• Ethereum (ETH) went live on July 30, 2015 and is about to complete its 8th year.
• The current trading price of ETH is $1,876 with an increase of 0.74% in 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) Overview
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, went live on July 30, 2015 at 10:26 a.m EST. Over these eight years, it has become the leading altcoin in the crypto market and has achieved a significant milestone by becoming the most active blockchain with over 1.6 million weekly active users and thousands of communities with a $226 billion market cap.
Ethereum Price Analysis
At the time of writing, Ethereum’s trading price is $1,876 showing an increase of 0.74% in the last 24 hours with a daily trading volume of $3.6 billion experiencing a decline of 10.64%. According to its daily chart, Ethereum’s price movement appears neutral as it is closing near its 50-day exponential moving average (50 EMA). Its daily RSI also indicates that it is neutral and close to oversold zone. In 2023 itself, Ethereum’s price has shown several ups and downs reaching its all-time high of $2028 in July 14th after which it has been mostly trading below $2K since then.
Expectations for Ethereum’s 8th Anniversary
The entire crypto community is expecting that Ethereum will hit another significant mark on its 8th anniversary due to all the hype surrounding it this week. If it experiences bullish momentum, then it could reach nearest resistance level at $1917 or even advance further to $2018 while if downward momentum occurs then it could go down back to its low at $1818 level again but only time will tell what will happen next as there are no certainties regarding cryptocurrencies prices movements in general .
Will Ethereum Reach 2k Mark?
It remains unclear whether or not Ethereum will hit 2k mark by end of this week when celebrating its 8th anniversary however many investors have great hopes that it will do so given all the hype surrounding this event however if past experiences are anything to go by then there’s no way we can predict future prices accurately as prices tend to move unpredictably so one should be careful when investing into cryptocurrencies in general .
Conclusion
Overall ,there’s still much anticipation regarding what will happen next for ethereum given that we are about celebrate 8th anniversary soon but only time will tell us which direction ethereum’s prices moves towards in upcoming days but one thing for sure is that ethereum still remains popular amongst investors worldwide due to all kinds features & benefits offered by this platform itself .