Ethereum (ETH) Price Prediction: Binance suspends ETH withdrawal for August 31st

Ethereum (ETH) Price Prediction: Binance suspends ETH withdrawal for August 31st

Ethereum (ETH) Price Prediction: Binance suspends ETH withdrawal for August 31st

Ethereum (ETH) news as of 08/30/2022

This temporary interruption is intended to allow maintenance work on the network.

#Binance will perform portfolio maintenance for the $ ETH network (ERC20) starting August 31, 2022 at 06:30 UTC. The maintenance will take approximately 3 hours and we will notify all users when withdrawals on the #Ethereum network reopen. https://t.co/3EWaeCsZTK

For about 3 hours of clock, it will therefore not be possible to carry out any transaction involving Ethereum. Note that two more suspensions will occur in the next two weeks, at the time of the Bellatrix update on the one hand and the Paris update on the other.

The Ethereum update will trigger the transition to proof of stake. Analysts expect the token’s value to rise with a target of over $ 2,000.

Mid-term Ethereum (ETH) price prediction

Below $ 1700, Ethereum is a good investment. Investors can aim for 2021 highs of around $ 4800.

Ethereum (ETH) Long Term Price Forecast

There is no doubt that Ethereum will appreciate in the long run. With the adoption of the Proof of Stake (PoS) consensus mechanism, Ethereum is becoming more competitive and ETH could rise to $ 10,000 by the end of 2023.

Reviews of the Ethereum project

Ethereum is the richest and most coveted DeFi ecosystem. It is at the heart of blockchain technology and an essential platform.

What affects the value of Ethereum (ETH)?

  • The success or failure of the Merge update.
  • The fluctuations of the Bitcoin.
  • Significant increase or decrease in gas costs (network costs)

What is Ethereum (ETH)?

Ethereum debuted in 2015, at the initiative of eight co-founders, including Vitalik Buterin (considered Inventor at Ethereum Foundation) and Charles Hoskinson (CEO of Cardano Foundation). Ethereum is the name of the blockchain, whileEther (ETH) is the native encryption required to use the network.

Read also Price prediction of 4 cryptocurrencies: Ethereum, Crypto.com, Algorand and Bitcoin

Ethereum is managed and tracked through a decentralized computer network. Its technology has created a new sector of finance: decentralized finance or DeFi, where different actors do not need a central regulator.

How does Ethereum work?

Ethereum is a complete blockchain development platform.

  • Cryptoether (ETH)– You can transfer and receive Eher using a crypto wallet or use it to pay for goods and services from merchants. It is also a listed investment tool on almost all cryptocurrency exchanges.
  • Smart contracts : are a kind of automated programs that can place trades when conditions are met.
  • DApp : Ethereum allows you to create decentralized applications based on the blockchain: games, social networks, trading platform, news site, etc.
  • NFT : Ethereum hosts most of the NFTs created.
  • Challenge : Ethereum has opened the voice to decentralized finance (DeFi): blockchain-protected P2P lending, loan pool, decentralized exchange based on liquidity pool, yield farming, etc.

Useful links to invest in Ethereum (ETH)

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