Ethereum (ETH) price analysis shows promising forecast
Ethereum (ETH) currently trades at $182.35 and has grown by 7.17% today. ETH went up $12 from the previous closing price of $170.26. The high forecast for Ethereum is $1000 and the low is $400. The company’s market cap is $20.24 billion with a 52 week high of $361.40 and a 52 week low of $95.18. ETH has changed in price by -3.26 per share in the last 12 months.
There are two aspects to Ethereum. There is the network, which functions as an open source, blockchain based platform calibrated for the creation of decentralized smart contracts, and an operating system. Like transaction based state transitions, the Ethereum network is a modified version of the Nakamoto consensus. Then there is Ether the cryptocurrency, which exists on the Ethereum blockchain. Ether the token is transferrable across accounts on the Ethereum blockchain, and is used to accommodate participant mining nodes for performing proof-of-work.