• Ethereum (ETH) is the native cryptocurrency of Ethereum, an open-source blockchain platform.
• ETH price prediction 2023 is bullish with a price range of $1805.26-$2109.79, and possibly reaching $2500 soon.
• Ethereum will transition to Proof-of-Stake consensus through The Merge upgrade in September 15th.
What is Ethereum (ETH)?
Ethereum (ETH), known as Ether, is the native cryptocurrency of Ethereum. Ethereum is an open-source blockchain platform that revolutionized the blockchain and DeFi sector by the introduction of smart contracts. This second-generation blockchain was launched in 2015. Its native crypto coin, ether (ETH) was launched through an initial coin offering (ICO) in August 2014. The entire Ethereum network is fueled by Ether (ETH). The blueprint of the Ethereum network was first released in its whitepaper in 2013 by Ethereum Co-founder Vitalik Buterin. Since its launch, the blockchain-based software platform functions as a potential launchpad for several other crypto tokens, DeFi protocols, and numerous decentralized applications (dApps). Thus, Ethereum is regarded as the “world computer.” The smart contracts are coded programs that execute autonomously with pre-defined conditions on Ethereum. These smart contracts are deployed and executed via the Ethereum Vending Machine (EVM).
Current Market Status
Ethereum (ETH) Current Market Status:
• Current Price: $33,752,880,169
• 24 – Hour Trading Volume: 0.8% down
• Circulating Supply: 120,455,399
• All – Time High :$4,878.26(On November 10 2021)
Ethereum (ETH) Price Prediction 2023
In Ethereum (ETH) price prediction 2023 , we use statistics ,price patterns , RSI , RVOL ,and other information about ETH to analyze future movement of cryptocurrency .
The Merge Upgrade
Ethereum will transition to the Proof-of-Stake(PoS ) consensus through The Merge upgrade . Initially ,the ethereum network was built on high energy intensive proof–of–work( PoW ) since its launch .From 2020 ,the ethereum developers have begun preparing for PoW to PoS transition .The Merge upgrade set for September 15th After this transition ,the Ether( ETH ) which was an inflationary token will convert into deflationary token .