Is Ethereum Going To Go Back Up?

Is Ethereum Going To Go Back Up? Coins like Bitcoin (BTC) and Ethereum (ETH) have fallen by 30 percent in the previous week, with BTC plunging below $29,000 for the first time since December 2020 and ETH trading below $2,000. There is also the possibility that the price of bitcoin might fall much more.

Crypto expert Wendy O Said,

potentially get a mini-bounce at $35,000, but unless we break the trend line at approximately $37,000, I’m calling for $29,000 in the coming weeks or week

Is Ethereum Going To Go Back Up

The price of Ethereum has fallen quickly over the previous few days, closing Thursday at less than $2,000 per coin. The price of Ethereum has fallen by a whopping 33% in the last week, as Bitcoin and the stock market have both taken a major hit.

Ethereum, like all cryptocurrencies, tends to follow the trend set by Bitcoin. If the price of Bitcoin drops, it’s probable that the price of Ethereum will follow suit. Ethereum’s major software upgrade has also caused some anxiety for the network.

The “Merge” from proof-of-work (PoW) to proof-of-stake (PoS) will take place over the next several months in Ethereum. Changing the sequence of transactions on Ethereum is a huge issue since it will make the system more efficient and sustainable for wider adoption.

There will be no “The Merge” in June, but it will still occur by the end of 2022, according to Ethereum developer Tim Beiko.

On April 11 Beiko tweeted,

No firm date yet, but we’re definitely in the final chapter of PoW on ethereum

Ethereum’s price has fallen below $2,200 in the first month of the year due to these and other macroeconomic variables. For the first time since July 2021, Ethereum’s price went below $2,000 on Thursday.

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My name is Gourav Singh, and some of my favorite hobbies include watching movies and television series, playing sports, and listening to music. For my blog posts, I prefer to write about themes that are lighthearted and fun to read and write about. To keep things light and entertaining, I'll include funny observations on life or a summary of the most recent entertainment news. Check out my blog if you're in the mood for some light entertainment.
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