Ethereum Price Prediction As ETH Addresses Surpass 100 Million On The Blockchain

Ethereum price is still trading below all the key bull market indicators despite Bitcoin's rally to $30,000 this week. The second-largest cryptocurrency is trading below its $1,600 support/resistance on Thursday and might need to drop further to sweep through fresh liquidity preferably at $1,500 and build the momentum for a rebound.

Timeline of Ethereum

3iQ, Canada's first Bitcoin (BTC) fund issuer, revealed that its Ethereum-based (ETH) exchange-traded funds (ETF), The Ether Fund and the 3iQ Ether Fund, will begin staking their ETH holdings for rewards, according to an Oct. 19 statement.

Vitalik Buterin has dismissed reports that he recently sold his crypto holdings and claimed to have not “sold ether for personal gain since 2018.” Buterin suggested to his followers that the reports often mistake his transfer of digital assets to charitable organizations as sales of his digital assets.

Ethereum co-founder, Vitalik Buterin, has denied selling any Ethereum (ETH) for personal gain since 2018. In a Tuesday statement made on the decentralized social network Warpcast, Buterin addressed concerns about his recent cryptocurrency wallet activities, assuring his followers that the transactions were primarily related to charitable donations and covering expenses rather than personal profit.

Ripple Labs Inc. CTO David Schwartz has posed a thought-provoking question to the United States Securities and Exchange Commission (SEC) over the security status of Ethereum (ETH).

In a move to dispel rumors and speculations surrounding his recent Ethereum (ETH) transfers, Vitalik Buterin, the renowned founder of the Ethereum blockchain, took to social media to address the growing concerns of the crypto community.

Cardano founder Charles Hoskinson recently fired back at allegations surrounding the ETHGate scandal. For those out of the loop, this scandal purports that members of the Ethereum community allegedly bribed U.S. regulatory officials.

Ryan Sean Adams, one of the most vocal advocates for Ethereum, playfully opined that Ethereum's value dropping below the price of McDonald's would serve as the "ultimate bottom signal."

Ethereum's (ETH) value has experienced another decline this week, dropping to $1,557. This represents a 5% decline over the course of a week that has generally seen negative trends in the cryptocurrency market.

A closely followed crypto analyst says that traders may be underestimating Solana's (SOL) potential in the next bull market. In a new strategy session, the host of InvestAnswers says that his base-case thesis for SOL is that it should reach 10% of Ethereum's (ETH) market cap during the next market expansion.

ETH's net issuance has been rising after bouncing from its 3-month low. The net issuance surged as high as 0.50%, which is not only the highest recorded during that period but also higher than Bitcoin.