+ $74.51 (2.46%)
End-of-day quote: 2022-10-17

Is Ethereum on an upswing?

No, since April 5, 2022, Ethereum has been in a long-term downward trend and has decreased by -8.78 percent over that period. The 200-day line is currently -40.22 percent away from the current price. It is -51.1 percent away from the 100-day line and -54.84 percent away from the 50-day line.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 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 $3649.54, implying an 87 percent raise, while the worst-case scenario would be $2779.57.

The most recent average price target for the next year is $3161.73, and it's the most crucial.

That equates to a potential gain of 1.76 percent.

ETH - Relative Strength Forecast

Ethereum broke through the 25 strength line from above on 2022-08-24 and then changed into a weak trend, which thereby generated sell signals that lasted one month. Late Sep 2022 we see how the relative strength rises from below 25 to above 25. Thus, Ethereum has been in a buy signal since 2022-09-22.

ETH - Trend Prediction

ETH - Price Volatility Prediction

From 09/15/2022 we see a strong Ethereum above the moving average causing rising prices of Ethereum. From early Oct 2022 we then see a strong Ethereum, which then triggers a buy signal.

ETH - Relative Strength

From 09/11/2022 to 09/12/2022 Ethereum was so overbought that this led to a reversal trend. Mid Oct 2022 we then see Ethereum developing more and more weakness, which is a sell signal.

ETH - Momentum Forecast

Mid Oct 2022 Ethereum left the overbought zone to the downside, resulting in a short-term negative change in trend. In October we then see weak volatility for Ethereum for a longer period of time which led to negative signals for Ethereum.

What Does the Future Hold for Ethereum?

Ethereum's long-term prospects appear to be excellent. 13 analysts predicted that Ethereum would reach $3274.01 by March 2025. The Ethereum price is expected to be $3390.27 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $3572.44.