Monthly Archives: August 2021

3 reasons why Ethereum price might not hit $5,000 anytime soon

Ethereum price might be bullish in the short term but there are a handful of factors that could keep the price pinned in its current range. Ether (ETH) price has been in a downward spiral ever since the Ethereum co-founder Vitalik Buterin presented at the StartmeupHK Festival 2021. In a fireside chat session on May 27, Vitalik stated that several internal team conflicts caused the Proof-of-Stake migration to delay its launch. As reported by Cointelegraph, ‘Phase One,’ which introduces scalability through sharding, has been postponed to 2022. […]

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