However, it is vital to realize that the cryptocurrency market is extremely unpredictable and difficult to forecast with precision. Regulation, technology adoption, and global economic conditions can all have an impact on Ethereum price fluctuations.
Ethereum's price, like that of other cryptocurrencies, is heavily impacted by supply and demand. When there is a high demand for Ethereum, the price can rise. Conversely, when a large number of individuals want to sell, the price can fall, and we must remember that Ethereum has undergone multiple upgrades to boost scalability and lower transaction costs, so we now pay cheap fees when transacting on the Ethereum network.