Recent eth coin news has been mixed. While the ethereum token has been relatively stable in recent weeks, most other cryptocurrencies have plummeted in price. The recent stability is partly due to the resiliency of long-term holders, but inflation reports, Federal Reserve meetings, and the midterm elections could all affect ethereum prices.
Ethereum’s network is designed to be very fast, which makes it perfect for processing transactions. Transactions are completed within seconds, significantly faster than Bitcoin. Ethereum is a very advanced digital currency and is categorized as a Crypto 2.0 technology. In addition to its advanced features, it also has a thriving community.
In July, Ether’s price activity surpassed Bitcoin’s, which indicates that the positive sentiment has spread to other crypto markets. Moreover, Ethereum Foundation announced that Goerli would merge with Ethereum’s testnet. The merger is expected to happen between 6 and 12 August. Despite the positive news for ETH, the coin price has plunged in the first half of 2018. The fall of TerraUSD led to bearish sentiment in the market, with ETH price falling sharply.
Although ethereum’s price is steadily declining, many experts remain bullish on the future of the cryptocurrency. In fact, many analysts believe that ethereum’s price could hit $12,000 this year. Regardless of what happens, however, it is important to note that ethereum price volatility will likely continue for quite some time to come.