Ethereum is one of those currencies which can be probably described as ahead of its time.
This is especially the case with the concept of smart contracts, around the entire concept of Ethereum network is revolving.
Smart contracts enable all sorts of transfers of value, also allowing the issuance and development of new ICO in form of ERC20 tokens on the ETH network, as well as enabling the development of decentralized applications.
Precisely for these features have Ethereum managed to skyrocket to the spot of the second largest crypto in the market and reach an all-time high of around 1,450$ per one unit.
Ethereum (ETH) Price Today – BTC / USD
However, as more and more developers were joining the network it soon became evident that ETH isn’t able to meet all the requirements, lacking the needed scalability.
While the team is searching for scalability solutions, targeting Sharding protocol in order to scale the network, ETH is touching its lowest price of around 136$.
On November 20th, ETH is taking a slight rebound with the rest of the market, but will it be enough to take it to a new all-time high of 2,000$ by the end of 2018?
Is Ethereum Able to Reach the Price of 2,000$ Before the End of the Year?
Ethereum is having some issues in the market for quite some time now, mainly hovering around the price of 200$.
But the real problems appeared once the crypto went far below the initial value of 200$ taking a massive dip towards its low for 2018, now being traded at the price of around 136$.
With the last days of November, the market is finally able to get a taste of a rebound, and with it, ETH is seen going up by around 2%.
However, the latest gains are not enough to pull ETH out of the weekly dips of -34% against the fiat.
Back in 2017, Ethereum was able to jump from the value of 299$ back in mid-November to its record price of 1,400$ in only two months, so naturally, some enthusiasts believe that ETH will be able to make a major leap once again at the end of 2018 as well.
But, reaching a goal price of 2,000$ is more likely impossible for ETH, as its expected price for the end of 2018 shouldn’t go far above 200$ from its current value of 136$.
What Could Potentially Push Ethereum Up towards Major Gains?
One factor that could definitely push the value of Ethereum and get ETH back to its old glory is presenting the implementation of Sharding or another liable solution to the network.
With reaching an utmost level of scalability, Ethereum network should be able to attract more investors, also attracting more new developers with an improved and highly scalable, fast ecosystem for ICOs and Dapps.
However, although it has been confirmed that the team is working in bringing scalability to Ethereum, it is yet not certain when the implementation of the solution is to take place.
In case the team announced updates by the end of 2018, ETH might still have a chance to acquire a more serious rebound by the end of the year.