Home Ethereum How far will Ethereum go this year?

How far will Ethereum go this year?

0
How far will Ethereum go this year?



How far will Ethereum go this year?

Read our analysis on How far Ethereum will go this year and also read our Ethereum price prediction 20222025 and 2030

Since January 2022, Ethereum has lost more than 50% of its value. Ethereum in the first week of January was trading above $3700 and 7 months later the price of Ethereum is below $2000. At one point, the price of Ethereum broke below $1,000, which sparked fear among investors. If we talk about the historical high of Ethereum, in 2021, on November 16, Ethereum reached its historical high. ETH price touched $4,891.70, but since then Ethereum price has retreated. ETH has lost more than 60% of its ATH value.

How far will Ethereum go this year: a simple calculation

Prices as of July 29 $1724
Market capitalization as of July 29 $209 billion
If Ethereum were to increase by 5% per month, what would the price be by the end of 2022? $2200
If Ethereum were to increase by 10% per month, what would the price be by the end of 2022? $2777

If Ethereum gains 5% every month from now, by the end of December 2022, the price of Ethereum would be $2,200 and if ETH increases 10% every month, we could see the price of Ethereum. ETH over $2,777.

10k Jackpot New EH Sizes 07 3

How High Will Ethereum Go This Year: Factors That Could Influence Ethereum’s Rise

Several factors have been responsible for the price fluctuation of Ethereum and the rest of the cryptocurrencies lately. Here are some factors that could influence the rise of Ethereum:

  • Ethereum merger: Ethereum Merge or Ethereum 2.0 has been one of the hottest topics recently. The Ethereum merger moves the entire Ethereum network from proof-of-work to proof-of-stake. With this, Ethereum’s network will be more energy efficient and ETH gas prices will drop sharply. Once the ETH merger is complete, the price of ETH is expected to rise sharply.
  • Increase in long-term holders: Ethereum price surge will also depend on the holders. If there are maximum short-term holders, then there is maximum chance that the price will rise temporarily, as these holders are looking for short-term profit and exit the market after making a profit on their investment. Therefore, for the price of ETH to increase, there must be an increase in the number of long-term holders,
  • Government action: Recently, the role of governments around the world has influenced the price of cryptocurrencies, including Ethereum. China’s crypto ban led to the crypto market crash, and the Fed rate hike also played a major role in determining the price of cryptocurrencies. Therefore, any positive movement by the government of major economies will benefit the crypto market and any negative movement will lead to a crash.

How far will Ethereum go this year: A video analysis

Youtube video

Lily: How far will Solana go this year?

Note: Crowdwisdom360 gathers forecasts and data from all over the net and has no internal views on likely stock or cryptocurrency trends. Please consult a registered investment advisor to guide you in your financial decisions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here