5:41 PM · 11 August 2022

Ethereum with Goerli testnet success. Will it drive a price rally to 2000 USD?

The Ethereum cryptocurrency is increasing its dominance against Bitcoin and has rebounded from its price bottom by more than 100%, compared to Bitcoin's still 'modest' rally of just over 40%. 

  • Ethereum's final tests on the Goerli network were successful. The probability of the second largest cryptocurrency moving to version 2.0 as planned by the developers has increased;
  • The developers' work proceeded in two phases, starting with the August 4 Bellatrix update. The success of Bellatrix allowed the Paris update to be launched today when the Terminal Total Difficulty on the Goerli network reached 10,790,000;
  • Ultimately, the transition to version 2.0 will gradually freeze the supply of more Ether. September 13 is the date of the so-called difficulty bomb, which will eventually force miners to stop mining new ETH.

Ethereum price chart, D1 interval. The price of ETH has fallen nearly 70% from its November 2021 peaks. Currently, the increases are slowing down near the 23.6 Fibonacci retracement where there is still strong supply. In the near term, the key for the bulls will be to overcome the bears on the way to $2,000. Source: xStation5

17 October 2025, 5:50 PM

3 markets to watch next week - (17.10.2025)

17 October 2025, 1:48 PM

Bitcoin drops below important support zone 📉

14 October 2025, 12:04 PM

Bitcoin loses momentum falling to $111k 📉Ethereum loses 3%

13 October 2025, 3:50 PM

Crypto news: Bitcoin rebounds after the sell-off 📈Ethereum above $4000

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits