Ethereum price prediction – Justin Sun transferred $50 million to Binance, ETH upside?

Ethereum (ETH) news as of 02/11/2022.

The filing is open to various interpretations. Some analysts believe that the entrepreneur expects a rise in Ether like the last time he transferred large sums of money to Binance, while others see this move as an attempt to artificially initiate a bullish movement.

Justin Sun just transferred 50 million to #Binance.

Did the same thing 7 days ago.

Then, the price of#ETH rose from $1,335 to $1,620, an increase of 22%.

Enjoy 🙃#Ethereum #trading #WhaleAlert pic.twitter.com/NLwfWYGqTJ

– The amateur investor (@lamateur_fou). October 31, 2022

At the time of writing, ETH is trading at $1,554, down 2.6% in 24 hours, and has yet to break through resistance around $1,600.

Ethereum (ETH) medium-term price forecast.

Below $1700, Ethereum is a good investment. Investors can target 2021 highs around $4800.

Ethereum (ETH) long-term price forecast.

There is no doubt that Ethereum will appreciate in value in the long term. With the adoption of the proof-of-stake (PoS) consensus mechanism, Ethereum becomes more competitive and it is quite possible that ETH will rise to $10,000 by the end of 2023.

Ethereum project opinion.

Ethereum is the richest and most coveted DeFi ecosystem. It is at the heart of blockchain technology and is a must-have platform.

What affects the value of Ethereum (ETH)?

• The success or otherwise of the merger upgrade.
• The fluctuations of the Bitcoin.
• Significant increase or decrease in gas costs (network costs).

What is Ethereum (ETH)?

Ethereum made its debut in 2015, started by eight co-founders, among them Vitalik Buterin (considered Inventor at the Ethereum Foundation) and Charles Hoskinson (chief executive officer of Cardano Foundation). Ethereum is the name of the blockchain, while.Ether (ETH) is the native cryptography required to use the network.

Ethereum is managed and tracked through a decentralized computer network. Its technology has created a new sector of finance: the decentralized finance or DeFi, in which the different actors do not need a central regulator.

How does Ethereum work?

Ethereum is a complete blockchain development platform.

• Crypto Ether (ETH)Ether: you can transfer and receive Eher using a cryptocurrency wallet or use it to pay for merchant products and services. It is also an investment instrument listed on almost all cryptocurrency exchanges.
• Smart contracts Smart contracts are a type of automated program that can perform transactions when conditions are met.
• DApp Ethereum enables the creation of decentralized applications based on the blockchain: games, social networks, trading platforms, news websites, etc.
• NFT Ethereum hosts most of the NFTs created.
• DeFi Ethereum has opened the voice of decentralized finance (DeFi): blockchain-secured P2P lending, loan pooling, decentralized exchange based on liquidity pools, yield farming, etc.

Useful links for investing in Ethereum (ETH).