Is Ethereum on an upswing?
No, since April 5, 2022, Ethereum has been in a long-term downward trend and has decreased by -53.36 percent over that period. The 200-day line is currently 16.93 percent away from the current price. It is -4.36 percent away from the 100-day line and -11.66 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 $1842.97, implying an 87 percent raise, while the worst-case scenario would be $1398.19.
The most recent average price target for the next year is $1593.57, and it's the most crucial.
That equates to a potential gain of 0.32 percent.
What Does the Future Hold for Ethereum?
Ethereum's long-term prospects appear to be excellent. 13 analysts predicted that Ethereum would reach $1603.79 by March 2025. The Ethereum price is expected to be $1614.07 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $1629.61.