Popular cryptocurrency Second to Bitcoin, Ethereum (ETH) is facing many problems to withstand its price since its previous down fall. As per the history of Ethereum we are familiar, it started on a bottom line in the year 2017, than touched the peak giving its hodlers maximum profits twice once in the middle of year of 2017 and than later in the starting of year 2018. Since after that their is a volatility seen in its price continiously falling, but yet the worst is still to come. In April this year, an attempt was made to rise its acceptability among crypto community but the negative trends in the Bitcoin price very soon dragged its price down again. As seen from the last few years in the crypto world, the impact of Bitcoin among the fellow altcoins, there seems to be a very little chance of Ethereum heading back up from these negative market trends affecting the crypto community in whole.
What’s Expected ?
If this development follows through, this market correction is not over yet and will drag on at least for the next few month’s. However, the expected price of Ethereum is assumed to stay around $350 or even in the worst scenario, this could be the last time we are seeing Ethereum (ETH) price in a triple digits. Considering the overall perspectives in the crypto markets and the ongoing advances in the blockchain technology, it is sensible to expect that Ethereum (ETH) will continue to attract new projects on the Ethereum blockchain.
Large Multi-National Corporations like Microsoft, eBay and Amazon etc are already part of the Ethereum Enterprise Alliance and it is only a matter of time before they start using Ethereum (ETH) in one or the other way. Blockchain technology is the future and most of these large corporations are now light years behind projects like Ethereum (ETH). They simply cannot afford to experiment with their own blockchains at this stage. In order to remain competitive, most of these corporations like Microsoft or eBay have to use existing blockchain technologies like Ethereum (ETH) as they have been already tested and proven. Once these corporations start using Ethereum (ETH), prices can be expected to rise exceptionally.
Ethereum Better Future Yet To Arrive
Most blockchain addicts often mention how this technology is bigger than the internet. Four years back, it would not have made much sense to many of us because we did not truly know what was possible. Today, we know what is possible and can see what is going to follow in the months and years ahead. The way cryptocurrencies and blockchain technology is bigger than the internet is that blockchain tokens or cryptocurrencies are not just like stocks issued by companies. They could be also like currencies issued by governments and central banks. So, blockchain technology is targeting five trillion USD markets, stocks and forex. Ethereum (ETH) being the largest smart contracts platform and a convenient mode of payment will be at the forefront of this disruption. The price of Ethereum (ETH) is yet to find a bottom against Bitcoin (BTC). It is expected to touch the support line in the weeks ahead. This means that Ethereum (ETH), along with the rest of the market can be expected to complete its correction around the middle of July, after which a reversal can be expected.