Ethereum (ETH) was launched at 10:26 am Eastern Time on July 30, 2015.The trading price of ETH has surged by 0
- Ethereum (ETH) was launched at 10:26 am Eastern Time on July 30, 2015.
- The trading price of ETH has surged by 0.74% in the past 24 hours.
Ethereum (ETH) is the second largest cryptocurrency by market value and will end its eighth year on July 30th this week. In these eight years, the cryptocurrency has achieved an important milestone, becoming the leading counterfeit currency in the cryptocurrency market. Ethereum is the most active blockchain.
The Ethereum (ETH) blockchain was launched on July 30, 2015 at 10:26 am Eastern Time. The founding team named the first version Frontier. Nowadays, Ethereum is developing an ecosystem with over 1.6 million weekly active users, thousands of communities, and a market value of $226 billion. The entire encryption market is expected to reach a significant level in ETH prices during this extraordinary day of speculation on the eighth anniversary.
ETH Price Analysis: 24 Hour Time Range
As of press release, the trading price of Ethereum was $1876, with a rise of over 0.74% in the past 24 hours. According to CoinMarketCap data, the daily trading volume of ETH has reached 3.6 billion US dollars, a decrease of 10.64%.
The daily price chart shows a neutral price trend, as ETH's current price closes near the 50 day moving average (50EMA) of the index. In addition, according to daily RSI, ETH is neutral and approaching oversold areas.
In 2023, the trading price of Ethereum experienced significant fluctuations. In April, ETH prices broke the $2000 mark for the first time this year. The price rose to $2120 and stayed at the $2000 mark for three days. Then, on July 14th, three months later, ETH hit the $2000 mark for the second time this year, reaching a high of $2028.
For the largest counterfeit currency, this surge is short-lived, with trading prices mostly below $2000 in 2023. If there is a bullish trend in the trading price of ETH, the trading price will reach the latest resistance level of $1917, and even further increase to $2018. If it continues to decline, the downward momentum will bring it back to a low of $1818. However, the encryption community expects ETH to achieve a significant breakthrough for the third time on the occasion of its eighth anniversary.
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