Home Ethereum Ethereum (ETH) Price Predictions: Where Will ETH Go After New Record Highs?

Ethereum (ETH) Price Predictions: Where Will ETH Go After New Record Highs?

5 min read

Ethereum (CCC:ETH-USD) is main a pack of cryptocurrencies to new all-time highs simply someday forward of a scheduled growth replace for the ether community. Dogecoin (CCC:DOGE-USD) and Bitcoin (CCC:BTC-USD) likewise rallied to new all-time highs today as cryptocurrencies surge forward of Wednesday’s Coinbase (NASDAQ:COIN) IPO (preliminary public providing).

A stack of ether or ethereum coins on a gold background.

Supply: Shutterstock

Wednesday’s Berlin arduous fork is an replace to the Ethereum community that may reduce fees for various transactions. Excessive GAS charges have been a huge sticking point for the ethereum blockchain, significantly because the hype around non-fungible tokens swelled within the first quarter of this yr. These transaction fees have been a boon for various competitors, however have recently declined as traders shift to a different type of bot for closing transactions.

Nonetheless, the approaching replace isn’t the one excellent news for ether bulls. On Monday, Nvidia (NASDAQ:NVDA) tripled its expected 2022 Q1 revenue from gross sales of a cryptocurrency mining processor (CMP) designed for industrial ethereum mining. Then on Tuesday, Ethereum software program developer Consensys simply raised $65 million in funding from a number of financial players, together with JP Morgan (NYSE:JPM) and MasterCard (NYSE:MA).

Talking of finance, cost processor Visa (NYSE:V) simply handled its first bitcoin payment a couple weeks ago. All of that comes in opposition to a wider backdrop of increased investment in ether, with record trading volumes in ethereum futures final week.

Wednesday’s Berlin arduous fork might be adopted by a Might 1 arduous fork to introduce the EtherLite chain. By switching to a pure proof-of-stake consensus, transactions will be much faster and more scalable. Shifting to proof-of-stake has been on the Ethereum roadmap for years, however could possibly be fast-tracked for as soon as this year, although this may slash rewards for ether miners.

Ethereum (ETH) Value Predictions

With Ethereum presently buying and selling slightly below $2,300, what’s going to ether do subsequent? Listed here are some Ethereum (ETH) value predictions:

On the date of publication, Vivian Medithi didn’t have (both immediately or not directly) any positions within the securities talked about on this article.

Article printed from InvestorPlace Media, https://investorplace.com/2021/04/ethereum-eth-price-predictions-where-will-eth-go-after-new-record-highs/.

©2021 InvestorPlace Media, LLC

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