Hope

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Etsy stock price slid 1.38% in intraday and currently trades at $62.86.&nbsp;</a></li>
 <li><span>2</span> <a>Etsy share price (NASDAQ: ETSY) trades at a record 3-year low.&nbsp;</a></li>
 <li><span>3</span> <a>The daily chart illustrates an accumulation of over 20 days.&nbsp;</a></li>
</ul>
<p>Etsy Inc. stock price witnessed a consolidation of over 20 days near a three-year low price. The stock price has been under bearish control since it slipped below the 50-day EMA. The stock price tried to sustain near the previous swing low but the recent quarterly earnings initiated a selloff that took the ETSY stock price to a record 3-year low.&nbsp;</p>
<p>The recent quarterly earnings triggered a gap down opening below the 50-day EMA and the price slipped to break below the 3-year low price. However, the quarterly results outperformed Wall Street expectations and the stock price could not defend the lows.</p>
<p>The technical indicators imply that the Etsy stock price trades below the key moving average of the 50-day and 200-day EMA indicating a bearish trend prevailance. However, the MACD is showing a positive crossover indicating potential buying may occur.<br><br>Currently, the Etsy stock price shows an accumulation near the lows indicating the bears losing momentum with a potential for buying. The breakout above the accumulation may turn the short-term trend optimistic and the stock price might show recovery in the upcoming sessions.<br><br>However, the breakdown of the range formed may initiate another selloff and the price might resume its long-term trend.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="546" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-118-1024x546.png" alt="" class="wp-image-173779" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-118-1024x546.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-118-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-118-768x409.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-118-750x400.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-118-1140x608.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-118.png 1448w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: barchart.com
  </figcaption>
 </figure>
</div>
<p><a href="https://www.thecoinrepublic.com/2023/09/26/etsy-price-prediction-will-etsy-stock-break-below-60-level/" target="_blank" rel="noopener noreferrer nofollow">Etsy stock</a> derivatives data analysis states that the current implied volatility in the market is 68.08% with an increment of 1.29% in the last trading session. The at-the-money strike price has 184 open contracts on the PUT side and 156 open contracts on the CALL side indicating the dominance of buyers at the CMP.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-etsy-stock-price-forecast-for-2023-strong"><strong>Etsy Stock Price Forecast For 2023</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="457" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-117-1024x457.png" alt="" class="wp-image-173778" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-117-1024x457.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-117-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-117-768x343.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-117-1536x685.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-117-750x335.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-117-1140x509.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-117.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: ETSY 1D. NASDAQ By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The average analyst price target for Etsy stock in 2023 is $105.41, which represents a potential upside of 67.69% from the current price. However, there is a wide range of analyst price targets from $46 to $170.</p>
<p>The most optimistic analysts believe that Etsy stock could reach $170 in 2023 if the global online market grows strongly and Etsy is able to successfully launch new products.</p>
<h3 class="wp-block-heading" id="strong-technical-indicators-signal-neutral-to-bullishness-strong"><strong>Technical Indicators Signal Neutral to Bullishness&nbsp;</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" loading="lazy" width="1024" height="457" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-116-1024x457.png" alt="" class="wp-image-173777" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-116-1024x457.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-116-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-116-768x343.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-116-1536x685.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-116-750x335.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-116-1140x509.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-116.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: ETSY 1D. NASDAQ By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>The overall technical indicators including RSI and MACD opinion rating for the <a href="https://www.thecoinrepublic.com/2023/09/26/etsy-price-prediction-will-etsy-stock-break-below-60-level/" rel="noopener noreferrer nofollow">ETSY stock</a> is a 90% “sell” with a weakening short-term outlook on maintaining the current trend.&nbsp;&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Etsy stock price is in a bearish trend and has reached a 3-year low despite good quarterly results. Currently, the price consolidates near the lows, indicating a possible reversal or continuation of the downtrend. The MACD shows a positive crossover, suggesting some buying pressure. The breakout or breakdown of the consolidation range will determine the next direction of the price. Analysts have a wide range of price targets for Etsy stock in 2023, from $46 to $170, with an average of $105.41, which implies a 67.69% upside potential from the current price.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels:</strong> $61.02 and $55.83</li>
 <li><strong>Resistance Levels:</strong> $66.13 and $72.35</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Can Etsy Stock Recover From A Record 3-Year Low, Hope For Buyers?

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