Ether, from the Ethereum blockchain, is the second largest cryptocurrency in terms of capitalization. It is Ethereum’s original cryptocurrency, which is the first blockchain to be a platform for the development of decentralized applications (DApp). Ethereum introduced the concept of smart contracts, NFTs and many other features that contributed to the increased use of blockchain.
In the news
Ethereum consolidates near $ 3,100, XRP is stuck near $ 0.75. ETH tested the $ 3,150 resistance zone before correcting lower. XRP failed to break the $ 0.78 resistance. The ADA fought to clear the $ 0.98 resistance zone.
The Ethereum price broke the resistance at $ 3,120. ETH even peaked above the $ 3,150 resistance zone, but there was no further upward. The prize now consolidates its winnings below $ 3,100, with instant support of $ 3,080. The next big support is close to the $ 3050 level, below which the price might test $ 3000.
On the upside, the $ 3,150 level may provide resistance. The next key resistance may be close to the $ 3,220 level.
Ethereum (ETH) price: what is the current price?
Here is the live price of Ethereum.
Everything you need to know about Ethereum
Creation of crypto-ETH
Ethereum was launched in November 2013 by Vitalik Buterin, a Russian-Canadian computer nerd when he was 19 years old. His white paper, produced after three years of cryptographic research and development, provided solutions to Bitcoin’s limitations.
In addition to the transfer of values, Buterin wanted to launch a real IT development platform that hosted a new kind of applications, called Decentralized Apps (DApp). These applications, like cryptocurrencies, benefit from the features of the blockchain. They are decentralized and oppose censorship. The execution of DApps is facilitated by smart contracts, which are programs that allow network users to exchange data.
Only Vitalik Buterin, one of the eight co-founders of Ethereum, is still actively working on Ethereum, with of course new talent around him. Charles Hoskinson and Gavin Wood launched competing blockchains (Cardano and Polkadot), while Anthony Di Iorio, Amir Chetrit and Jeffrey Wilcke moved on to other projects.
How does Ethereum work?
Ether, like Bitcoin, can be used to buy goods and services. Its price has also risen rapidly in recent years, which may make it a speculative investment.
However, Ethereum is unique in that users can build applications running on blockchain in the same way that software runs on a computer. Personal information can be stored and transferred, and financial transactions can be processed using these programs. In addition, Ethereum allows through Ethereum Virtual Machine applications, including smart contracts, to interact with its blockchain.
Crypto ETH: our opinion and prediction for 2022
- ETH Global Mirror Mag Rating: 7/10
Opinion on the project
Thanks to the many blockchain applications, Ethereum has become the center of decentralized finance. The network is very reliable and has the support of several large multinational companies such as Microsoft, IBM and Banco Santander.
Price volatility announcement
Ethereum is one of the most stable cryptocurrencies. Violent fluctuations become less frequent and prices become more predictable.
Mid-Term ETH Price Prediction
Following its retracement in 2021, the price of ETH has become more attractive. We can take advantage of this to play the highest prizes in 2021.
Long-term ETH price prediction
The $ 5,000 and $ 10,000 targets are expected as the Beacon chain, which will swing Ethereum to proof-of-stake consensus, is expected in 2022.
Conclusion – should you invest in Ethereum crypto? Where and how to buy it?
Conclusion on our Ethereum review
Ethereum is the cryptocurrency project that attracts the most interest from large companies. Its dominance of decentralized finances is still undeniable despite the many ethereum killers that has been launched.
Buy Ethereum (ETH) to shop
To trade with this cryptocurrency, the eToro broker is the most suitable. In addition to buying tokens, this platform allows you to trade short-term crypto-CFDs without having to hold tokens.
- Step 1 : use the search bar on the eToro platform to find the cryptocurrency.
- Step 2 : then click “Invest” to enter the amount of cryptocurrency to purchase and validate the transaction.
Read this article to find out how to buy cryptocurrency on eToro.
Buy Ethereum to invest
To invest in this cryptocurrency by holding them in a wallet, go to the Binance platform.
- Step 1 : go to the “Buy Cryptos” tab and then select the payment method of your choice.
- Step 2 : select the crypto you want to buy and proceed to secure payment. Thereafter, the cryptocurrencies will be credited to the dedicated wallet.
Read this article to find out how to buy cryptocurrency at Binance.
Useful resources to invest in Ethereum (ETH)