One of the best crypto assets is Ethereum, which is also called ETH, which is the native currency of the platform. The Blockchain world seems to be ruled by algorithms and science-backed cryptocurrencies, have become the talk of the town for decentralized finance (Defi).
Currently, Ethereum (ETH) Price is $4,088.00 with a market capitalization of $483,712,828,435, putting it in a good position in the global cryptocurrency rankings.
History of Ethereum
Vitalik Buterin came up with the idea of Ethereum in 2013. Development of the network began in 2014, with crowdfunders funding the project. It went live on 30 July 2015. Platform users can deploy permanent decentralized applications, with which they can interact, onto it, which are immutable.
Ethereum (ETH) price analysis
Currently, there is a level of resistance at $4,229.24, the next resistance will be $4,287.67, and a strong support level will be $3,992.26 and afterward $3,913.71.
If Ethereum (ETH) Price breaks through this resistance level, the price may retest the current support levels before further descending to the next support level of $3,992.26 . A break of this level may lead Ethereum to move down further to $3,913.71 .
It’s apparent that Ethereum (ETH) Price is likely to move downwards from its current level, with bearish indicators showing. The price of ETH will likely move towards $3,913.71 in the near future.
Ethereum Recent updates
- Payments made with cryptocurrencies will now be accepted by AMC
AMC Entertainment (NYSE:AMC) has finally accepted Bitcoin (BTC), Ethereum (ETH), and other popular altcoins as a form of payment in its stores after months of anticipation. As of today, customers can purchase tickets and other AMC offerings through Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Aron also announced that Dogecoin (DOGE) would soon be integrated.
- NFTs, the coins produced by MyEtherWallet, represent the blocks of Ethereum
ETH Blocks were launched by MyEtherWallet on Thursday, tokenizing individual blocks on the Ethereum blockchain. Imagery associated with each ETH Block is generated based on the block’s data. These NFTs are available for purchase on a subscription basis.