The price of Ethereum is very low again
The price of Ethereum is very low again
Exchange

The price of Ethereum is very low again

By Marco Cavicchioli - 27 Sep 2022

Chevron down
Listen this article
download

After the Merge on 15 September, the price of ETH (Ethereum) is back down. 

Ethereum’s price before and after the Merge

Starting in the second half of July it had begun to rise, probably just ahead of the Merge, exceeding $2,000 in mid-August. It later fell to just above $1,400, but in the weeks before the Merge had climbed back up to nearly $1,800. 

It is worth noting that during 2022 it had also fallen below $1,000 in June, so summer prices were relatively high compared to annual lows. 

As soon as the Merge occurred, however, the price went back down, to almost $1,200 on 22 September. Since then it has been hovering around $1,300, which is a price only 30% above the annual low

This is 73% below the all-time high of nearly $4,900 touched in November last year, so in the long run the current one should be considered a decidedly low level. 

It is enough to consider that it is in line with that of February 2021, which was before the speculative bubble of last year began to inflate. It is also a level in line with the peak of the previous cycle, namely the approximately $1,400 touched in January 2018. 

Invest in ETH with CryptoSmart

If you are looking for a solution to invest in ETH and other cryptocurrencies safely, you can do so through CryptoSmart, the first all-Italian cryptocurrency exchange. Visit the official website cryptosmart.it to learn about its offerings and services.

Over the years, while following Bitcoin’s halving cycle, Ethereum’s price has alternated between periods of great growth and periods of great decline. 

For example, after touching the previous all-time high at $1,400 the price during 2018 fell as low as $100, only to recover from mid-2020 with a series of remarkable rises. First it went back up to $400, then in early 2021 it even surpassed $1,000, and later in May it also exceeded $4,000

Something like this could also happen in the current cycle, which conventionally starts in May 2020, i.e. when Bitcoin’s third halving occurred. The fourth is expected in the spring of 2024. 

It is worth noting that in the previous cycle, the lowest price was touched in December of the year following the speculative bubble, after a drop of more than 90% from the previous highs. 

During the current cycle, it has not yet hit -90% from the highs, although 2022, the year after the bubble year, has yet to end. 

Those who bought ETH in late 2018 may have gained 4,800% if they had then resold in November 2021, and if something similar were to occur in the current cycle as well, the last months of 2022 could prove just as interesting. 

Moreover, now that it has switched to PoS, the next few years could also prove to be very interesting from the point of view of technological development, with a rather decent potential. 

Thus on the one hand, the current price of ETH seems decidedly low, while on the other, it is possible that in the coming months or years a new upward cycle similar to that of 2020/2021 will be triggered. 

CryptoSmart, the crypto exchange made in Italy

CryptoSmart, unlike the many different exchange platforms where one does not know who is behind it, is a company under Italian law, regulated by Italian laws, based in Perugia, Umbria.

It is registered with the appropriate OAM register of digital currency operators, so much so that it allows Italians who hold their cryptocurrencies on this platform to avoid having to specify them on their tax returns

CryptoSmart allows its customers to buy, sell, deposit cryptocurrencies or other digital assets. There are no middlemen, no one pushes to sell products or advertise. The customer has total independence and autonomy.

With a simple bank transfer, users can purchase cryptocurrencies and digital assets such as: Bitcoin, Ethereum, Dogecoin, Cardano, Polkadot and Litecoin.

The customer can also deposit into CryptoSmart cryptocurrencies he already owns on another Exchange platform or account.

On the CryptoSmart platform, cryptocurrencies can be bought/sold; deposits can be converted to euros or cryptocurrencies and similarly can be withdrawn at any time through a bank transfer or by receiving cryptocurrencies.

To learn about the offer and services provided, visit the official website

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.