The recent crypto bull run in the market has put a smile on the face of many digital asset investors and traders. The growth in the price of Bitcoin (BTC), Ethereum (ETH), and other digital currencies in the market has restored the hopes of many investors in the market. While the price of Bitcoin (BTC) was heading for the $9k mark, the price of Ethereum was heading for the $300 mark. This resulted in several bullish Ethereum price prediction 2019, with top analysts giving Ethereum price forecast of $400 in the short-term if the digital currency doesn’t encounter a price correction. The recent growth can’t be attributed to a particular factor, but the recent optimistic Ethereum news has also played its part in the massive surge ETH USD live price.
After a massive price surge yesterday, with some digital currencies such as Bitcoin SV recording gains of more than 100 percent, the market is currently in a correction phase. Most of the coins in the market are now down in the red. Bitcoin (BTC) is now trading close to the $8,200 level. However, Ethereum price today is still strongly supported, proving to be one of the best cryptocurrency to invest in 2019.
Ethereum Price Prediction 2019: Ethereum Breaks Its Record for Total Daily Gas Used – ETH Price Forecast
Ethereum has been doing pretty great over the past couple of months, both in terms of fundamentals and price action. The price of ETH over the past weeks has been really impressive. According to a recent report by the data analytics provider of Ethereum – ETH Gas Station – the blockchain network broke its record for total daily gas used. This happened yesterday after Ethereum tested a new year-to-day (YTD) high. What this means is that the Ethereum network processes a lot of data from countless users. The analytics provider disclosed this via a tweet yesterday.
Yesterday, the Ethereum network broke its record for Total Daily Gas Used. pic.twitter.com/c4ybS3vcoQ
— ETHGasStation (@ETHGasStation) May 30, 2019
with this, it is obvious to see that the interest in Ethereum, as well as the entire digital currency market, is coming back to life. More digital asset investors have returned and Ethereum is one of the most acquired digital currencies. This is because of the recent price trend of Ethereum, the bullish Ethereum price prediction 2019, and the fascinating Ethereum news today and developments.
Ethereum News Today: Ethereum’s Key Fundamental Signs are Flashing Green – Ethereum Price Prediction
Ethereum has a lot of factors that are increasing its interest among digital asset investors, startups, and developers. Recently, the research division of Binance tweeted that most of Ethereum’s other key fundamental signs are showing green. More of the greens were seen in the number of the active Ethereum addresses. According to Binance, the number of active addresses on Ethereum has reached a 10-month high. The daily transactions on the Ethereum network have also gotten to a 12-month high. The market cap of Ethereum is also approaching 8-month highs.
Ethereum (ETH) Price Today – ETH / USD
At the press time, ETH USD live price is $258 after a decrease of about nine percent over the past day. The current market cap of the digital currency is $27.23 billion. The trading volume of the digital currency over the past twenty-four hours is $13.11 billion.