Will Ethereum rise above $2000 this year?

Ethereum Price Prediction: Ethereum sustains above the $1700 level. Current Outlook is Positive

The revised Forecast for 2022 is $ 2654

Ethereum USD Price Today

The Price of Ethereum $ETH is $1717 which is 1.61% higher than 24 hours ago. The market is $209 B and Trading Volume is $14.2 B USD

Ethereum Price Prediction 2022, 2025 and 2030

  • There are no pending Expert forecasts for 2022 at the moment. However, Ethereum Founder Vitalik Buterin believes that the ‘Merge’ has not been priced in yet and is likely to be priced in only after the Merge is complete.

Watch the video

YouTube video

Here are our aggregated forecasts

Ethereum Price Prediction 2022 $2654
Ethereum Price Prediction 2025 $6338
Ethereum Price Prediction 2030 $32978

In the meanwhile, here is our forecast question for the day.

10k Jackpot NewSizes EH 07 3

Ethereum Recovery: Big Surge in Total Value Locked

Total Value locked ( in a DeFi Protocol) on Ethereum has begun to recover, this BEST explains Ethereum’s recovery over the last two weeks.

image 286

The Ethereum Merge date is tentatively finalized for September 19th, 2022. The Merge enables the transition from proof of work to proof-of-stake. The Ethereum Mainnet will merge with the Beacon chain proof-of-stake consensus system. Instead of mining (like Bitcoin), POS will define the workings of the blockchain. That said, the Merge will not reduce gas fees.

Ethereum Price Performance in 2022

Ethereum’s Performance
Last 5 days +18.4%
Last 30 days +56.2%
Year to Date -54.5%

YouTube video

Ethereum Price Prediction Today

Indicator Trend
Overall Outlook Positive
1. Market’s Wisdom Marginally Positive
1b. Market Data Neutral
1b. Technical Recommendation Buy
2. Crowd’s Wisdom Positive
2a. Crowd’s Buzz Higher
2bSocial Media Sentiment Higher

Ethereum closing price in the last 6 years.

Ethereum has had two-loss years since its launch (after a hard fork with ETC) in 2016. The losses came in 2018 and 2019, the years when the Federal Reserve reduced the size of its balance sheet. The losses in 2022 have also followed the same pattern.

Ethereum’s Price
Dec 31st, 2021 $3683
Dec 31st, 2020 $738
Dec 31st, 2019 $130
Dec 31st, 2018 $133
Dec 31st, 2017 $757
Dec 31st, 2016 $8

Crowdwisdom360 Insights: Will Ethereum go up?

Ethereum Forecast: Should you buy Ethereum now?

Ethereum price performance between 2017 and 2019 when the Fed reduced the size of its balance sheet. There was Massive volatility at that point.

image 288

Global wealth was much lower in 2017

  • Global Wealth in 2017 = $280 Trillion
  • Global Wealth in 2021= $530 Trillion (Could be revised lower to $ 400 Trillion in 2022)

The Market Cap of Cryptocurrencies = $1T

That said, Ethereum offers great opportunity in the long run

  • Undisputed leader in the smart contracts space. One needs ETH to carry out transactions using Ethereum Layer-1 Blockchain
  • Ethereum is present on most Metaverse’s which is clearly going to be one of the biggest growth areas over the next few years
  • Most Altcoins use ERC Token framework, so as many Alts fail, the few that are left will continue to power Ethereum both in the short and long run

What is Ethereum?

  • Ethereum is a Blockchain-based on Proof of work. It expands on the Bitcoin Blockchain by building smart contract features that are cumbersome to execute on Bitcoin
  • ERC-20 is is a standard used on the Ethereum Blockchain to issue smart contracts in the form of Fungible Tokens. This standard can be used across a variety of products and services. Cryptocurrencies like Shiba Inu are issued through ERC-20 Token.
  • ERC-721 is a standard to issue Non-Fungible Tokens
  • Competitors of ETH: Solana, Cardano, and Polkadot
  • Main Sources of Ethereum Value: ERC-20 Token Transactions, DeFi Contracts, NFT Transactions
  • The circulating Supply of Ethereum is 121,661,205. Vitalik Buterin announced yesterday that once Merge is implemented, the number of Ethers issued every year will fall significantly with some analysts predicting that it will fall by as much as 90%. As a consequence, the number of coins circulating will fall as numerous coins are consumed by Network fees. This is called Ethereum Deflation.

What is Staking? What is Proof of Stake Consensus Mechanism?

The Proof of Stake model requires cryptocurrency holders to keep some of their coins as stake which can be used to verify transactions. It is an improved version of the Proof of Work model and makes an attack or hacks less likely or unfruitful. By keeping coins at stake, the stakeholders earn rewards.

Why is Ethereum Valuable?

  • DAO (Decentralized Autonomous Organisations): Unlike traditional organizational structures with clear leadership and top-down decision-making, DAOs work in a more democratic way with proposals voted by members of the blockchain.
  • Most Altcoins do not have blockchains of their own. Instead, they issue ERC-20 Tokens from the Ethereum blockchain. Ethereum charges a gas fee in the form of Ether (Eth) cryptocurrency for using the Ethereum Blockchain
  • Metaverse: Almost all Metaverse platforms issue built on the Ethereum Blockchain. So while Ether itself is not used on
  • DeFi Tokens: Ethereum is a dominant player in this space with most Tokens and Apps built on Ethereum
  • Decentralized Apps (DApps) like Uniswap, Polymarket, etc

Read: Bitcoin Price Prediction

How to buy Ethereum?

Ethereum is one of the most popular cryptocurrencies. Here are the steps to buy or Invest in Ethereum:

Requirements to buy Ethereum:

  1. Need to have a Crypto Exchange Account
  2. Need to Have a Crypto Wallet

Steps to Invest In Ethereum

  1. Choose a Crypto Exchange
  2. Create your account with the Crypto Exchange
  3. Fund Your Wallet
  4. Buy Ethereum
  5. Store

Ethereum can be purchased on the following websites/ apps –Coinbase, Binance, Robinhood, Crypto.com, Using a Decentralized Exchange, CEX.IO (Using a Credit or Debit Card), Kraken

Will Ethereum go up?

Ethereum Price Prediction

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Source link