||Yes, Ethereum (ETH) price will increase according to our predicted data in future.|
|Investment in Ethereum (ETH) is profitable or loss-making?||Yes, Ethereum (ETH) is profitable investment based on our forecasting.|
|Whether the price of Ethereum (ETH) will be downward in future?||No, Ethereum (ETH) price will not be downward based on our estimated prediction.|
|In 1 year from now what will 1 Ethereum be worth?||The price of 1 Ethereum (ETH) can roughly be upto $6,717.33 USD in 1 years time a 2X nearly from the current Ethereum price.|
|Where do I buy Ethereum?||There are many places to buy and exchange Ethereum we list them all here.|
|What will the Ethereum Price be tomorrow?||Our algorithm predicts that the Ethereum Price can be upto $4,239.84 USD by tomorrow.|
|What will be the price of Ethereum (ETH) after 1 year?||Upto $6,717.33 USD|
|What will be the price of Ethereum (ETH) after 2 years?||Upto $9,602.92 USD|
|What will be the price of Ethereum (ETH) after 3 years?||Upto $12,535.54 USD|
|What will be the price of Ethereum (ETH) after 4 years?||Upto $13,957.69 USD|
|What will be the price of Ethereum (ETH) after 5 years?||Upto $15,375.56 USD|
|What will be the price of Ethereum (ETH) after 6 years?||Upto $13,208.78 USD|
|What will be the price of Ethereum (ETH) after 7 years?||Upto $20,407.12 USD|
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 $4,100.53 with a market capitalization of $486,738,270,769, putting it in a good position in the global cryptocurrency rankings.
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.