What factors affect ethereum price?

The issuance rate is also affected by a feature known as the “difficulty bomb.” This refers to a mechanism that increases the difficulty of mining on the original Ethereum blockchain (prior to the transition to the proof-of-stake Ethereum 2.0 blockchain. See below).

What is the all time high price of Ethereum?

Ethereum made its debut in the market with a token launch price of $0.31 and reached an astounding all-time high (ATH) above $4,880 in November 2021. During the course of Ethereum’s price trajectory, the market experienced a couple of bull cycles as well as some catastrophic crashes.

How has the price of Ethereum changed in the past 24 hours?

The Ethereum price has risen by 1% in the past 24 hours, with its current level of $1,269 marking a 15.8% rebound since reaching a five-month low of $1,095.18 on Thursday. This low came amid fallout from the FTX collapse, which continues to threaten the market with the possibility of contagion.

What is the expected price of Ethereum in 2024?

Based on the technical analysis by cryptocurrency experts regarding the prices of Ethereum, in 2024, ETH is expected to have the following minimum and maximum prices: about $3,702.06 and $4,391.87, respectively. The average expected trading cost is $3,831.37.