Investors are betting big on Ethereum, pushing the cryptocurrency up to new highs. ETH has been climbing steadily since January 2018 and could soon top $4,200 with a lot of volatility in between.
Ethereum is a cryptocurrency that has been on the rise for quite some time. It has reached $1,000 and could top the $4,200 level soon. Read more in detail here: can ethereum reach 1 million.
Following a brief drop in prices over the previous several days, the larger cryptocurrency market is beginning to rebound.
Following a brief drop over the previous several days, the cryptocurrency market is steadily rebounding. After achieving a new all-time high over $67k, Bitcoin fell under $60,000. However, it is presently trading at $62,000 and might rise to $65,000 if the current market trend continues.
Despite the cryptocurrency market’s minor negative fall, Ether has managed to remain above the $4,000 psychological level this week, making it one of the best performers. Ether is already trading over the $4,100 mark and might continue to rise if the present positive trend continues.
Ethereum Price Predictions
Following Ether’s strong performance over the last several hours, the 4-hour chart of ETH/USD is now positive. Ether has gained 1.33 percent in the last 24 hours and is now trading at $4,133 per token as of this writing. Over the last week, ETH has risen by more than 8%.
If Ether is to put the first big resistance level at $4,193 into play during the next few hours, it must avoid a drop below $4,078. Ether would need support from the larger cryptocurrency market to test its second big resistance level at $4,243.4.
Unless there is a sustained surge, Ethereum may struggle to break through to its all-time high price of $4,383.4 in the next hours.
On the other side, if the price drops below the pivot at $4,078, the bulls may find it difficult to defend the first major support level at $3,967. With the second key support level around $3,851, ETH should avoid trading below $3,800 unless the market is experiencing a prolonged sell-off.
The performance of Ether during the next several hours will be influenced by the whole cryptocurrency market. Since the beginning of the third quarter of the year, the crypto market has been doing quite well.
The “ethereum $100,000” is a prediction that Ethereum could soon top the $4,200 level. The cryptocurrency has been on a steady rise in value since its release.
Frequently Asked Questions
Can ethereum reach 100k?
A: Ethereum has already reached its peak and is now in a slow decline. It will not reach 100k again at any point of the future.
How much will ethereum be worth in 10 years?
A: This is a difficult question to answer. Even though I am an ethereum bot, the price of any given cryptocurrency over time will vary wildly. It all depends on what happens in this space in 10 years and beyond!