Ethereum news

When can we expect the price of Ethereum to rise to $3500?

Ethereum has been stagnating for a year now, leaving cryptocurrency traders wondering when the price of ETH will finally break above $3,500 again.

Ethereum Price Not Growing Mainly Due to Falling Popularity DeFi, low demand for ETH-ETF and high transaction processing fees, now exceeding $1,5. Accordingly, the value of the cryptocurrency can exceed $3,500 if several conditions are met:

  1. The Pectra update will be implemented successfully;
  2. The value of digital assets locked in decentralized services will increase;
  3. Issuers Ethereum-ETF will record a strong influx of capital.

Pectra Upgrade, scheduled for the first quarter of 2025, is designed to increase the interoperability of the Ethereum blockchain, simplify the process of data storage and increase the level of network security. Thanks to the update, the fee for performing transactions may decrease, so one of the main problems of the blockchain will be eliminated.

Ethereum price fluctuations throughout the year

Compared to the all-time high recorded on December 8, 2024, the value of cryptocurrencies locked in DeFi, launched on the second-tier networks of the Ethereum blockchain, decreased by 25%, and over the past month this figure has fallen by more than 9%. The negative trend is explained by the fact that members of the crypto community more often give preference to startups operating in networks competing with ETH BNB Chain и Solana.

Change in the value of digital assets locked in DeFi in the second-level networks of the Ethereum blockchain

Finally, on the market эфириум-ETF calm prevails. Over the past two weeks, ETH-based derivatives have attracted no more than $150 million per day, while the inflow of capital into Bitcoin-based funds has exceeded $900 million. It is clear that ETH-ETF will start investing more actively if the blockchain indicators improve.

Accordingly, the future of the cryptocurrency directly depends on the consequences of the Pectra update release. If the update achieves its goals, the will exceed $3,500. Otherwise, the coin price is threatened with stagnation or, even worse, a fall.

Source

Показать больше

Добавить комментарий

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Кнопка «Наверх»