In this article, we’ll examine what we can expect for the Ethereum price in July 2021. Ethereum has been around for six years, but it’s still in the middle of an upgrade cycle. Its network is transitioning from a proof-of-work consensus algorithm to a proof-of-stake one. The first upgrade to the network was the Beacon Chain, which brought staking to Ethereum. In December 2020, the network will upgrade to a proof-of-stake consensus algorithm. Ethereum’s price will likely increase following this upgrade.
I’m looking for a bullish turn this fall. The coin has fallen over 60% from its all-time high of $4,362 on May 12th. The next upgrade is expected to change this price prediction. If you’re interested in knowing how the Ethereum market will react to the upgrade, here’s a good prediction: it could fall to $800 USD by the end of June, then rise to $4200 USD. This is a difficult prediction, but it’s worth a try!
ETH is the mother of the crypto market. It developed much of the technology that crypto enthusiasts use. As long as the crypto market continues to grow, ETH will go up. That’s why so many investors believe in it over the long term. It’s still early to say, but many investors are betting that ETH will hit the $1,400 mark by July 2021. And many others believe that it will continue to climb, so I suggest looking at it as an investment opportunity.