• Ethereum (ETH) is the native cryptocurrency of the open-source blockchain platform, Ethereum. It was launched in August 2014 and has since revolutionized the blockchain and DeFi space by introducing smart contracts.
• ETH’s current market status is a positive one, with its price currently at $1,456.59 and 24-hour trading volume at $17,918,796,825.
• Ethereum (ETH) price prediction 2023 is bullish with an estimated range of $1483.23 to $1805.26 and a bearish prediction of around $1078.60.
What is Ethereum (ETH)?
Ethereum (ETH), known as Ether, is the native cryptocurrency of Ethereum – an open-source blockchain platform that revolutionized the blockchain and DeFi sector by the introduction of smart contracts. This second-generation blockchain was launched in 2015 and its native crypto coin, ether (ETH) was launched through an initial coin offering (ICO) in August 2014. The entire Ethereum network is fueled by Ether (ETH). Smart contracts are coded programs deployed and executed via the Ethereum Vending Machine (EVM). The blueprint for this network was released in 2013 by co-founder Vitalik Buterin and it will transition to Proof-of-Stake consensus through The Merge upgrade on September 15th this year.
Current Market Status
The current market status for ETH is quite positive; its current price stands at $1,456.59 while its 24 hour trading volume stands at $17,918,796,825 with a 3.7% increase over the last day’s prices. Its all time high was recorded on November 10th 2021 when it reached 4,878 USDT per ETH token; as of now its circulating supply stands at 120 million tokens approximately..
Ethereum Price Prediction 2023
In a recent price prediction analysis for 2023 made using statistics such as patterns observed from past prices combined with RSI , RVOL indicators etc., predictors have concluded that ETH’s future value could range from around 1k USDT all up to 2k USDT depending on which direction market trends take in upcoming months..
Falling Wedge Pattern
A falling wedge pattern can be seen on tradingview charts for ethereum; this essentially means that there could be potential for upward movement if sustained demand continues to build or if volatility increases due to major announcements or events associated with eth or other cryptocurrencies..
Overall it appears that ethereum looks poised to reach upwards of 2K USDT per token within 2023 depending on how market trends progress over coming months; however , any major announcement or event could trigger unexpected volatility so investors should keep their eyes peeled for news related to eth before making any decisions regarding investments into it .