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- The price of Ethereum has touched to $210 level recently after making a low of $107.90 on March 17.
- The Ethereum Price Prediction can be made by simply answering why is Ethereum going up and what factors will push ETH.
- Ethereum will soon complete the transition development from the Proof of Work (PoW) to Proof of Stake (PoS) Consensus mechanism in recent future.
Traders and investors have earned a lot by investing in Ethereum in last two months. Experts say Ethereum Going Up and have shared their Ethereum Price Prediction. It has the second-highest market volume among all crypto coins. The crypto has made its peak around the starting of 2018. After that, mostly the crypto had negative move in the daily chart. However, things started to change during COVID-19 pandemic. Managers of funds recently showed their interest in hedging in the crypto.
Hence, many big investors and managers of funds also seemed interested in the ETH. As a result, the price of Ethereum has touched to $210 level recently after making a low of $107.90 on March 17. The Ethereum (ETH) Price 2020 can be made by simply answering why the crypto is going up.
Price Prediction of Ethereum for 2020 and 2021
There are a few other reasons for increasing the price of ETH. The crypto will soon complete the transition development from the Proof of Work (PoW) to Proof of Stake (PoS) Consensus mechanism in recent future. This is the most awaited transition for the crypto. Furthermore, ETH on-chain metric is rising at a faster rate as daily active addresses, transactions per day and average transaction values are increasing.
The market capitalization of the crypto has also increased. The present market capitalization of ETH is 22.8 Billion USD. That’s why almost all the experts are bullish on Ethereum. For example, Forex trader, TieuLong FX viewed that the crypto can reach to 1,365 by the end of next year. However, analysts of PriReis seemed to be rational. They think that the price of ETH can reach to $320.
These market analysts are bullish on the crypto also as ETH is the first one to use smart contracts i.e. documentation without human intervention. Hence, it can be concluded the crypto might be an important part of our future. However, you should be cautious while investing in crypto as the market is volatile as conditions in crypto markets change rapidly.
