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Ether Price Hits High, More Good News To Come

Ether price hits high. Ethereum, the second largest digital currency hits all time high value of $4,400 a few days after Bitcoin which is the biggest digital currency hits its all time high. Let us have a look at some of the Ethereum news. 

As the markets of digital currencies have increased in the past few weeks, ETH is up by more than 60% since last September. The crypto which supports the Ethereum blockchain network, increased as much as 2.6% to $4,400 as per Asain hours, crossing its previous all time high of $4,380 that was set on May 12, 2021. According to Chris Weston, who is a research head at Pepperstone,

“It wouldn’t surprise me if we go blasting through in European and U.S. trade. This is a momentum beast at the moment, and it looks bloody strong.”

He further added that the latest technical upgrade on the Ethereum network helped in the Ether price hit high. Having said that, he added,

“A lot of the time, with these technological upgrades and bits and pieces, this is news that fuels the beast, it’s fodder for people to say, ‘This is what we bought in for,’ and as soon as it starts moving, it’s like a red rag to a bull, people just go and buy.”

Bitcoin price which attained its record high of $67,016 on October 20, 2021, was last increased by 1.4% at $61,457, for an increase of nearly 50% since the late of September. Among the recent increases in the digital currency market, the increase of a meme coin, Shiba Inu took the market by storm. The price of this meme coin increased by 160% this week and came to the list of top 10 digital currencies in the world. Presently it is positioned as the eighth largest digital currency in the world. So if you wonder can Ethereum hit Bitcoin prices? In the recent future, it is not possible.

Ethereum All Time High: Ethereum Price Prediction

As per the latest news of EIB’s (European Investment Bank) $121 million digital bonds with Ethereum blockchain network, it helped Ethereum price to increase exponentially. Let us briefly have a look at the upcoming Ethereum price prediction.

  • Ethereum Price Prediction 2023: If Ether crypto grabs the support level around the long term moving approximately 200 days firmly, the buyers will then have enough stability and time to forge the next mission of attack on the vital level at $4100, making it not drop but play regularly.
  • Ethereum Price Prediction 2024: As per the latest crypto news updates, technical upgrades, the price prediction of Ethereum, and the new project statement of the platform, it is expected to have many associations and collaborations around 2024. This might increase the value of ETH in the crypto arena, and it will be a good investment as the value can attain nearly $5200. However, if the ETH price faces a setback, it might trade around its significant support of $4900.
  • Ethereum Price Prediction 2025: Over the upcoming four years’ price predictions of ETH, running up to climax will not be so tough for ETH as added short-term, medium, and long-term price parameters can be found to purchase or trade orders. Initiating with a minimum value of $5200 in the long term, that implies ETH price may record a new all-time high of $5600 over the upcoming five years as per the predictions and Ethereum price history. 

Conclusion

On Friday, 29.10.2021, Ether price hits high. It is at an all time high of $4,400 and its price is expected to increase more in the future. Ethereum is the second largest digital currency in the world and is in tough competition with Bitcoin which is the first largest cryptocurrency in the world.

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