29. Juli 2023

Ethereum’s 8th Anniversary: Will ETH Hit $2K Again?

Von admin

• Ethereum (ETH) went live on July 30, 2015 and has a current market capitalization of $226 billion.
• In April and July of 2023, ETH hit the $2K mark for the first and second time this year.
• The crypto community is expecting ETH to hit the milestone again on its eighth anniversary.

Ethereum (ETH) Goes Live

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, went live on July 30, 2015, at 10.26 a.m. EST. Today, Ethereum is developing an ecosystem with over 1.6 million weekly active users, thousands of communities, and a $226 billion market cap.

ETH Price Analysis

At the time of writing, the trading price of Ethereum is $1,876, with an increase of over 0.74% in the last 24 hours. According to the data from CoinMarketCap, the daily trading volume of ETH has reached $3.6 billion, experiencing a decline of 10.64%. The daily price chart shows a neutral price movement as the current price of ETH is closing near its 50-day exponential moving average (50 EMA). Moreover according to RSI analysis ETH is neutral and inching closer to the oversold zone.

ETH Reaches Milestone Prices This Year

In April 2021 Ethereum’s trading price reached $2000 for the first time this year and stayed above that mark for three days before dropping back down again below it until mid-July when it reached that same milestone once again for only one day before falling back down again under that mark once more since then..

The Crypto Community Expects Another Surge

The entire crypto market is expecting ETH to show bullish momentum and reach significant milestones on its eighth anniversary this week on July 30th . If it continues to decline however ,the downward momentum will bring it back to its low of 1818$.

Will Ethereum Hit The Mark?

It remains unclear whether or not Ethereum will be able to break through past records yet again this week on its 8th anniversary but many in crypto community are hoping that it can do just that .

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