Quote from: Vinaa77 on Today at 12:40:48 PM

Quote from: rhodelmabanal on August 06, 2021, 08:24:36 PM

Ethereum network burning $8,000 a minute after london hard fork and now the effect is underway, ethereum price is now 2,840$, is there any chances that ethereum price will soar up to 5k$ in the next few days from now?
May I know your perspective and suggestion about this guy's?.

For $5K in the near future it is still very possible for Ethereum to achieve if market conditions and their development continue in a very good direction, because so far Ethereum is still experiencing a very good price increase.

the majority of crypto prices on the market experienced a significant increase, including ethereum which even experienced a price increase of around 25% in the last week and this shows that the impact of the ongoing London hard fork certainly provides a strong impetus to the increase in the price of ethereum and also some non-stable altcoins that on the market, moreover the London update and activation of EIP-1559 will push Ethereum into a deflationary asset because each transaction will trigger a portion of the total ethereum supply to be burned and disappear from circulation forever and this will automatically push the price of ethereum higher.