Make no mistake – Ethereum would never have existed without Bitcoin as a forerunner. That said, Ethereum is ahead of Bitcoin in many ways and represents the bleeding edge of digital currency. Utility trumps speculation in the long run.
Talking about the price action of Ethereum (ETH) there are some key levels that we might want to currently look at – not financial advice.
People invest in Ethereum because they think they can make more gains than Bitcoin. In the recent days, we were able to see a lot of decrease in terms of the price. Currently, there are some bullish scenarios and bearish scenarios. There are two scenarios that are currently unfolding for Ethereum. There is a Golden pocket entry, which is a very important retracement level that you can be accumulating some Ethereum on. After the price touches on the Golden pocket entry 3451 USD, it will be possible to look at higher prices anytime soon. There is a lot of possibility for the price to rise to the next level at 3808 USD, which is the next major level resistance. There will be rejections from the 3808 USD. However, there is good support at 3441 USD for now. The price target for Ethereum (ETH) is expected to be as high as $4,750.
These price levels are unbelievable as the price is still dropping. It just looks like the only true king is volatility.
Aya Miyaguchi stated, the progress that is being made in the Ethereum ecosystem of late is really inspiring. Anytime you are excited by the adoption of proof of stake and a faster, more secure, greener Ethereum, the coming Merge and other big upgrades, or by some of the many applications and solutions that have the power to change diverse industries, it is a great time to be a part of the Ethereum community.
She reinstated on the evolving role of ETH in a holistic manner: “Someone needs to plant seeds, others need to water them. And we take care of the weeds when things block healthy growth in the garden. We care not only about longevity, but also about the health of the Ethereum garden so that Ethereum stays “Ethereum.”
They have launched the Ethereum Foundation Fellowship Program as a pilot project launched by “Next Billion” who are a team at Ethereum Foundation. The Next Billion teach focus on seeking opportunities in emerging economies. The EF Fellowship Program is different from other programs in that it is targeting to create a ripple effect by featuring mentorship, expertise and access to leaders in the Ethereum ecosystem.
