Ethereum

Cryptocurrency

Bitcoin ETF

Squid Game

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 <p class="paragraph">With Christmas on the horizon, astute investors redirect their focus to the cryptocurrency market to pursue opportunities that promise substantial returns. Among the notable cryptocurrencies, Ethereum (ETH) emerges as a top contender for holiday investments.</p>
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 <p class="paragraph">Why is this the case? ETH offers a distinctive combination of popularity and potential, making it particularly enticing during the festive season.</p>
 <p class="paragraph">Given these dynamics, Finbold has leveraged <em>PricePredictions</em> for its AI advanced machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> algorithms. These algorithms meticulously assess the ever-changing market conditions and analyze relevant indicators to estimate the likelihood of Ethereum experiencing gains by Christmas day.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="473" src="https://cdn.thebittimes.com/images/2023/11/30/5b9e8a40d97d6866172546356646fe9c.webp" alt="ETH price prediction for December 25th. Source: PricePredictions
" class="wp-image-140434" srcset="https://cdn.thebittimes.com/images/2023/11/30/5b9e8a40d97d6866172546356646fe9c.webp 1024w, https://cdn.thebittimes.com/images/2023/11/30/5b9e8a40d97d6866172546356646fe9c.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/5b9e8a40d97d6866172546356646fe9c.webp 768w, https://cdn.thebittimes.com/images/2023/11/30/5b9e8a40d97d6866172546356646fe9c.webp 1536w, https://cdn.thebittimes.com/images/2023/11/30/5b9e8a40d97d6866172546356646fe9c.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
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   ETH price prediction for December 25th. Source: PricePredictions
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 <p class="paragraph">The algorithms project that ETH will increase to $2,040 by the end of the month, representing a 0.54% increase from the current asset <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> at the time of publication.</p>
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 <p class="paragraph">The computation is based on a broad range of technical indicators, encompassing moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and various others.</p>
 <h2 class="wp-block-heading" id="h-ethereum-price-analysis">Ethereum price analysis</h2>
 <p class="paragraph">The Ethereum <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> has been undergoing a consolidative trend spanning several months, forming an ascending triangle setup. While this technical pattern is inherently bullish, confirmation only comes with a successful breakout. Up until now, ETH has yet to demonstrate any clear breakouts.</p>
 <p class="paragraph">The ascending triangle configuration consists of highs that are equal and lows that are progressively higher, connected by trend lines. This arrangement indicates a growing bullish sentiment among investors, with an increasing tendency to buy dips.</p>
 <p class="paragraph">At the time of press, ETH was trading at $2,031, representing a decrease of -1.44% in the previous 24 hours. These losses come after a week when this crypto lost 2.38% of its value, contrary to a 12.67% increase over the 30 days.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/30/3dd05a0717958478b96c7f9bcf8750f1.webp" alt="ETH 24-hours chart. Source: Finbold
" class="wp-image-140435" srcset="https://cdn.thebittimes.com/images/2023/11/30/3dd05a0717958478b96c7f9bcf8750f1.webp 1024w, https://cdn.thebittimes.com/images/2023/11/30/3dd05a0717958478b96c7f9bcf8750f1.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/3dd05a0717958478b96c7f9bcf8750f1.webp 768w, https://cdn.thebittimes.com/images/2023/11/30/3dd05a0717958478b96c7f9bcf8750f1.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ETH 24-hours chart. Source: Finbold
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 <p class="paragraph">In the last year, ETH <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> has increased by 61%, allowing it to outperform 69% of the top 100 crypto assets in this period.</p>
 <p class="paragraph">This crypto trades above its 200-day simple moving average while experiencing 18 green days in the last 30 days.</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-learning-algorithm-predicts-ethereum-price-for-xmas-day-tbt72177.html">https://thebittimes.com/machine-learning-algorithm-predicts-ethereum-price-for-xmas-day-tbt72177.html</a></p>

Machine learning algorithm predicts Ethereum price for Xmas day

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