Ethereum (CCC:ETH-USD) is once again notching new records after an extended period of bearishness in cryptocurrencies that saw both ETH-USD and other peers fall back from early April highs. Ethereum is currently trading around $2,650.
The biggest support for ether right now comes from significantly lower GAS fees, which have . That reduction in fees appears tied to a shift in the bots traders use to close transactions, and is not directly attributable to the GAS fee changes associated with the Berlin hard fork network update.
Eagle-eyed readers might note that two weeks ago, InvestorPlace reported on a similar decline in GAS fees likewise spurred by changes to prior to the Berlin hard fork two weeks ago.
More broadly, institutions and individuals alike are expressing their support for the cryptocurrency, whether it’s
or the .
Additionally, the .
Ethereum (ETH) Price Predictions
With Ethereum presently trading just over $2,600, what will ether do next? Here are some Ethereum (ETH) price predictions:
- FXStreet says consolidation around $2,600 should help . FXStreet also says $2,600 is the next major resistance level, with .
- Coin Gape likewise says that to $3,000.
- Last week, BuyUCoin CEO Shivam Thakral told Mint he believed .
- Benzinga previously said , based on historical data.
- Coinpedia has an optimistic Ethereum (ETH) price prediction, saying the coin could see dramatic upswing in prices to . They go on to say Ethereum could reach $6,000 by the end of 2022 and $10,000 by the end of 2025.
- Wallet Investor has .
- Trading Beasts predicts .
- Digital Coin Price has an and $7,989 by the end of 2025.
On the date of publication, Vivian Medithi did not have (either directly or indirectly) any positions in the securities mentioned in this article.
