What is expected in the crypto community from the price of Ethereum

Despite the weakening of the digital assets market in the second half of August, many participants in the crypto community believe in the continuation of Ethereum growth.

The forecasts of cryptans on ETH were collected in one review. Here are what levels, according to investors, the second one in terms of capitalization of cryptocurrency is striving.

Ethereum, unlike bitcoin and many altcoins, failed to update the absolute maximum. On August 14, ETH reached $ 4,779, after which the correction began. On this day, the number of investors of the coin in profit reached 98%. Often such changes precede large corrections, since many market participants are in a hurry to fix the profit.

At the time of writing, cryptocurrency is traded at $ 4,249, which is 13.35% lower than the maximum. Recall that the peak of the cost of ETH was recorded on November 16, 2021 at $ 4,891.

There is another obstacle ahead – unlocking a large volume of coins from stakeing. The release of a large batch of ETH can increase the pressure on the cryptocurrency course at the end of the month. The fact is that the owners of many broadcasts, which were previously blocked in stakeing, may hasten to fix the profit through the sale of cryptocurrencies.

Against the backdrop of the expectation of a new wave of ETH sales, criticism of the project intensified on the network. For example, the Simple Mining analyst believes that in the end of the summer of 2025, investors should consider the sale of Ethereum in favor of bitcoin. He claims that due to the transition to Proof of Stake, the centralization of stakeing, dependence on stablecoins, transaction censorship and the complexity of architecture, the project system has become vulnerable and non-viable. Unlike ETH, Bitcoin on Proof of Work, according to the author, is simple, decentralized, stable and reliable, therefore, in the long run, it will retain value, while Ethereum risks becoming a fiat 2.0.

In the meantime, many investors began to get rid of their ETH. Representatives of the crypto industry are afraid of blaming cryptocurrencies in a long -term subsidence. For example, Rekt Fencer sees the prospects for decreasing Ethereum to $ 3,000 by early September. Moreover, after he waits for a rebound of $ 6,400.

Ethereum of $ 6-7 thousand. By the end of the year, the analyst Virtualbacon predicts. It does not exclude the risks of deep drawing ETH. At the same time, the analyst, like many of his colleagues, believes that the fall will follow the long -awaited movement to update the absolute maximum.

Judging by the observations of Arkham, whales also believe in the prospects of long -term growth. Analysts record large ETH purchases against the background of cryptocurrency correction and risks of continuing the drawdown.

Optimists pay attention to the fact that despite the fall, the amount of Ethereum on the exchanges continues to decline. In their opinion, a cryptocurrency deficit will support ETH growth in the long run.

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