Ethereum (ETH) Price Prediction 2025-2030: Assessing what is ETH’s bullish outcome
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
After bottoming out in June 2022 at about $880, the price of ETH has more than doubled. This, despite several unfavourable developments such as the demise of FTX, a rise in interest rates, and stricter U.S. regulations.
Ethereum (ETH), the token that powers the world’s leading smart contracts platform, was valued at over $1,800, at the time of writing. Ethereum’s price rose dramatically in March, replicating Bitcoin’s performance, before hitting resistance at $1,850.
Read Price Prediction for Ethereum (ETH) 2023-24
As a result, ETH/USD has drawn an ascending triangle, which is supported and opposed by a rising trendline and horizontal level, respectively. As lows rise steadily and highs hover around the same level, the pattern points to aggressive purchasing because it indicates greater selling pressure at the level in question.
As we approach the launch of the Shanghai update, this speculation is not improbable. The initial cost of Ethereum in 2022 was $3,722.59. At press time, ETH was trading at $1,912.
Ethereum’s long-awaited Shanghai upgrade is expected to become operational in a few weeks. A short-term sell-off event is expected to follow the update, which will allow stakers to withdraw their vested tokens from Ethereum’s proof-of-stake (PoS) smart contract.
The Ethereum community seems to be supportive of Coinbase’s recently revealed layer-2 network, Base, which has been called a “watershed moment” and a “huge confidence vote” for the blockchain network.
Base, a layer-2 network driven by Optimism and secured on Ethereum, seeks to eventually develop
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