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What is Ethereum?
Ethereum is a platform built by Russian developer Vitalik Buterin in 2015. That is specially designed for people to build decentralized apps, smart contracts, NFTs, and a blockchain ecosystem.
Ether Browser will include the ability in a peer-to-peer network to send messages and a generalized blockchain with a built-in programing language allowing people to use the blockchain for any decentralized application they want to create.
Online cryptographically secure systems for managing your property and contracts, social networking and messaging systems that allow users to maintain control of their data, systems for trading underutilized computational resources like CPU time and hard drive space, financial apps (Defi), and eventually tools for online voting and distributed governance.
Ethereum has its currency called ETH, which is the world’s 2nd largest cryptocurrency after Bitcoin and is listed on almost every crypto exchange like Binance, Coinbase, Crypto.com, Gemini, and BitMart.
Before jumping to the Ethereum price prediction and analysis, you should take a look at the fundamentals.
Ethereum Price History
Ethereum Price Prediction 2022
- Trend: Sideways
- 1st Support: $1250
- 2nd Support: $990
- Resistance: $1780
- Relative Strength : 45
Ethereum (ETH) fell more than 70% from its all-time high. ETH is currently trading at $3,376.2. However, the market is in a support zone, and we can see more sideways moments for the next few days.
The daily chart shows that $1230–$1250 is the price level where ETH consistently takes support. If the price breaks this level, we might see a big price drop of up to 20%.
But before knowing when to trade, you should know when not to trade.
From $1240 to $1360 is no trading zone, meaning there are no perfect singles to trade. So in that zone, we have less accuracy about where the ETH price can go.
Therefore, we must avoid this trading zone and wait for the right level. If Ethereum's price is sustained above $1350, it will be a good trade for up to the next resistance level, which is $1440.
To make a better analysis, consider the daily candle chart, the pattern of candles, and several indicators such as moving averages, relative strength (not relative strength index), and the volume-weighted average price.
Ethereum Price Prediction 2025
In the long run, we consider the weekly chart and note that the ETH price has strongly supported at $1000 to $980. If the price does not sustain that level, we can see a major downfall in the ETH price, and the next support may be near $450. It also has an upside potential; after the $1450 resistance, we may see the $1750 and $2400 again.
Right now the ETH Cryptocurrency trade at $3,376.2
Ethereum is the second-largest cryptocurrency and the most effective platform for blockchain. That makes it an attractive trading platform for investors and traders to generate good ROI. But before investing any single penny, you should consider the worst situation so that it can help you overall.
We know that the previous ETH's all-time high price was $4800, and there are many resistance zones in the upper levels. Therefore, it is unlikely that ETH will hit $5000 this year. However, as crypto makes significant changes in the future, we believe that investors will be able to make more ROI from crypto.
It would help if you understood that we are not in the old days when the Crypto price rose to 100x in a few months. And talk about the next 10 years - so we don't know today or tomorrow where the ETH or any crypto is going. Remember, it has potential, but No one knows the Future; we only can predict.
The information provided in this article is not financial or investing advice. The author does not make any warranties about this information's completeness, reliability, and accuracy. The cryptocurrency market is volatile, and it can be difficult to predict which coins will rise and fall in value over time. Any investor should research multiple viewpoints before committing to an investment.