Ether / US Dollar was trading at 3,417.70 on Wednesday, November 27th, showing an increase of 89.90, or 2.70%, from the previous trading session.
Ethereum rises, building on strong momentum
This surge follows a strong upward momentum, with Ether rising by 33.16% over the past four weeks. Over the last 12 months, Ether has gained 66.37%, reflecting increased adoption and growing interest in decentralized finance (DeFi), as well as the continued development of Ethereum's blockchain ecosystem.
Decrease expected
Looking ahead, Trading Economics' global macro models and analysts' projections suggest that Ether could be priced at 2,491.42 by the end of this quarter, with a further decline to 2,138.84 within the next year. These forecasts consider factors such as market volatility, regulatory developments, and the ongoing evolution of Ethereum’s protocol, especially with the transition to Ethereum 2.0, which may impact its long-term performance. Despite potential fluctuations, Ether remains a key player in the cryptocurrency market and a vital asset in the decentralized finance space.
