Ethereum (ETH) is a decentralized, open platform built on blockchain technology. It allows developers to create and deploy smart contracts and decentralized applications (DApps). Launched in 2015 by Vitalik Buterin, it uses its own cryptocurrency, Ether (ETH), to pay for transactions and computational services. The main strength of Ethereum lies in its ability to facilitate the creation of programmable contracts and applications that operate autonomously, free from censorship, fraud, or third-party interference. Since its launch, Ethereum has become the backbone for a multitude of innovative advancements, including decentralized finance (DeFi), non-fungible tokens (NFTs), and a wide range of other applications, solidifying its position as critical infrastructure in the blockchain ecosystem. Its consensus algorithm is Proof of Stake (PoS).
According to analytical forecasts, the price of ETH may reach 3,525.79 USD by the end of 2025, and it is expected to be 6,554.06 USD by the end of 2029.
Based on technical analysis indicators, the recommendation for the D1 (daily) timeframe is to Buy, and for the W1 (weekly) timeframe is to Buy.