Ethereum Price Prediction: Analyst Reveals Where ETH Will Be By End of 2023
31 Outubro 2023 - 9:00PM
NEWSBTC
Prominent cryptocurrency analyst Dmitry Noskov from the
European-based trading platform StormGain has recently shed light
on his predictions concerning Ethereum (ETH) and has revealed where
the digital asset ought to be by the end of the year. Dmitry Noskov
On Ethereum (ETH) Price Movement The crypto analyst predictions
were fueled by the current growth of the cryptocurrency market due
to the forthcoming Bitcoin halving in 2024. He highlighted that the
market growth will continue to grow till the end of the year, and
Ethereum is set to grow with it. Related Reading: Analysts Give
Their Latest Ethereum Price Predictions “We can say that the
cryptocurrency market is now on a wave of growth, which may
continue until the end of the year. The target for Ethereum before
the new year may be $1800-$1900. It can also break the
psychological level of $2,000,” Noskov stated. Dmitry’s recent ETH
predictions can also be traced back to the excitement and
propaganda from the cryptocurrency community and the positive
development encompassing a potential approval of Spot Bitcoin
exchange-traded fund (ETF). “The positive developments around
the potential approval of a Bitcoin (BTC) spot exchange-traded fund
(ETF) have boosted other cryptocurrencies, including ETH,” Noskov
stated. Dmitry Noskov is not the only one who has shared
projections on the price of Ethereum by the end of the year.
Several other analysts have also shed light on their optimism about
how Ethereum is expected to finish the year. In July, finance
platform Finder sought 32 fintech and cryptocurrency analysts for
them to offer their year-end price predictions for Ethereum. From
the details shared with Finbold, the experts believe that the
digital asset will finish the year at $2,451, presenting over 30%
price surge from the current price of Ethereum. Related Reading:
Ethereum Price Uptrend To Continue? These Could Be The Factors To
Watch The future predictions for Ethereum were much more promising.
Specifically, the experts predict that ETH will reach $5,845 by the
end of 2025. One of the finance experts Mitesh Shah, Chief
Executive Officer and founder of Omnia gave his end-of-year
predictions for Ethereum, which appeared to be in check with the
panel’s consensus projections. Shah also believes that the digital
asset is the exceptional second choice of investment for
institutional and ordinary investors alike. “Ethereum remains the
standout second choice investment for both the retail and
institutional investors alike. Following the successful upgrade to
proof of stake, akin to “changing a jet plane engine, mid-flight,”
ETH has become more efficient and deflationary, to mention a few,”
Shah stated. Lately, the cryptocurrency has garnered momentum,
slowly heading toward the $1850 resistance level. The digital asset
is set to go higher if it crosses the $1850 resistance level.
Ethereum is currently sitting at approximately $1797 as of the time
of writing. Featured image from Seeklogo, chart by Tradingview.com
Bitcoin (COIN:BTCUSD)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024
Bitcoin (COIN:BTCUSD)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024