Ethereum

2024

Dogecoin

<div class="finbold">
 <p class="paragraph">The ongoing bullish sentiment that has swept the majority of assets in the cryptocurrency sector has not left out Ethereum (ETH), and machine learning and artificial intelligence (AI) algorithms predict more advances for the largest altcoin by market capitalization in the near future.</p>
 <p class="paragraph">Specifically, Ethereum could continue to improve its price this month, possibly even reaching $4,005.01 by March 31, 2024, according to the latest predictions by the advanced price projection algorithms developed by the crypto analytics and forecasting platform <em>PricePredictions</em>, per data on March 6.</p>
 <figure class="wp-block-image"><img decoding="async" width="877" height="628" src="https://cdn.thebittimes.com/images/2024/03/06/e704c728f5b27280e2b455008878bb69.webp" alt class="wp-image-159140" srcset="https://cdn.thebittimes.com/images/2024/03/06/e704c728f5b27280e2b455008878bb69.webp 877w, https://cdn.thebittimes.com/images/2024/03/06/e704c728f5b27280e2b455008878bb69.webp 300w, https://cdn.thebittimes.com/images/2024/03/06/e704c728f5b27280e2b455008878bb69.webp 768w" sizes="(max-width: 877px) 100vw, 877px">
  <figcaption class="wp-element-caption"><em>Ethereum 1-month price forecast. Source: </em><em>PricePredictions</em>
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 <p class="paragraph">In other words, Ethereum could increase by 4.65% by that time, provided that the algorithm, which relies on indicators like average true range (ATR), moving average convergence divergence (MACD), relative strength index (RSI), and Bollinger Bands (BB), proves correct.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <h2 class="wp-block-heading" id="h-ethereum-<a rel=" dofollow title="price" href="https://thebittimes.com/tag/price.html" rel="noopener noreferrer nofollow">price-<a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>"&gt;Ethereum <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a></h2>
 <p class="paragraph">As of the time of publication, Ethereum was changing hands at the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $3,826.96, indicating an increase of 1.45% on the day, as well as adding 13.62% in the last week, attaining an advance of 64.35% on its monthly chart, according to the most recent data.</p>
 <figure class="wp-block-image"><img decoding="async" width="750" height="646" src="https://cdn.thebittimes.com/images/2024/03/06/0cd5245023c930b5fb80ae3b3d0c5aa8.webp" alt class="wp-image-159139" srcset="https://cdn.thebittimes.com/images/2024/03/06/0cd5245023c930b5fb80ae3b3d0c5aa8.webp 750w, https://cdn.thebittimes.com/images/2024/03/06/0cd5245023c930b5fb80ae3b3d0c5aa8.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Ethereum 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">Meanwhile, the popular digital asset is boasting a ‘strong buy’ sentiment on all of its technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) gauges based on oscillators and moving averages (MA) both demonstrating optimism, according to the information retrieved from finance and crypto analytics website <em>TradingView.</em></p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="457" src="https://cdn.thebittimes.com/images/2024/03/06/64fc12f491cf3ad941fb10c1c67e6c49.webp" alt class="wp-image-159138" srcset="https://cdn.thebittimes.com/images/2024/03/06/64fc12f491cf3ad941fb10c1c67e6c49.webp 1600w, https://cdn.thebittimes.com/images/2024/03/06/64fc12f491cf3ad941fb10c1c67e6c49.webp 300w, https://cdn.thebittimes.com/images/2024/03/06/64fc12f491cf3ad941fb10c1c67e6c49.webp 1024w, https://cdn.thebittimes.com/images/2024/03/06/64fc12f491cf3ad941fb10c1c67e6c49.webp 768w, https://cdn.thebittimes.com/images/2024/03/06/64fc12f491cf3ad941fb10c1c67e6c49.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><em>Ethereum 1-day technical gauges. Source: </em><em>TradingView</em>
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 <h2 class="wp-block-heading" id="h-bullish-factors">Bullish factors</h2>
 <p class="paragraph">All things considered, Ethereum could, indeed, increase its price and reach the target set by the machine algorithm, provided it retains its bullish momentum, aided by the potential for an Ethereum spot exchange-traded fund (ETF), which could significantly impact price in the coming months.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">In 77 days the final deadline for the Spot #Ethereum ETF will come.<br><br>Don't be fooled, the next big narrative is going to be $ETH.<br><br>And #Ethereum will outperform #Bitcoin in 2024. pic.twitter.com/hkMFR3ZFid</p>— Crypto Rover (@rovercrc) March 6, 2024
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 <p class="paragraph">On top of that, as crypto trading expert Michaël van de Poppe noted in his analysis, the Ethereum ecosystem is looking forward to a major network upgrade called Dencun on March 13, which in itself could boost the optimistic sentiment for the asset that is “the next in line for a potential all-time high test.”</p>
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    <p lang="en" dir="ltr">Ethereum Dencun upgrade in 1 week.<br><br>Bitcoin halving in 1 month.<br><br>And you're selling your coins on this dip, anon?<br><br>NGMI.</p>— Route 2 FI (@Route2FI) March 5, 2024
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 <p class="paragraph">That said, things in this industry may sometimes change on a whim, which is why it is critical to carry out one’s own detailed research and weigh all the risks, as well as keep up with the related developments before investing a significant portion of money into any asset.</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/machine-algorithm-predicts-ethereum-price-for-march-31-2024-tbt81772.html">https://thebittimes.com/machine-algorithm-predicts-ethereum-price-for-march-31-2024-tbt81772.html</a></p>

Machine algorithm predicts Ethereum price for March 31, 2024

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