Why Isn’t ETH at $7,500 Yet?

2Xnc...qA57
16 Apr 2022
127

Technical analysis alone is used to make this Ethereum (ETH) 2022 price projection.

In the next section, you will find the confluences that influenced our ETH price forecast and analysis.

One of the most amazing cryptocurrencies in 2021, Ethereum has returned more than 100 percent to its investors since its launch in 2013.

Since November 16th, 2021 is the day that Ethereum’s current all-time high price of $4891.70 was achieved, it is clear that Ethereum is the currency of the year for 2017.

The London Hard Fork update to Ethereum has now gone live.

The Hard Fork occurred at a block height of 12,965,000, which is notable.

As a result of the hard split, five additional ETH Improvement Proposals have been released (EIPs).

There are several code modifications aimed at enhancing the user experience of ETH’s network, such as EIPs 1559, 3554, 3198, 3541.

In 2022, will Ethereum be a good investment? Are we going to see anything similar to what happened with ICOs following the 2017 bull run?

Also, See: 5 Cryptos that Could Be the Next Big Thing


ETH stands for what?

Decentralized open-source blockchain technology Ethereum allows its currency, Ether.

Many other cryptocurrencies and smart contracts can also be executed on the Ethereum platform.
In addition, Vitalik Buterin wrote a whitepaper on Ethereum in 2013.

As part of a crowd sale in the summer of 2014, Buterin and his other co-founders acquired funds for the project and released the blockchain on July 30, 2015.

At the ICO, it was available for purchase for $0.311.

To make matters even more complicated for the Ethereum project, its stated objective is to become a worldwide platform for decentralized apps, allowing users from all over the globe to create and operate software that is immune to censorship or outage, as well as fraud.

ETH is now trading at $2,501.35 with a trading volume of $31,469,392,702 in the last 24 hours. In contrast, the value of ETH has fallen by 10.22 percent in the previous 24 hours.

Furthermore, there are now 119,264,647.37 ETH in circulation. ETH can now be purchased on Binance, FTX, Bitfinex, Huobi Global, BitZ, Bybit, and OKEx, among others.

Let’s go on to the next section of this ETH technical analysis for the year 2022 now.

Also, See: What is it about Web 3.0 that has everyone so excited?


2022 Price Predictions for Ethereum (ETH)

Is the latest development and adjustments in the ETH’s blockchain going to boost the cryptocurrency’s price?

On CoinMarketCap, ETH is now ranked 2nd. ETH’s price hit an all-time high of $4,891.70 on Thursday.
Considering that the price of ETH has fallen by more than 80% since then, will this market performance be sufficient for ETH to retain its positive position in 2022?

Are you eager to find out the findings already? Let’s get this party started! To understand this ETH price forecast for 2022, let’s begin.

In 2022, if the negative trend reverses, Ethereum will reach $7,500.
In addition, the first half of 2022 is expected to exhibit a significant increase in growth, up to $7,000 per year.

Once this rise slows, no significant drops are foreseen. Reaching $7,500 is an overly ambitious pricing target, but it is doable shortly thanks to new collaborations and advances.

Also, See: 5 Steps to Take Before Investing in Cryptocurrency for the First Time in 2022


2023 Price Predictions for Ethereum

Ether’s price might rise to $10,000 in 2023 if more projects are launched on the Ethereum platform, resulting in increased demand.

Cryptocurrency price forecast for Ethereum (ETH)

ETH investors should anticipate various collaborations and integrations around 2024, based on platform improvements, advancements, price predictions, and new project projections.

ETH’s value might soar to roughly $12,500 as a result of this, making it an excellent investment opportunity.

Also, See: A Must-Read Review: Is Victory Crypto Legit or a Scam


Ethereum (ETH) Price Prediction 2025 and beyond

The price of ETH might soar to $20,000 in the next four years.

ETH, on the other hand, may not have a hard time hitting this level since there are several medium, short-term, and long-term price objectives from which to buy or sell orders.

This suggests that, based on the forecast, ETH will likely achieve a new ATH within the next five years.

In 2026, the price of Ethereum (ETH) is expected to reach.

Although the price of ETH is expected to reach at least $30,000 by the end of 2026, there is a strong belief that it will go much higher.

Also, See: 5 Must-Know Crypto Mechanisms


To put it succinctly

In 2022, Ethereum has a good outlook.

We may see ETH hit new heights as a result of continuing changes in the ETH ecosystem and the larger crypto market.

In addition to this, the optimistic Ethereum (ETH) price forecast for 2022 is $4877 13.3. If investors conclude that ETH is a solid investment in 2022, it might potentially achieve a new all-time high, as stated above.

Furthermore, it has the potential to rise to $7,500 by the end of the year.

Financial Disclaimer

The Content in this article is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Nothing contained herein constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments.

Investing in Cryptos constitutes a considerable amount of risk, Do your own research before investing in Cryptocurrencies.



Write & Read to Earn with BULB

Learn More

Enjoy this blog? Subscribe to Qwavivi007

5 Comments

B
DudeManETH
Eth has a little work to do for 2.0 and fix a major contract issue, once that is complete the sky is the limit.
Johnson Chau
Very optimistic about Eth 2.0!
ETH for the win!
Most relevant comments are displayed, so some may have been filtered out.