bitcoin
Bitcoin (BTC) $ 16,822.56
ethereum
Ethereum (ETH) $ 1,232.67
tether
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bnb
BNB (BNB) $ 284.68
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 1.00
xrp
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dogecoin
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cardano
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matic-network
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polkadot
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staked-ether
Lido Staked Ether (STETH) $ 1,219.11
shiba-inu
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litecoin
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okb
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dai
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solana
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tron
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uniswap
Uniswap (UNI) $ 5.95
avalanche-2
Avalanche (AVAX) $ 13.20
leo-token
LEO Token (LEO) $ 3.79
chainlink
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wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 16,785.81
cosmos
Cosmos Hub (ATOM) $ 9.60
the-open-network
The Open Network (TON) $ 1.83
monero
Monero (XMR) $ 145.15
ethereum-classic
Ethereum Classic (ETC) $ 18.81
stellar
Stellar (XLM) $ 0.084362
bitcoin-cash
Bitcoin Cash (BCH) $ 109.73
quant-network
Quant (QNT) $ 117.23
crypto-com-chain
Cronos (CRO) $ 0.063416
algorand
Algorand (ALGO) $ 0.222537
filecoin
Filecoin (FIL) $ 4.35
near
NEAR Protocol (NEAR) $ 1.68
apecoin
ApeCoin (APE) $ 3.86
vechain
VeChain (VET) $ 0.018720
hedera-hashgraph
Hedera (HBAR) $ 0.047383
internet-computer
Internet Computer (ICP) $ 4.15
flow
Flow (FLOW) $ 1.03
eos
EOS (EOS) $ 0.979682
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 44.29
terra-luna
Terra Luna Classic (LUNC) $ 0.000172
frax
Frax (FRAX) $ 1.00
trust-wallet-token
Trust Wallet (TWT) $ 2.45
axie-infinity
Axie Infinity (AXS) $ 8.29
the-sandbox
The Sandbox (SAND) $ 0.582118
tezos
Tezos (XTZ) $ 0.990401
aave
Aave (AAVE) $ 60.99
theta-token
Theta Network (THETA) $ 0.854300
huobi-token
Huobi (HT) $ 6.35

Should I buy Ethereum Now?

0

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Ethereum price erased most of the gains it made in 2021 as concerns about digital currencies rose. The coin dropped to a year-to-date low of $881 in June and then started a slow recovery that saw it rise above $2,000 in August. ETH was trading at $1,703 on Friday, which was about 93% above the lowest level this year.

Ethereum Merge is the main catalyst

Ethereum price has staged a strong recovery in the past few weeks as investors focus on the upcoming merge event. This will be the biggest transition in the blockchain industry as it will see the network move from a proof-of-work into a proof-of-stake platform. It will merge the current version with the Beacon Chain.

As a result, Ethereum mining will not be possible. Instead, the network will use a set of validators to confirm or deny transactions. In addition, the new network will set a stage for more upgrades in the future that will make Ethereum faster and more cost-effective. For example, Ethereum will introduce sharding, a technology that has been used by blockchains like Elrond and Near Protocol.

Historically, cryptocurrencies tend to rally towards a major upgrade or event. For example, Bitcoin tends to always rally ahead of a halving event. Still, it is still unclear whether ETH will continue rising after the merge. 

Ethereum price, like other cryptocurrencies, is also being affected by other factors. Like Bitcoin, the coin is being affected by Fed’s monetary policies. This year, the bank has maintained an extremely hawkish tone that has seen it rise interest rates by 225 basis points and start a quantitative tightening policy.

In addition, Ethereum’s ecosystem has been shrinking. The total value locked (TVL) in its DeFi ecosystem has fallen while the value of NFT trades has fallen sharply.

Where to buy Ethereum now

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

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Disclaimer

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy ETH with Bitstamp today

Ethereum price prediction

The daily chart shows that Ethereum price has been in a strong bullish trend in the past few weeks. Along the way, it managed to move above the important resistance level at $1,281, which was the highest level on June 26. 

The pair has also moved above the 25-day and 50-day moving averages, which is a bullish sign. However, a closer look shows that it has formed a small head and shoulders pattern. Therefore, the coin will likely retreat in the coming weeks as investors sell the fact. If this happens, the next key reference level will be at $1,281.



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