There are high expectations that Ethereum’s price will rise. Especially a few days before the London hard-fork pushed investors to buy. Of course, this demand is not at the level it should be. The bitcoin movement is affecting the entire market, and it is lowering the price of Ethereum.
Ethereum has suffered serious losses since the big drop. The price, which was supposed to break out of the ATH point suddenly, remained below $3,000 for several weeks. However, it quickly surpassed $4,000 at every opportunity.
Ethereum data over the last seven years
Data from the past year allows investors to understand extremely important issues in the cryptocurrency markets. Consistently certain results are achieved by comparing past years. Recurring and unbreakable rules can give us insight into Ethereum (ETH) for 2022.
Remember what lows the Ethereum price has reached in the last seven years. Exactly seven years ago, the cost of Ethereum dropped to a low of $0.42. That bottom was updated to $0.93 exactly one year later, in 2016. In other words, the price increased by + 100% in 1 year.
However, in subsequent years, the price did not significantly worsen this stability. Etherium set $7.98 as a new low in 2017. This means that a person who bought from the bottom in 2015 made a profit of 1900%, even though they sold at the bottom exactly two years later.
This series didn’t deteriorate in 2018, and the price has risen ten times the bottom price. Ethereum hit a low of $80.07 in 2018. If you notice, the lower level has risen every year. This streak continued in 2019, with Ethereum reaching a bottom level of $102. Despite challenging market conditions, a good bottom was reached.
Ethereum has risen more than 50 times in 3 years from the 2015 bottom and has not caused any losses to early investors even as it has fallen. The current price pullback does not affect early Ethereum investors. That’s why you need to be an early-stage investor. All you need to do is set long-term investment goals in solid projects without wasting time.
Ethereum Forecast for 2022
Yes, Ethereum (ETH) has fallen to $720 this year. So even if you invested at the beginning of the year, you would have almost 600% profit today. But if you bought at the ATH point, that means you should wait. What happens next year? At worst, Ethereum will set $700 as a new bottom. But in general, if the recurring price cycle continues, it should rise from the bottom 5-17 times. In this case, the Ethereum (ETH) price of $3,500 to $1,240 would suit us.
None of the comments on the news stories contain investment advice. It would help if you decided about your investments by doing your research.
Right now, Ethereum is selling for $4,000. As early as tomorrow, its price could be either higher or lower. The market is very volatile. But now, we can see a rise in investor interest in cryptocurrency. Bitcoin recently set a new all-time high of $69,000. And there is reason to believe that this is far from the limit.
Altcoins have also followed Bitcoin (BTC). Ethereum (ETH) is no exception. If you think the price of Ethereum is too high to buy now, you can wait for its correction.