Ethereum Price Prediction – Is ETH Close to Bitcoin?

Ethereum – ETH for short – has struggled to recover from the bear market of 2022. There have been several failed attempts to reach a value above $2,000 after falling to $879 last June. The current bullish line may indicate that ETH is finding support in a so-called triangle pattern.

Ethereum is sold at a price value of $1,197. Investors are currently considering which coin to add to their wallets in 2023 to make money with crypto. A break above the exponential moving average of the past 50 days – also known as the EMA – with a price ceiling of $1,255 would attract more investors to the crypto market.

Ethereum Price Prediction
ETH/USD daily chart

At this point, the price of Ethereum should show investors that it can hold above the immediate resistance of a $1,200 price. A drop to a price of $1,100 or $1,000 can be avoided. Different analysts seem to have different predictions for 2023. The most optimistic analyst has predicted that the price of Ethereum will move above $4,000 by the end of 2023.

Read here what the best altcoins are at the moment.

Ethereum price prediction: a price of $10,000 ETH?

Ethereum is a platform based on blockchain. This famous platform has revolutionized the crypto world: smart contracts were introduced in 2015.

The utility of Ethereum continues to grow exponentially. Especially now that the transition to a Proof-of-Stake has taken place. According to Cryptocurrency Investment For Dummies author Kiana Danial, ETH’s price value can be traced back to the problems it solves.

“Ethereum adds value because of the problem it solves, the size of the platform and the number of users building their own applications.”

It’s hard to believe how big Ethereum’s platform is until you hear that the platform has over 44 million smart contracts.

Shanghai’s upgrade, which will take place in the first quarter of 2023, will introduce mechanisms. These mechanisms reduce gas costs.

The Ethereum platform also managed to reach more than 200 million unique addresses this week, according to the Ether scan.

The statistics shown above show the value of the platform and confirm its potential growth with a price value of up to $10,000.

Last week, Bloomberg analyst predicted that ETH will surpass BTC in 2023.

What needs to happen for the price of Ethereum to rise to $10,000?

The price of the Ethereum platform faces a tough job to break out of the dominant downtrend that has taken place in 2022.

Most analysts are convinced that it is almost impossible for this crypto to reach a price value of $10,000 in a year. Still, it’s good to know that anything is possible in the crypto world.

ETH is currently trying to hold above $1,200 and the 50-day exponential moving average. It is good to know that the price of Ether has fallen more than 75% when you compare it to the high level of $4,878 last November 2021. This means an upward trend of about 700% before reaching a value of $10,000 .

The main developments of Ethereum have the potential to optimize the scalability and capacity of the network. If these upgrades go well, the ETH price could rise again and even reach above $10,000.

  • Is the price of Ethereum able to reach a value of $10,000 by the end of 2023? Yes, but it still seems unlikely to happen.
  • The upgrade called Shanghai in the first quarter of 2023 will have a positive effect on the price of ETH if the upgrades go well.
  • Investors are expected to gain access to the stacked ETH for the first time in the first quarter of 2023.
    The developers of the platform will deal with the Shanghai upgrade.

Promising altcoins to consider buying in 2023

The entire crypto market is currently in a downward trend. New altcoins with high profit potential and early access can help investors recover winter losses. Below you can read various altcoins with great growth potential in 2023.

Not sure which crypto to buy? Read more about which crypto is going to rise here.

FightOut (FGHT) – Start presale

FightOut is a new training application to earn money. The pre-sale of FGHT has started and investors are so optimistic about this project that they believe that FightOut will change the M2E landscape.

Where other M2E applications – such as STEPN – require possession of NFTs to participate, this is not the case with FightOut. User rewards for training and activity tracking do not require the purchase of the expensive NFT tokens.

Currently, FGHT tokens are trading at a rate of $60.06 per 1 USDT. Interested investors should hurry to add tokens to their wallets. The presale has already raised nearly $2.45 million in just a few days.

Dash 2 Trade (D2T) – Pre-sale entered the final phase

Investors looking to invest in a promising start-up should consider adding D2T tokens to their wallet. This rapidly growing analytical and social platform provides investors with reliable information to make an informed trading decision.

You can come across trading signals, social sentiment and on-chain indicators, IPO alert system and strategy testing tool on the Dash 2 Trade platform. The platform is powered by the D2T token. Users must first purchase and hold tokens to access the trading platform.

Dash 2 Trade is currently in a token presale. The sale recently raised $11.2 million. The pre-sale dashboard will be released soon. At the moment, it seems that the team working on the development of the trading platform is on its way. Tokens are trading at a price of $0.0533 each. In less than a month, this token will be listed on several exchanges.

C+Charge (CCHG)

According to C+Charge – CCHG for short – the current charging system for electric cars is insufficient. The carbon credit industry – expected to be worth $2.44 trillion by 2027 – is dominated by large and well-known companies like Tesla. People who use electric vehicles are excluded from these major players.

C+ Charge aims to change this with their blockchain-based peer-to-peer (P2P) payment system. How will they do this? By building charging stations specifically for drivers of electric cars to buy CO2 credits.

Users of C+ Charge’s charging stations can pay for charging their vehicles and receive CO2 credits. These are stored in an app. The pre-sale of the C+ Charge has recently started. To date, $37,000 has been raised. Investors can buy 1 CCHG for 0.013 USDT. Soon this rate will increase to an amount of 0.0165 USDT.

Read more about the best crypto-coins of the future here.

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