Is Ethereum on an upswing?
No, since April 5, 2022, Ethereum has been in a long-term downward trend and has decreased by -2.51 percent over that period. The 200-day line is currently -44.06 percent away from the current price. It is -54.24 percent away from the 100-day line and -57.74 percent away from the 50-day line.
The Ethereum Forecast for 2023
Let's take a deeper look at the one-year forecast since it is the most precise of the analysts' forecasts.
Analysts had a wide range of forecasts for the Ethereum price over the next year. The most optimistic predicted a 12-month price target of $3899.48, implying an 87 percent raise, while the worst-case scenario would be $2969.77.
The most recent average price target for the next year is $3378.17, and it's the most crucial.
That equates to a potential gain of 1.74 percent.
ETH - Relative Strength Forecast
ETH - Trend Prediction
ETH - Price Volatility Prediction
ETH - Relative Strength
ETH - Momentum Forecast
What Does the Future Hold for Ethereum?
Ethereum's long-term prospects appear to be excellent. 13 analysts predicted that Ethereum would reach $3496.76 by March 2025. The Ethereum price is expected to be $3619.50 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $3811.75.