Ethereum (ETH) Price 2024: Any Changes? Check Now!

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Bittime - Ethereum is known as a blockchain platform that supports smart contracts and dApps, it has become one of the most important crypto assets on the market. This article will presentEthereum (ETH) Price 2024in depth. Let's take a look!

What is Ethereum (ETH)?

Ethereum (ETH) is a decentralized and open-source blockchain platform that enables developers to build and run decentralized applications ( dApps ).

The platform also has a native cryptocurrency called Ether (ETH), which is used to pay transaction fees and run applications on the Ethereum network.

Here are some important points about Ethereum

• Launched in 2015 , Ethereum is one of the oldest and most established blockchain platforms.
• Ethereum uses smart contracts , which is code that runs on the blockchain and allows automatic transactions without intermediaries.
• Ethereum is a versatile platform that can be used for a wide variety of applications, including decentralized finance (DeFi), blockchain gaming, and non-fungible tokens (NFTs).
• ETH is the second largest cryptocurrency by market capitalization .

Also read: Increased interest in ETH staking marks spike in Ethereum's three-year peak

Ethereum (ETH) Price Prediction 2024

Based on data from CoinMarketCap and CoinGecko, the following is the 2024 Ethereum (ETH) price prediction in IDR taking into account various factors:

Bullish Forecast

• Highest Price: IDR 80,000,000 - IDR 100,000,000
• Supporting factors:
  • Successful implementation of The Merge, improving Ethereum's scalability and efficiency.
  • Increasing adoption of ETH in various sectors, such as DeFi, NFT, and Metaverse.
  • Global economic growth and stable inflation.
  • Positive sentiment from institutional investors and the public.

Bearish Forecast

• Lowest Price: IDR 25,000,000 - IDR 35,000,000
• Supporting factors:
  • Delay of The Merge or failure to implement it.
  • Strict crypto regulations from governments in various countries.
  • Global economic crisis and high inflation.
  • Negative sentiment from institutional investors and the public.
  • Competition from other blockchain platforms.

Neutral Forecast

• Price Range: IDR 40,000,000 - IDR 60,000,000
• Supporting factors:
  • Balance between bullish and bearish factors.
  • Steady and sustainable development of Ethereum.
  • Moderate adoption of ETH in various sectors.
  • Investor sentiment is mixed.

Also Read How to Buy Crypto:

Factors Affecting ETH Price

• The Merge: Implementation of The Merge will improve Ethereum's scalability and efficiency, which may drive price increases.
• ETH Adoption: The more applications and platforms that use ETH, the higher the demand and price.
• Global Economy: Global economic conditions and inflation may influence investor sentiment towards ETH.
• Crypto Regulations: Strict crypto regulations may hinder the growth of the ETH market.
• Competition: Competition from other blockchain platforms may impact ETH's market share.
• Investor Sentiment: Positive sentiment from institutional investors and the public can drive the price of ETH higher.

Ethereum (ETH) Price Today

Source: Bittime

Based on today's Bittime market, the price of ETH was observed to have increased 0.94 percent in the last 24 hours. Currently the price of ETH to IDR is IDR 50,982,250.

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Conclusion

Ethereum is an innovative and versatile blockchain platform with a lot of potential. The platform has been used to build a wide variety of interesting applications, and the Ethereum developer community continues to grow.

However, Ethereum still has some shortcomings, such as scalability and complexity issues. Nonetheless, Ethereum is an important blockchain platform with a bright future.

How to Buy Ethereum (ETH) on Bittime

You can buy and sell Ethereum (ETH) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Ethereum (ETH) is available on Bittime with the market pair ETH/IDR . To be able to buy ETH IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy COIN NAME (TICKER) on Bittime . 

Monitor price chart movements for Ethereum (ETH) , Bitcoin (BTC) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.

significant from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.