Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: RSRS on October 17, 2021, 06:40:55 AM
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As the cryptocurrency market soars, many crypto projects are seeing their valuations grow back again. In fact, Bitcoin managed to pull back the entire cryptocurrency market from a worrisome downtrend. In a week’s time, BTC managed to jump by 10%. Today, Bitcoin breached its 60K mark. On the other hand, Ethereum managed to also regain its uptrend and show another bullrun. In fact, Ethereum is eyeing its previous all-time valuation of USD 4,375. This time, the technicals are in place to break yet another new psychological area. Will we witness an Ethereum 5K price before 2022? Let’s do some analysis to better assess where the market might lead ETH prices.
Ethereum Price Prediction – Where are ETH prices Going?
Despite several crashes, Ether was still on an uptrend. We did witness a heavy adjustment both on the 12th of May and the 7th of September. Despite what the mainstream media said on multiple occasions about ETH prices, it was purely based on FUD and regular descriptive news. Looking at figure 1, we can clearly how ETH prices are on an uptrend, with the previously mentioned price adjustments.
More Information (https://cryptonews.net/en/news/ethereum/2260161/)
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Now the price of bitcoin has already exceeded $ 66,000, and ethereum has risen above $ 4,000. By the end of the year, ethereum may well surpass the $ 5,000 mark and this cannot even be the limit. There was news that by May-June, as part of the Ethereum 2.0 update, the network could switch to the PoS algorithm, and this good news could also push the price of this coin up.