Analysis

Ethereum Price history

Ethereum is different from other cryptocurrencies like Bitcoin, Ripple, and Litecoin. Ethereum is a blockchain protocol for smart contracts, and Ether is a native cryptocurrency that fuels the Ethereum blockchain. Ethereum runs smart contracts on Ethereum Virtual Machine, which is a supercomputer built on the blockchain. ETH project was proposed by Vitalik Buterin in 2013, and it went live in 2015 with 72 million pre-mined coins.

Ethereum is upgraded through a series of Ethereum improvement protocols. An adjacent protocol overhaul is under development and involves full redesigning and rewriting.

Last year during the second half of 2019, ETH came down from $320 to $119, causing the depreciation of 63%. ETH has been growing since the start of 2020. It grew from $119 to $190, which means it spiked more than 45% since the start of the year. This year’s positive momentum has caused ETH to climb up, and it is now above all its EMAs.

Technical Indicators

 

Yearly Forecast

As Ethereum is one of its kinds, predicting the price of Ethereum is difficult. Most of the analysts and experts believe that Ethereum is going to grow in the long-term. Ethereum is one of the unique technologies that have ever existed, and it has succeeded in garnering the support and interest of some of the best entrepreneurs of the finance industries. Here are some of the predictions made by the experts:

  1. Alexis Ohanian co-founder of Reddit and Tech Entrepreneur – Alex Ohanian believes that Ethereum will eventually reach $1,500. He says that he is bullish on Ethereum.

  2. Steven Nerayoff, CEO and Founder at Alchemist – Steven Nerayoff, who is believed to be an architect of ICO, sees Ethereum’s price to reach $3000 in the future.

  3. Nigel Green, CEO of deVere Group – Nigel, has predicted the price of Ethereum to reach as much as $2,500.

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