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What Is Ethereum, and What Is ETH Coin?

Ethereum is a blockchain-powered platform operating as a peer-to-peer network on which application codes dubbed smart contracts are executed. Smart contracts and decentralized applications (dApps) created on the platform allow people to transact without an intermediary or central authority. All transactions carried out on the platform are immutable, verifiable, and secure while also providing users with full ownership and visibility of their data.

ETH or Ether is the native currency that powers the Ethereum platform. The digital currency is used to pay for transaction fees on the platform. Therefore, it is often referred to as the currency of Ethereum applications.

Priced at about $2,730 at the time of writing, ETH is the second most valuable cryptocurrency, with a market cap of about $326.14 billion. The cryptocurrency is mined in a process involving sophisticated and powerful computers to solve complex mathematical puzzles using the proof-of-work mechanism. Each correct answer to the puzzle is rewarded with an ETH token. The reward for mining an ETH block currently stands at 4ETH.

Unlike Bitcoin, which has a maximum supply of coins that will ever be in circulation, there is no cap on the total ETH tokens. The current ETH supply stands at 119,665,912 ETH.

The total value of ETH deposited in decentralized finance protocols currently stands at 7.5M tokens, valued at about $20.25 billion.

Should I Buy Ethereum Coin Today: ETH Market Sentiment

Ethereum’s breakout after a recent bounce back from seven-month lows has been thwarted. The cryptocurrency is under immense pressure, having struggled to hold on to gains above the $3,000 a coin level.

After rejection above $3,000 on two trials, ETHUSD is looking increasingly bearish and likely to continue losing value in the short term. That said, now may not be the best time to buy the coin as short-sellers appear to be in control of a development that could see Ether lose more value.

Chart showing ETH sell-off

The chart above shows that ETHUSD is back into the descending channel and is likely to continue posting lower lows. A drop to the $2,100 could be on the cards going by the buildup in short selling pressure.

One of the factors fuelling a sell-off of Ethereum is the fizzling of risk-on mood in the market. Investors and traders are increasingly shunning riskier assets in favor of safe-havens such as gold. The escalating tensions in Europe pitying Russia and Ukraine, which has drawn the US and other superpowers, is a development that continues to weigh heavily on sentiments on riskier assets such as Ethereum.

What Is Ethereum ETH Price Prediction for a Year?

Since the start of the year, Ethereum has been under immense pressure in line with a deep pullback in the broader cryptocurrency market. The coin has shed a significant market value from record highs of $4,800 recorded late last year.

Chart showing ETH 2022 price prediction chart

While the crypto has plunged below $3,000, the initial indication is that the coin could edge higher before year-end. Estimates by a number of analysts on Digitalcoinprice indicate that ETH could average more than $3,000 a coin for the better part of the year. The average ETH price prediction for the year is $3,725 representing a 40% plus gain before year-end.

What Is Ethereum ETH Price Prediction for 2025?

Ethereum blockchains are experiencing increased usage as a preferred platform for smart contracts and decentralized applications. This might explain why ETH has continued to gain value over the years. While ETH has been under pressure in recent months, the long-term outlook is bullish.

Chart showing ETH 2025 price prediction chart

Ethereum ETH price prediction for 2025 indicates that ETH could be worth about $5,594, according to estimates by a majority of crypto analysts. The 100% plus price gain does not come as a surprise given the increased adoption of the Ethereum blockchain. However, analysts at Coinpricepredict have a conservative ETH price prediction of about $3,647 by 2025.

What Is Ethereum ETH Price Prediction for 2030?

Cryptocurrency adoption in the mainstream sector is increasingly gaining momentum. Ethereum is one of the blockchain platforms leading the fray, given the platform increased applications and usage. 

Chart showing ETH 2030 price prediction chart

Therefore, it does not come as a surprise that ETH could be worth about $12,470 by 2030 according to the price forecast on Digitalcoinprice, making it an exciting investment opportunity for long-term investors.

Ethereum ETH FAQ

Will Ethereum coins appreciate in a year?

Ethereum has what it takes to appreciate in one year, given the increased adoption and use of the blockchain platform to power smart contracts and dApps, which continues to fuel demand for Ether.

How much will Ethereum be worth in 5 years?

ETH could be worth more than $5,000 a coin in five years.

Where do I buy ETH?

Ether can be bought in all the leading cryptocurrency exchanges such as Binance, Coinbase, and Kraken.