Ethereum Price Prediction: ETH Won't Hit $10,000 This Year, But This Altcoin Looks Set For 10X Gains

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The Ethereum price has experienced a 2.3% increase in the last 24 hours to trade at $1886 as of 10:50 p.m. EST.

ETH’s price is currently at a critical resistance level, with a 24-hour trading volume of $13.9 billion, marking an 8% increase from the previous day and bringing its weekly gain to 4.5%.

While ETH faces challenges in surpassing the $1,900 resistance, it has gained 15% in the last 30 days, falling short of Bitcoin’s impressive 24% increase during the same period.

A significant concern for the Ethereum network is the high gas fees, with a recent seven-day average transaction fee of $4.90, impacting decentralized application (DApp) usage.

Ethereum Price Breaks Over the Falling Channel

The support level at $1,535 has provided a solid base for the bulls to anchor their feet, taking control of the price in a general upward resilience.

Ethereum Price Chart Analysis. Source: Tradingview.com — ETH/USDT Chart Analysis. Source: Tradingview.com

The price movement of ETH indicates the possibility of an upward trajectory after experiencing a decline, which is evident from a series of red daily candlesticks within a falling channel starting from the $2150 supply zone.

The support level at $1535 has provided a solid base for the bulls to anchor their feet, taking control of the price in a general upward resilience.

Can Ethereum Price Reach $10,000 This Year?

ETH’s price has moved above the 50-day and 200-day moving averages, currently trading at $1,774, higher than the $1,677 price point. The 50-day SMA serves as immediate support, confirming the impending bull rally.

The Relative Strength Index (RSI) strengthens the optimistic perspective, with the current reading at 71, placing it in the overbought zone, signifying robust buying pressure on ETH’s price.

ETH has broken out of the descending channel, setting the stage for potential new highs in the upcoming weeks.

Furthermore, the bullish sentiment is reinforced by the RSI, along with the 50 and 200 SMAs. If the bullish momentum continues, the bulls can target $2,350 by the conclusion of Q4 in 2023.

However, ETH currently encounters resistance at $1,900, resulting in a minor correction in the price by the bears. Should they capitalize on this resistance, it could drive the price down to the $1,662 support level.

If you missed the Ethereum surge, you have the golden opportunity to invest in yPredict and get 10X on your investment.

YPRED: Last Chance to Buy Before Listing, Get 10X Gains

yPredict (YPRED) may be poised for a tenfold increase in the coming weeks. This new AI-driven cryptocurrency project has advanced to the 8th stage of its presale, garnering attention from investors and traders due to its innovative characteristics.

The yPredict team has established the token price at $0.11, resulting in a total presale token collection of more than $4.6 million.

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Nevertheless, the price will rise to $0.12 as the presale concludes and the token gets listed on major cryptocurrency exchanges.

yPredict combines well-established statistical techniques with advanced machine learning algorithms to craft an adaptable price prediction system for the ever-changing cryptocurrency market.

The cryptocurrency market’s volatile price shifts underscore the demand for AI-powered crypto solutions like yPredict, which offer valuable price predictions.

Final Call: Get YPRED, Earn Staking Rewards

Profitable staking rewards are available to token holders, allowing them to earn as much as 45% in quarterly staking rewards. These rewards originate from the 10% allocation of tokens for each new subscription on the platform. This exceeds the industry’s typical 5-10% Annual Percentage Yield (APY), showcasing yPredict’s dedication to rewarding its investors.

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Additionally, investors can access various features, including data repositories, prediction platforms, analytical tools, and advanced trading terminals, all offered at reduced prices.

With a minimum investment of $500, investors can access yPredict’s analytics base models, carefully crafted by the top 1% of AI developers.

These predictive models have shown exceptional accuracy in forecasting the prices of popular cryptocurrencies such as Bitcoin, Ethereum, and Shiba Inu.

This indicates substantial growth potential, with the possibility of returns ranging from 10 to 100 times the initial investment.

Cryptonews, a popular YouTube channel with over 5,000 subscribers, gives details about yPredict and explains why you should not miss getting into the action.

To participate in the yPredict (YPRED) presale, first connect your Web3 wallet to the official YPRED website. Then swap your crypto (ETH, MATIC, BNB, or USDT) to buy $YPRED tokens. You can also buy directly using your bank card.