Is Ethereum on an upswing?
No, since April 5, 2022, Ethereum has been in a long-term downward trend and has decreased by -44.13 percent over that period. The 200-day line is currently -2.39 percent away from the current price. It is -20.16 percent away from the 100-day line and -26.25 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 $2230.30, implying an 87 percent raise, while the worst-case scenario would be $1697.51.
The most recent average price target for the next year is $1931.55, and it's the most crucial.
What Does the Future Hold for Ethereum?
Ethereum's long-term prospects appear to be excellent. 13 analysts predicted that Ethereum would reach $1990.33 by March 2025. The Ethereum price is expected to be $2050.89 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $2145.20.