Ethereum surges 10% within 24 hours, what is next?

Amid the recovery phase of the crypto market, Ethereum showed a significant increment in its price.

At the time of writing this article, the price of Ethereum is $1,350 and this price is 8% higher over the last 24 hours trade price.

In the last 24 hours, the price of Ethereum surged from $1,237 to approx $1,400. And it was very likely to happen, according to popular crypto analyst Michaël van de Poppe. 

On 12 July, Crypto analyst Van de Poppe shared his prediction on Ethereum with his 616,200 followers on Twitter. He predicted that the ETH coin is looking toward $950 at a maximum low. At the same time he predicted that if it will cross the $1,140 price then it may touch $1,400 to $1,500. 

Now crypto Investors are thinking that Ethereum may further pump and touch the maximum price of around $1,500. However, here it should not be taken as financial advice but still, we can estimate the same on behalf of the current development works in the Ethereum ecosystem.

Here in this latest sudden small pump phase, we should not forget the last 2 months’ situation of the crypto industry, where many leading crypto companies faced a downturn. 

Ethereum plans to shift on Proof-of-stake Consensus

According to experts’ point of view, this year Ethereum may change the whole game of competition in the crypto industry because of its development work to shift the Ethereum blockchain from Proof-of-work to Proof-of-stake Consensus. 

The developer team behind Ethereum is working step by step to ensure that everything is fine and everything will happen smoothly. These development works are big reasons to show a significant pump in the price of Ethereum (ETH). 

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