• Ethereum (ETH) went live on July 30, 2015 and is about to complete its eighth year this week.
• In April, the ETH price reached the $2K mark for the first time this year and then again on July 14.
• The crypto market is expecting the ETH price to hit a significant mark on its eighth anniversary.
Ethereum (ETH): 8th Anniversary Milestone
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has achieved many milestones in its eight years since going live on July 30, 2015, at 10.26 a.m. EST. Today, Ethereum has an ecosystem with over 1.6 million weekly active users, thousands of communities, and a $226 billion market cap. The entire crypto market is expecting Ethereum’s trading price to hit a significant mark on this remarkable day as it celebrates its eighth anniversary.
Ethereum (ETH) Price Analysis
At the time of writing, the trading price of Ethereum is $1,876 with an increase of over 0.74% in last 24 hours and a daily trading volume of $3.6 billion experiencing a decline of 10.64%. According to the daily RSI chart for ETH, it is neutral and inching closer to the oversold zone while closing near its 50-day exponential moving average (50 EMA).
2023 Performance
The trading price of Ethereum has had various ups and downs in 2023 so far with ETH hitting the $2K mark twice this year since April: firstly for three days then again on July 14 when it made a high of $2028 before declining back down below $2K again.
What Will Happen Next?
If Ethereum experiences bullish momentum then its current trading price will reach nearest resistance level at $1917 or even further up to $2018; however if it continues to decline then it could go back down towards its low at$1818 or below that depending upon market conditions . With all eyes set firmly on ETH’s 8th anniversary there are hopes that we may see further gains as investors specualte whether or not ETH will make another attempt at surpassing that magic 2k number once more!
Conclusion
It remains to be seen what will happen next for Ethereum but one thing is certain – no matter what direction ETH’s price takes investors are sure to be watching closely as we await what could be another historic milestone achievement for one of cryptos most influential altcoins!