Ethereum (ETH) News Update
Ethereum price movement
Ethereum USD price predictions according to the experts
Factors that affect Ethereum price
What to do when Ethereum (ETH) price drops
Will Ethereum rebound in 2022?
Since it was listed for the very first time, Ethereum (ETH) became a crypto asset with very significant achievements.
Not only has the token become one of the most popular crypto assets around the globe, but Ethereum’s network is also hailed as an exceptional network with many superior features such as smart contracts, Decentralized Apps (dApps), and the one that is now quite trendy, Non-Fungible Tokens (NFTs).
Considering its popularity, we’re curious about the token’s price movement. If you are too, then read on to find out the Ethereum price prediction by experts.
Ethereum (ETH) News Update
- Ethereum’s value rose by 9% on 28 July 2022. This was preceded by a 16% increase the day before.
- The Fed reported an interest rate increase of 0.75%, according to CNBC. Accordingly, ETH prices witnessed a significant increase of 13% from US$ 1,480 to US$ 1,670 on 28 July 2022.
- As reported by Cointelegraph, The Ethereum developer team confirmed the timeline of the Merge. If there’s no delay, the Ethereum chain might be merged on 19 September 2022.
- chain, and the platform’s new Proof-of-Stake chain, were successfully combined on 6 July 2022, according to CoinDesk.
Ethereum price movement
The Ethereum price movement year by year is quite impressive. Though it is volatile, Ethereum’s price tends to consistently increase in the long term.
In mid-2021, the Ethereum price showed a positive trend. This second-ranked crypto asset value successfully achieved a unit price of US$ 4,168 at the beginning of May 2021.
This caused many crypto experts to – correctly – forecast that Ethereum will experience a significant increase. By November 2021, the ETH price once again rocketed to US$ 4,812/token.
The increase was considered as strong proof that Ethereum will continue increasing, especially compared with the ETH price in December 2020 around only US$ 750. This means the price was hiked by 500%.
Therefore, Ethereum remains one of the most popular digital assets.
Ethereum USD price predictions according to the experts
Ethereum’s value decreased in 2022 to US$ 1,781, but most experts predict that the price will rebound in the future. Here’s a long term Ethereum (ETH) price prediction from experts below:
- Wallet Investor, an algorithm-based crypto-asset prediction website, projected that ETH’s price can grow to over US$ 10,000 in November 2023 and even reach US$ 16,391 by the end of 2025.
- The same was said by DigitalCoin, which predicts that the ETH price will average around US$ 7,569 in 2025 before rising to US$ 16,858 in 2028.
- According to PricePrediction.net, Ethereum is forecasted to reach an average price of US$ 18,213 in 2025.
Note: These Ethereum (ETH) price predictions are not a guarantee, for sure. Before investing, it’s crucial that you do your own research using the right analysis.
At the time of writing, the Ethereum USD price is US$ 1,820.
See the real-time ETH price graph on Zipmex.
Factors that affect Ethereum price
1. Ethereum 2.0
The Ethereum blockchain has been upgraded to Ethereum 2.0 in 2021, an update that attracted many crypto assets activists.
Ethereum 2.0 is a continuing project and involves the famous London Hardfork that kicked off in August 2021. Ethereum’s London Hardfork introduced a coin-burning process that was expected to support the ETH coin value by regulating their supply.
Ethereum also introduced the Altair upgrade onto their new blockchain, Beacon Chain, on 27 Oct 2021. This upgrade tested out the transition to a Proof-of-Stake (PoS) consensus mechanism. The Ethereum main chain will join Beacon Chain in 2022 to finish the Ethereum 2.0 upgrade.
Beacon Chain: Ethereum’s new proof-of-stake based blockchain that’ll support Ethereum 2.0
2. Non-Fungible Tokens (NFT)
Non-fungible tokens or NFTs are a part of the Ethereum blockchain that became popular in 2021.
Since most NFTs operate on the Ethereum blockchain, the coin’s popularity increased along with this new type of digital art.
What to do when Ethereum (ETH) price drops
Recently, the price of Ethereum (ETH) is considered to be highly volatile during the the current state of the crypto asset market. Other crypto assets such as Bitcoin, Cardano, XRP, Dogecoin are also dropping in price.
Similarly, the stock market has also experienced a big loss. Quoting Forbes, Nasdaq dropped by more than 4%, while S&P 500 fell by 3% and the Dow Jones Industrial Average (DJIA) fell to 2.5 percent%.
So, in the recent market condition like this, what should be done by investors to avoid a big sum of loss?
1. Avoid panic selling
It is common to want to minimize your losses by selling your assets before the price drops even further. Doing so immediately is known as “panic selling”.
While panic selling could reduce your losses, it can also negatively affect your portfolio. Actually, some experts advise preserving long-term and diverse investments.
In this uncertain market situation, it is highly recommended to retain objectivity and curb our emotions for the sake of avoiding losses.
As a reminder, though, doing thorough research and consulting with experts are the best steps to take before making an investment decision.
2. Stake your Ethereum with ZipUp+ and earn rewards
Zipmex is a crypto asset trading platform that’s licensed by the Securities and Exchange Commission (SEC).
Aside from being a regulated trading platform, Zipmex also offers various features you can use instead of trading in uncertain market situations.
For example, ZipUp+ is a crypto staking program that gives up to a 6% APY (Annual Percentage Yield) bonus in crypto, paid daily. This means you get rewarded Ethereum for simply keeping some Ethereum in your ZipUp+ wallet.
Also, there’s no minimum staking period, so you have full control to withdraw your assets whenever you wish.
Will Ethereum rebound in 2022?
It is uncertain whether Ethereum’s value will rebound as it did in December 2021. Based on Ethereum’s price history, movements and 2022 market conditions, experts are still optimistic that ETH will rebound in the future, though there will be fluctuations along the way.
It is important to remember that the crypto asset market is really volatile. Therefore, it is difficult to make a 100% accurate 2022 Ethereum price USD prediction.
Thus, expert’s opinions and algorithm-based 2022 Ethereum predictions may not always represent the real upcoming condition.
Disclaimer:
All investments are speculative, have risks and substantially uncertainty. Investors must understand digital assets characteristics including refund terms and asset risks. We encourage investors to fully understand assets and risks before doing any investment.
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