To make an accurate Ethereum stock forecast, we’ve covered all of the bases when it comes to analysis.
However, some bullish momentum seems to have re-entered the market, meaning Ethereum could head higher in the months ahead. After reaching this peak, the price of ETH began gradually falling and is now trading around 30% less than these highs. Since then, Ethereum went on to reach an all-time high of $4891.70 on November 16th, 2021. This drop continued until July 2021, when Ethereum began showing some bullish momentum over the short term. This was a massive shock to the crypto ecosystem and prompted most major altcoins to drop significantly. The crypto market was drastically impacted by China’s crypto regulation, which banned financial and payment companies from providing crypto services. At this point, market analysts were optimistic that Ethereum could go as far as it wanted, however this wasn’t to be.Įthereum’s price dropped by around 60% in May 2021, which wasn’t actually due to factors directly related to them. This represented an increase of 496% since the beginning of 2021. However, the Ethereum price live then took a tumble and consolidated until late-March 2021, when a bull run commenced that saw Ethereum rally 180% to reach a high of $4381. Between the beginning of the year and mid-February 2021, Ethereum’s price increased by a remarkable 166%!
However, ETH price really only started taking off at the beginning of 2021, when the hype around crypto reached a fever pitch. Over the years, Ethereum has grown immensely as more and more people realise the platform’s potential. These dApps have become increasingly popular in decentralised finance (DeFi) projects, which have helped remove the need for intermediaries such as banks and brokers. The platform allows decentralized applications (dApps) to be run, which provide safer and more anonymous ways of conducting various services. The reason that people choose to invest in Ethereum rather than buy Bitcoin is because of Ethereum’s practical uses. The idea for Ethereum was produced by Vitalik Buterin in 2013, with the platform being formally launched in 2015. This may seem confusing, but most of the time, the terms are used interchangeably. The first thing to note is that Ethereum (ETH) is not the actual ‘currency’ per se – in fact, Ethereum is the blockchain platform in which the currency Ether can be used. Firstly, we will examine what Ethereum is to provide a broad overview, after which we’ll dive into the current Ethereum price for further analysis. Researching these elements is known as doing your ‘due diligence’ and is critical in the investment process. If you are looking to buy Ethereum, it’s a good idea to understand what the digital currency is and how price has arrived at the current point. This would coincide with another ‘higher-high’ in the overall trend and would represent a solid return on investment from today’s price point.īuy Ethereum with just $10! Ethereum Price History – the Story of 2021