📈 Ethereum Price Today
Ethereum (ETH) trades at $3,076, recovering 4% from a daily low of $3,069. This uptick aligns with Bitcoin’s 0.90% gain. ETH hit a daily high of $3,150, but investors are cautious as the market tests key resistance levels.
🌟 Ethereum Market Cap and Performance
ETH remains the second-largest cryptocurrency with a market cap of $370B, trailing Bitcoin’s $1.85T. Despite its 46% rally in eight days, Ethereum is down from its $571B all-time high in 2021. Year-to-date, ETH has gained 8.17%, reflecting steady but modest growth.
⚙️ Blockchain Upgrades and Gas Fees
Ethereum’s shift to Proof-of-Stake (PoS) through upgrades like “Dencun” and “Shapella” has improved scalability, decentralization, and security. Gas fees remain low at 9.825 Gwei, supporting increased transaction activity and investor interest.
📊 Price Prediction: $4K or $2K First?
ETH’s rally faces resistance between $3,352 and $3,497. If it holds above $2,886, buying pressure could push it toward $4,000. However, failure to maintain support at $2,829 could lead to a 9% drop to $2,564 or even $2,309 in a bearish scenario.
🔮 Long-Term Outlook
Between 2025 and 2029, Ethereum is expected to recover from its slump, trading between $2,500 and $4,672. By 2050, optimistic forecasts predict ETH could hit six-digit territory, with a potential high of $126,482. Investors should watch for key support levels to gauge short-term trends.
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