• Ethereum (ETH) went live on July 30, 2015.
• The trading price of ETH has shown a surge of 0.74% in the last 24 hours.
• The entire crypto market is expecting the ETH price to hit a significant mark on this remarkable day with the hype around the eighth anniversary.
Ethereum (ETH) Goes Live
Ethereum (ETH) went live on July 30, 2015, at 10.26 a.m. EST and is about to complete its eighth year this week, on July 30. This blockchain network was named Frontier by its founding team and has since become the leading altcoin in the crypto market with over 1.6 million weekly active users, thousands of communities, and a $226 billion market cap..
Price Analysis
At the time of writing, the trading price of Ethereum is $1,876 with an increase of 0.74% in 24 hours, as per CoinMarketCap data. The daily trading volume of ETH has reached $3.6 billion experiencing a decline of 10%. According to its daily chart RSI, ETH is neutral and inching closer to being oversold..
Achieved Milestones
In these eight years Ethereum has achieved many milestones becoming one of the most popular cryptocurrencies today for its active blockchain ecosystem,. In April 2021 it reached an all-time high of $2028 which was short-lived as it dropped back below $2000 soon after that..
Expectations Around Anniversary
The entire crypto market is expecting Ethereum’s price to hit a significant mark on this remarkable day with hype around its 8th anniversary celebration.. If it experiences bullish momentum then it will reach nearest resistance at around $1917 while if it continues downward momentum then it can come back down to as low as $1818..
Will It Reach $2000 Again?
The crypto community anticipates that Ethereum will hit the significant mark for third time on its 8th anniversary but only time will tell if will actually happen or not..