Crypto News: Ethereum broke above US$4000 following months of steady increases. It received rejection and is currently testing this price level as support. More purchases are likely to lead to a rebound. However, the Ethereum price is now trading at US$4055. The current market capitalization of Ethereum is US$486.64 billion. Ethereum's trading volume in the previous 24 hours has been over US$26.45 billion. Ethereum's circulation supply is around 120.09 million ETH coins. The small reductions appear to be a retest of yesterday's breakthrough. We may expect the price to rise more in the next few days, as the current daily chart shows a strong bullish trend.
The Ethereum Cancun-Deneb (Dencun) Upgrade is a key milestone for the world's second-largest blockchain. This update, scheduled to be released on the main net on March 13, focuses on scalability, efficiency, and security via different Ethereum Improvement Proposals (EIPs). Notably, EIP-4844 focuses on proto-dank sharding to reduce gas expenses and improve network scalability. Dencun signals the start of "The Surge" period on Ethereum's roadmap, opening the path for massive scalability via layer-two rollups. These rollups handle transactions off-chain while ensuring the security of the main Ethereum network.
Analysts believe this barrier zone will slow Ethereum's growth. Nonetheless, a breakthrough above this level might pave the way for more gains. According to HyblockCapital's analysis, exceeding a price of US$4,205 may result in large short liquidations, potentially boosting Ethereum's value higher. The expert's research shows limited resistance below US$4,310 and an easier path to US$5,000 if Ethereum surpasses US$4,860.
An increase in active Ethereum addresses is also an indication of interest, indicating increased engagement and positive sentiment in the network. As on the most recent data, Ethereum has 537,000 active addresses, a significant increase from March 10th. Investors frequently see increased network activity as a positive indication, implying a healthy and developing ecosystem.
Ethereum price analysis is determined by the market outlook, and technical indicators. Ethereum may either break out of the descending triangle and go for the next resistance level at US$4095, or it could fall and test the next support level at US$3974. The relative strength index is 64.48.
Ethereum has a promising future because it is more than simply a transactional currency; it is on its way to becoming a "store of value" for entities seeking to maximize their capital. ETH works nicely with DApps, NFTs, smart contracts, and DeFi, and the list is expanding every year. As long as the network grows stronger and the ETH team continues to build unique features, its investors are certain to expand in the years ahead. Here are some price predictions of Ethereum:
CoinarbitrageBot forecasts that the Ethereum price by the end of 2025 will be about US$ 8684.88, while it might potentially finish up at price levels of US$ 4505.72 at the end of 2026.
Changelly predicts the minimum price of Ethereum will be about US$7,530. The maximum predicted ETH price might be about US$9,394. In 2025, the average trade price might be US$7,807. In 2030, the price of ETH will range from US$45,010 to US$53,746. Its average cost is estimated to be approximately US$46,323 this year.
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