The price of Ethereum continues to maintain its upward trend in the short term. This makes us wonder if it will be able to effectively break through the $250 barrier. To find an answer, we have conducted the ETH analysis below.
Ethereum Fundamental Analysis
One of the main reasons for the success of the Ethereum network is the unlimited development environment. Where all participants can contribute to its growth, and even use it as a basis for solving needs totally unrelated to the project itself, through the development of decentralized applications.
Thanks to this ecosystem, today its network has the most active users among the altcoins, according to the FCAS metric, acronym for Fundamental Crypto Asset Score, provided by Flipside. This metric measures user activity, asset maturity, and development activity in more than 450 crypto projects.
The massive dApp development environment that the ETH network has, despite being a great indicator of growth, is also a problem at the same time. Since it increases the stress of the network, and tests one of the most important challenges of the Blockchain, the scalability.
However, being Ethereum the 2nd largest crypt currency in the world, the developers are fully aware of that, and are in favor of increasing the capacity of the chain.
Ethereum is the most popular platform to use Bitcoin outside your Blockchain
Road to Serenity
Since 2018, a network upgrade has been in progress, known as Serenity. The main purpose is to move to a validated Blockchain with Test of Participation, a much more scalable model.
Although there is no fixed date for the launch yet, it is well known that it is getting closer to reality, which continues to attract investment interest in cryptomonics.
Interest in Ethereum increases
As it has been repeatedly mentioned, investment interest by large institutions is increasing in the crypto market, and it is not only Bitcoin that they are buying.
More than 22% of one of the most important crypto funds, managed by the firm Grayscale, corresponds to investments in ETH. The increase in these large investments will undoubtedly lead to the price of Ethereum above USD 250.
Thus, we are seeing quite good bases behind the revaluation of the Ethereum price to USD 250. In addition, the probable upward trend for the short and medium term, below we see what are the key levels of supply and demand to be monitored.