Ethereum has slowly followed in the footsteps of Bitcoinfor reaching a new all-time high. The cryptocurrencyhappens to be now trading beyond $ 1,800 while fostering an uptrend to $ 2,000. Bitcoinalso has hit an all-time new high on Monday at $ 47,625.
Ethereumstarts the ride to highs above $ 2,000
Most of the technical indicators seem to have lined up in provision of a breakout to value levels beyond $ 1,800. Although Ether happens to be trading at $ 1,815, the RSI on the 4-hour chart recommends that the buoyant move justhas started.The growth of the Ethereum network has started to recover after a crash, as shown in the graph developed by Santiment. The increase in the number of newly created addresses came in conjunction with the rally to $ 1,700 and the recent surge above $ 1,800. If the growth of the ETH network continues to increase, you can expect the token price to reach the expected level of $ 2,000 in the near term.
Ethereum Price Prediction
Several crypto prediction sites have released their own price ethereum prediction for July 2020, and to better reflect market sentiment for this altcoin, it was decided to present some of the most pertinent ones below in this article.
Longforecast predicts that ETH will have a July high price of $ 294, while the low price has been estimated at $ 223. The average price for the month was projected at around $ 249. ETH is expected to have a closing price of $ 251, change for 11.1% in July.
Digital coin price’s Ethereum price prediction for July puts the coin at a value of $ 440.01, which is a 78.25% increase.
Coinpredictor sees a -1.3% decline on the following day, placing ETH at $ 223.55. The site predicted that, in the next 7 days, the price of ETH will be $ 220.37, with a decrease of -2.7%. Towards the end of July, ETH is forecast to be around $ 255.03, which is a + 12.6% change.
Wallet Investor made predictions for the next 10 days in July, along with the lows and highs for each particular day.