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Ethereum (ETH) Price Prediction (March 15)

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Ethereum is an open-source decentralized blockchain network, with a native token Ether (ETH). The Ethereum blockchain is a platform for several other digital assets and enables the implementation of decentralized smart contracts through Ether.

Usually, digital asset price movement fluctuates. Often, several investors and traders take advantage of this fact to make profits during their trade sessions. The same principle applies to Ethereum.

However, crypto investors and traders are always advised to exercise caution as the token price can be very volatile.

Past And Present Trend Of Ethereum (ETH) Price

There have been multiple price fluctuations to recall in the price of Ethereum since the blockchain’s launch in July 2015. After the launch of Ethereum, the token remained under the $1 price mark for nearly the remaining part of the year.

However, on March 4, 2016, Ethereum displayed a major surge over the $10 level, reaching a short-lived price of $10.03. Following this was notable growth in its popularity, eventually bringing its price to approximately $100 in May 2017. 

2017 proved a very positive year for Ethereum, as the token kept making multiple bullish moves. At the end of the year, Ethereum was already trading at a price just above the $770 mark. But its price surge didn’t end there, as it climbed further to $1,000 during the first week of the following year.

However, the broader market crash in the same year affected the token, seeing its price fall below the $100 price mark toward the end of the year. Notably, the market crash also affected the price of Bitcoin at the time. 

Following this massive drop was a continuous and gradual surge in its price from 2019 to 2021. On November 16, 2021, Ether eventually reached its all-time high of $4,891.70, per data from CoinMarketCap.

Launching into 2022, several tokens saw their prices dip significantly, and Ether was no exception. This 2023, ETH has declined by less than -60% from its all-time high in November 2021, with a current trading price of just over the $1,650 mark at the time of writing.

Ethereum (ETH) Price Prediction Based On Technical Indicators

Source: Tradingview

The chart shows that Ethereum has maintained some bullish moves in the last four days. Its MACD (Moving Average Convergence/Divergence) stands above its signal line, indicating that its upward trend will likely continue. 

The histogram bar currently shows a bold green bar for the day, which also signifies a possibility of a bullish move. Moreover, ETH is trading above its 50-day and 200-day simple moving averages today, indicating a short and long-term bullish signal. 

The market has support levels at the $1,575, $1,503, and $$1,417 price marks, according to the chart, while its major resistance level stands at $1,700. The price of Ethereum is currently around this resistance level, with a possibility of reaching a new high in the coming days.

Experts’ Long And Short-Term Ethereum (ETH) Price Prediction

Crypto experts often predict the possible price of virtual tokens. New and existing crypto investors can leverage these pieces of information as an investment guide. Some of these predictions span from 2023 to 2030 

Here are some forecasts of Ethereum price from some digital asset experts.

CryptoPredictions Price Prediction

Based on the forecast of CryptoPredictions, the maximum price of Ethereum in the remaining part of 2023 will be $2,117.339, with a minimum price of $1,392.236. According to the expert, the token will trade between the $1,100 and $1,600 price marks from 2024 to 2025.

Coincodex Ethereum (ETH) Price Prediction

Data from Coincodex, according to its tech sector growth, shows the price of Ethereum will stand between $4,484 and $40,444 throughout 2026. By 2027, the crypto analyst expects that the price of the token should increase by 2,072.74%.

Ethereum (ETH) Price Prediction From ICOcreed

Based on the predictions from ICOcreed, Ethereum will continuously increase over time. Data from the expert reveals that the price of ETH will surpass the $10K price mark in 2027, with a minimum price of $5,751.

ICOcreed’s long-term Ethereum price prediction for 2028 shows that the token will hit a maximum price of over $14,600 before the end of the year. In 2029 and 2030, ICOcreed expects the price of ETH to go beyond the $22,100 and $32,300 price levels in the last month of both years.

Factors That Could Influence The Price Of Ethereum (ETH)

The factors below will likely increase or drop the price of Ethereum over time.

The Ethereum 2.0 Upgrade

The news about Ethereum 2.0 upgrade has been one of the major driving forces behind the token’s price. The upgrade aims at improving the overall Ethereum blockchain with additional features and equipment, such as the new virtual machine called the eWASM. The upgrade promises improved privacy and an ecosystem for a better trading experience on the network.

The Broader Market Forces

Ethereum is a decentralized finance digital asset, just like several other tokens. This means it is not backed by central banks that act on regular currency markets or gold. As such, its price movements are fully a function of the market forces, such as supply, demand, crypto traders’ sentiments, etc.

The Price of Bitcoin

Bitcoin, the world’s largest cryptocurrency, can drive the broader digital currency market, which also includes the price of Ethereum. As its price drops, the market takes a bearish turn and vice versa.

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