Ethereum price prediction 2020
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Ethereum Update May 2020

1 Ethereum for 750$ is that realistic?

Ethereum (ETH) is still struggling with the $ 200 mark, but one analyst believes that ETH is facing a massive upward move.

Josh olszewicz twitter carpenoctom
Josh olszewicz twitter carpenoctom

Crypto analyst Josh Olszewicz refers to Ethereum’s (ETH) market constellation, which could lead to up to $ 750 in the coming months.
To do this, Ethereum would have to find its way through the current resistance in the Ichimoku Cloud.

Chart with the Ichimoku Cloud
Chart with the Ichimoku Cloud

The Ichimoku Cloud combines several technical indicators in one chart. Specifically, it is about moving averages, which are divided into 26 different sections, which are then projected into the future.

But not only in terms of chart technology, Ethereum (ETH) remains exciting, the second-largest cryptocurrency is also facing a fundamental change in the coming months.

Ethereum 2.0 in July?

In the previous week, CoinDesk had referred to statements from Ethereum co-founder Vitalik Buterin that Ethereum 2.0 (Eth2) is on course and will probably come in July. This report has since been revised after Buterin appears to have been misunderstood. There is no specific release date for Eth2 yet, but Buterin remains with his presentation that Ethereum (ETH) is still on the right track. I expect Ethereum 2.0 to come in the second half of 2020.

Coindesk Article

What is so uplifting about Ethereum 2.0?

Much more important than the question of “when 2.0???” is that Ethereum (ETH) can switch from Proof of Work (PoW) to Proof of Stake (PoS) without major technical problems. Because with the introduction of Ethereum 2.0 and the staking mechanism, the coin inflation is in the same range as Bitcoin (BTC) and gold.

As outlined in the Ethereum white paper, this should show the ETH supply growth rate trend towards zero over time.

Graph about Ethereum ETH long term inflation rate in %
Ethereum ETH long term coin inflation rate in %

I also expect positive effects from the switch to staking. This means that Ethereum users must have at least 32 ethers (ETH) in their wallet to participate in the staking process.

Can I stake with less than 32 ETH?

You Can Stake your ETH on websites like Rocketpool.net (not sponsored)

Rocketpool.net decentralised ethereum proof of stake network

Rocketpool offers ethereum staking services for individuals and businesses.

Use rocketpool to earn rewards on your ether for a fixed term of 3, 6 or 12 months.

Use rocketpool to stake ether on your own node in the network and earn a higher return.

Do you run a group or business that would like to offer staking services?

Than visit Rocketpool.net and leave them a message.

Last words:

However, I believe that a price target of $ 750 for Ethereum (ETH) in the next few months is unrealistic. It is not yet completely certain whether Ethereum 2.0 will really come in the next few months.

Ethereum ETH supply etherscan.io
Ethereum ETH supply etherscan.io

In addition, over 111 million ethers are already in circulation.(picture above)

To trigger such a sharp price increase, it would need much more capital to flow into Ethereum this is rather unlikely in the current macroeconomic environment (corona crisis, recession).

ETH 2.0 and its staking system makes Ethereum stronger.
This not only applies to the efficiency and costs in the network, it should also make Ether more into a store of value.

Therefore, I expect higher ETH prices again in the second half of 2020.

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wallet address: 0xBfB53fDea0bcdc064B6D5d366a790ac170225e45