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Ether price flirts with $2,400 ATH as irreversible hard fork looms


14 Apr 2021   #Ethereum

New all-time highs are being witnessed all over the cryptocurrency market, and Ether is no exception. Led by Bitcoin’s (BTC) ascent to a new all-time high, along with much of the wider cryptocurrency market, Ether (ETH) continues to push new all-time highs on Wednesday as the coin price flirted with the $2,400 range for the first time.

The Ethereum network is scheduled to undergo an update in the next day or so when the blockchain reaches block number 12,244,000. The blockchain was at block number 12,237,070 at time of publication. Based on current average block times of 14 seconds, the update is poised to land on April 15, at around 12:00 PM (UTC+1). The update — dubbed “Berlin” — will introduce several technical changes, all aimed at making the network more cost efficient.

The Ether coin price peaked at $2,397 on numerous exchanges on April 14, according to aggregator data from CoinMarketCap, following a 10.8% growth surge over 24 hours. Ether’s growth for the week stands at 22.4%, while the coin price is now up 110% for the quarter — a figure that would be more notable under less explosive circumstances in the altcoin market of late.

The Berlin update will be rolled out in the form of a hard fork — an irreversible change to the protocol of a blockchain. The hard fork is non-contentious, meaning no ideological differences in the community will lead to the formation of a new coin — as was the case with Ether and Ethereum Classic (ETC) in 2016.

Anyone holding Ether in wallets or on exchanges will be unaffected by the hard fork, however, miners and Ethereum node operators will have to update their software to synchronize with the latest version of the chain. Data from EtherNodes.org shows that 72% of Ethereum software clients have achieved Berlin-ready status in anticipation of the hard fork. Speculation surrounding Ether’s potential price movements in the short term has ranged from tremendously optimistic (and definitely “not crazy”), to conservative and measured.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 82.8% 27 $41 899.34 -4.94% -11.36% $788 750 305 790 $40 244 099 648
2 Ethereum (ETH) ETH Ethereum predictions 72.8% 49 $2 868.68 -7.93% -16.93% $337 514 704 145 $23 836 267 851
3 Cardano (ADA) ADA Cardano predictions 64.8% 78 $2.21 -1.36% -6.44% $70 707 217 846 $5 577 909 016
4 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000855 0.04% 0.07% $68 651 337 758 $88 907 999 368
5 Binance Coin (BNB) BNB Binance Coin predictions 63.2% 78 $346.29 -8.40% -15.35% $58 223 895 709 $1 982 362 470
6 XRP (XRP) XRP XRP predictions 73.2% 48 $0.923671 -6.99% -12.99% $43 151 752 355 $4 555 191 572
7 Solana (SOL) SOL Solana predictions 60.4% 83 $136.79 -7.38% -1.67% $40 664 437 987 $3 870 822 815
8 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000356 0.04% 0.03% $30 321 351 717 $3 755 736 180
9 Polkadot (DOT) DOT Polkadot predictions 66% 74 $30.15 -4.22% -10.16% $29 779 247 306 $3 578 542 275
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 78 $0.206773 -7.12% -14.09% $27 173 987 970 $2 153 623 197
11 Avalanche (AVAX) AVAX Avalanche predictions 61.2% 82 $73.10 -4.94% 10.67% $16 103 697 591 $2 305 680 733
12 Terra (LUNA) LUNA Terra predictions 68% 61 $35.07 -0.28% 0.60% $14 030 135 734 $2 246 791 189
13 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $1.000247 0.03% 0.01% $13 471 537 116 $6 682 279 999
14 UniSwap (UNI) UNI UniSwap predictions 62% 74 $19.30 -10.07% -21.54% $11 806 392 734 $434 612 988
15 Algorand (ALGO) ALGO Algorand predictions 55.6% 89 $1.80 -8.40% -10.75% $10 273 694 698 $980 104 254

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