Artificial Intelligence Predicts Ethereum Cryptocurrency Price at the End of 2023

Representatives of Finbold turned to artificial intelligence from CoinCodex to predict the value of ethereum at the end of this year. The AI suggested that by December 31, 2023, the asset will be at $ 2553, which is more than 50% higher than the current values. However, the AI noted that now is not the best time to open long positions.

As for the medium-term outlook, CoinCodex predicted that the main altcoin will rise to $ 3243 in the next six months. And in another 6 months, ETH $3,353.72 Bridged Ether (StarkGate) -1.43% Market capitalization $0.29 billion VOL. 24 hours $1.97 billion will reach $ 5000, the AI is convinced. It is worth noting that CoinCodex makes its forecasts based primarily on technical indicators.

However, according to analysts, it is impossible to rely on these metrics in isolation from the market context. At the same time, it is necessary to monitor the macroeconomic component, as it has a serious impact on the dynamics of the main altcoin. Accordingly, the potential development of the CoinCodex forecast will be formed taking into account both technical and fundamental factors.

It should be noted that at the time of writing, ETH has lost 0.6% of its value and is trading at $ 1639 with a market capitalization of $ 197 billion. Traders made daily trading deals worth $ 7 million.

As a reminder, CoinCodex has predicted that by December 31 of this year, Solana’s value will fluctuate around $ 39.73. This will mean a 65% increase in SOL $259.87 Solana -1.40% Market capitalization $123.35 billion VOL. 24 hours $1.28 billion compared to the current market value.