Ethereum crash reason: Another Terra (Luna)? What is Lido Staked ETH, pulling Ethereum price down?
Over the weekend, Ethereum’s price continued to dip drastically. At the time of writing, Ethereum price stood at $1,302.66, as per CoinMarketCap, marking a 24-hour loss of 10.39 percent as well as a 7-day dip of 25.74 percent. Ethereum dip Ethereum has seen a tremendous uptrend as prices soared high from $1,577.81 to $1,892.37 in the past 2 weeks. With a performance of 2.31% in 7 days, it might be a good idea to know whether the price of Ethereum will continue to go up or adjust lower. Will Ethereum price go higher? Let’s analyze in this Ethereum price prediction article.
Ethereum worth more than bank of america
Now that you know a little about Ethereum, we can get started! The first step to learning how to make an Ethereum price prediction is to understand how and why the Ethereum price changes. Ethereum vs. other altcoins At the time of press, Ethereum is ranked #2 by market cap and the ETH price is up 7.69% over the past 24 hours. ETH has a market capitalization of $365.48 billion with a 24-hour trading volume of $34.3 billion. Learn more about ETH ›
→ When to sell ethereum?
While dApps and DeFi products are more efficient, they aren't free. Users pay transaction fees to access the products, and those fees are paid in the native cryptocurrency. In the context of Ethereum, that means Ether tokens. In other words, as dApp and DeFi products on the Ethereum blockchain become more popular -- an event that seems likely, in light of the benefits -- demand for Ether should rise, pushing its price higher. How is ‘the merge’ going to happen? That’s the day that the foundations of the Ethereum blockchain switches to a new system. Cross your fingers
Will ethereum crash
The report also claims that the upcoming Bitcoin halving, which will cut the mining reward in half, has already been priced in and will not give the coin the boost some expect. Editors’ Picks Ethereum whales have taken advantage of ether’s dip below the $1,700 region to accumulate millions of dollars worth of ETH in the last 24 hours, according to on-chain data released by Spot on Chain.
