The eth price chart is similar to the bitcoin price. In 208 it experienced a drastic increase then decreased in February and March. However, the increase in bitcoin price in 2021 is very high, reaching $ 40,000. Ethereum's price increased slightly from $ 1,200 to $ 1,300. This gives us indication that the rise of ethereum has not yet been at the peak in 2021. The author,s opinion that the price of eth will break $1500 in the following months. Ethereum 2.0 launching will support the price or eth. When more people stake their coin to support the change of eth network from Pow to PoS.
The graph show the rise trend is similar to bitcoin. In the end 2017 and early 2018 the price was about $1200. Today is $1325.
Ethereum 20 effects
Ethereum 2.0 will effect to scarcity of ethereum liquid in the market. People will buy more eth and stake their coin in stake pool. They will also keep eth to sell at the highest price. Though the gas fee of eth is high, many ethereum users still love the coin because the coin has some dapps that are deployed on the network. Defi boom is a kind of dapps that are many on eth network. Besides, eth staking, defi projects cause eth price rise due to eth is made to be collateral asset in some defi projects. More people lock their eth in defi projects.
