- Bullish Ethereum (ETH) price prediction ranges from $4,750 to $5,200.
- Analysis suggests that the Ethereum price might reach above $5,000.
- The Ethereum bearish market price prediction for 2024 is $2,000.
What is Ethereum (ETH)?
Ethereum is a decentralized open-source blockchain ecosystem that has its own cryptocurrency Ether. ETH is a versatile platform that supports numerous other cryptocurrencies, it could be used for the execution of decentralized smart contracts.
Ethereum (ETH) was launched in July 2015 by co-founders Vitalik Buterin, Gavin Wood, Charles Hoskinson, and others. Investors can carry out transactions within the blockchain by paying fees with the Ether (ETH) used to reward Ethereum miners for keeping the blockchain active.
The number of transactions per second (TPS) within the Ethereum blockchain is 30. Ethereum developers are committed to ensuring that Ethereum 2.0 is released soon. This will solve the scalability challenge in the Ethereum blockchain. Once Ethereum 2.0 is released, the transaction per second will be over 10,000.
The launch of the Ethereum blockchain has enabled creators to earn online and empowers users to interact…
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