Artificial intelligence predicts Ethereum’s price as of January 31

A machine learning algorithm has predicted the value of the cryptocurrency Ethereum (ETH) as of January 31, 2023. According to PricePredictions, by the end of this month, ETH will be trading for $ 1315, which means a several percent increase in the digital asset compared to the price at the time of publication ETH $3,132.83 Bridged Ether (StarkGate) 0.26% Market capitalization $0.26 billion VOL. 24 hours $1.93 billion .

It is worth noting that despite the fall of cryptocurrencies after the collapse of the FTX exchange, the value of ethereum has been much more stable compared to other digital assets. Over the past 7 days, ETH has managed to grow by 5.6%, while bitcoin has risen by only 2.4%.

To predict the value of cryptocurrencies, the PricePredictions machine learning algorithm uses a variety of random process analysis tools, including: moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), and Bollinger Band (BB) indicator.

As for the probable price of BTC, artificial intelligence predicted that the flagship cryptocurrency will trade for $ 15,675, which is significantly lower than the price of bitcoin at the time of writing BTC $97,508.79 Bitcoin 4.92% Market capitalization $1.93 trillion VOL. 24 hours $5.43 billion .