Ethereum Price Prediction September 2022

Quoted from the page CoinMarketCap, they paid attention to the Ethereum (ETH) price and estimated that on September 30, 2022, after the merger, the Ethereum price prediction could pass $2,000 or could touch 30 million rupiah.

Investors are excited about the updated Ethereum network verification test, which will transition from proof of work (PoW) to proof of stake (Post). Due to this update, investors are now trying to make Ethereum price predictions in the future.

One such prediction comes from the CoinMarketCap crypto community. Taking advantage of the platform's pricing strategy, the CoinMarketCap community creates forecasts for ETH.

According to their estimates, the price of Ethereum will reach the level of US$2.102 on September 30, 2022. This increase will be the value of the price of $1.261 at the time of writing.

Ethereum Price Prediction Can Reach 70 Million Rupiah

Most investors had expected prices to increase the most after $5,000 (about 70 million rupiah). This situation is caused by TheMerges which has been long awaited and has already been released.

As of September 22 2022 at 10.23 WIB, it can be seen that the price of ETH is at the level of $1.261 and continues to rise, reaching a price of around $1.500 or IDR 30 million.

But for now, it looks like the night doji star pattern is starting to form on the daily chart because of the red candle at the beginning of the week. If the movement continues, it is likely that ETH could decline and exit its appreciating movement since the end of September 2022. 

If it goes down, it is possible that ETH can return to the area around $1.200 and $1.150 or around IDR 20.7 million and IDR 22.3 million. Even so, the prediction that ETH will penetrate the price of IDR 75 million may still come true, but in the long term. 

If you look at the monthly chart, ETH is currently trying to break out of its depreciation zone, which could be a positive sign. It is possible that if the price continues to rise above $1,993 or IDR 29.5 million, Ethereum has the opportunity to increase to IDR 75 million in the next few months.

While the effect appears to be positive for the price of Ethereum, it is important to remember that this upside is still uncertain, partly due to negative macroeconomic factors. ETH's lower potential should be due to the release of inflation data in America.

Given the negative relationship between the US dollar and crypto where if the US dollar goes up, crypto goes down, it is possible that ETH will also fall in the near future.

Also read: Best Crypto Trading Platform, Must Know!

About Ethereum (ETH)

Ethereum is a public blockchain, which has its own crypto asset called Ether, or Ethereum. Bitcoin keeps a register of balances and transactions on its blockchain, whereas the Ethereum blockchain is designed to store different types of data.

This data can be accessed through computer programs running on the Ethereum blockchain. These programs are called dApps or dApps. Simply put, Ethereum should become the world's computer.

Ethereum aims to take advantage of the decentralized, secure, and open nature of blockchain and bring it to anything that can be computed.

Also read: 5 Beginner's Ways to Play Crypto to Keep Making Money

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