Ethereum

Cryptocurrency

Solana

Dogecoin

<div class="finbold">
 <p class="paragraph">Although the general sentiment for the global crypto market remains floating between bearish to neutral, September ended slightly positive for most cryptocurrencies, including for the leading layer-1 blockchain for Web3, DeFi, and DApps: Ethereum (ETH).</p>
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 <p class="paragraph">Ethereum’s landscape has changed a lot in the last few years, which most supporters see with enthusiasm for long-term projections to the second-largest cryptocurrency by market cap.</p>
 <p class="paragraph">From the implementation of a burning mechanism for a portion of gas fees to the migration for a more efficient consensus algorithm with the Proof-of-Stake (PoS), the Ethereum Network has grown in value for its users and investors.</p>
 <p class="paragraph">In this context, Finbold has checked what the expected outcome for ETH is — <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> regarding. Data retrieved on October 4, from <em>CoinCodex</em>‘s AI-powered <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> prediction algorithms shows a positive <a rel="noopener noreferrer nofollow" title="forecast" href="https://thebittimes.com/tag/forecast.html">forecast</a> for Ethereum from now to December 31, 2023.</p>
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 <p class="paragraph">Notably, the artificial intelligence sets a <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $2,553.14 for ETH by the end of 2023. This <a rel="noopener noreferrer nofollow" title="forecast" href="https://thebittimes.com/tag/forecast.html">forecast</a> represents an increase superior to 50% in Ethereum’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> from the <em>CoinCodex</em> index’s current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $1,653.12.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="547" src="https://cdn.thebittimes.com/images/2023/10/04/7f25fc4ae92994e23d380bc291fd661e.webp" alt="Ethereum price forecast for the end of 2023" class="wp-image-131263" srcset="https://cdn.thebittimes.com/images/2023/10/04/7f25fc4ae92994e23d380bc291fd661e.webp 1024w, https://cdn.thebittimes.com/images/2023/10/04/7f25fc4ae92994e23d380bc291fd661e.webp 300w, https://cdn.thebittimes.com/images/2023/10/04/7f25fc4ae92994e23d380bc291fd661e.webp 768w, https://cdn.thebittimes.com/images/2023/10/04/7f25fc4ae92994e23d380bc291fd661e.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Ethereum price forecast for the end of 2023. Source: <em>CoinCodex</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-eth-price-forecast-for-2024">ETH price forecast for 2024</h2>
 <p class="paragraph">Despite seeing a favorable bull market for ETH for the next months, the AI’s short-term perception is still considering “It’s now a bad time to buy Ethereum”. This happens due to 19 out of 30 green days for the leading Web3 asset, with two major price resistances at $1,650 and $1,805 with the 50-day and the 200-day SMAs, respectively.</p>
 <p class="paragraph">Nevertheless, the artificial intelligence predicts Ethereum to reach $3,243 in the next six months, for close to 100% in gains from current prices at the time of publication. Additionally, <em>CoinCodex</em>‘s price prediction algorithms also believe ETH will be trading as high as $5,000 a year from now.</p>
 <p class="paragraph">All things considered, this <a rel="noopener noreferrer nofollow" title="forecast" href="https://thebittimes.com/tag/forecast.html">forecast</a> mostly considers technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> indicators and general market sentiment, and can not be considered in a vacuum. The ability of Ethereum’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> to meet the above prediction will deeply depend on further developments, news, and macroeconomics that are yet to come.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ai-forecasts-ethereum-price-for-the-end-of-2023-tbt65107.html">https://thebittimes.com/ai-forecasts-ethereum-price-for-the-end-of-2023-tbt65107.html</a></p>

AI forecasts Ethereum price for the end of 2023

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