Will Ethereum go up? Is Ethereum a Good Investment in 2023?

Will Ethereum go up? Is Ethereum a Good Investment in 2023?

Will Ethereum go up? Economic cycles are part and parcel of life, as the economic environment improves, Ethereum will go up again

Is Ethereum a good investment in 2023? Yes, it is, read on


Ethereum Forecast: Is Ethereum a Good Investment?

Ethereum has had two-loss years since its launch (after a hard fork with ETC) in 2016. The losses came in 2018 and 2019, the years when the Federal Reserve reduced the size of its balance sheet. The losses in 2022 have also followed the same pattern.

Gain Years: 2017, 2020, 2021

Loss Years: 2018,2019,2022

Will Ethereum go up?

In how many days did Ethereum double in the past?

  • $100 to $200: 11 Days
  • $200 to $400: 178 Days
  • $400 to $800: 26 Days
  • $800 to $1600: 1143 Days
  • $1600 to $3200: 58 Days

The current environment is highly unpredictable

  • Multiple scandals in the cryptocurrency industry (FTX, Luna etc)
  • Rising interest rates
  • Conflict in Europe,
  • Spectacular fall of China’s economy.

The Global supply chains are yet to recover fully. Therefore, In the short run, the volatility will likely be high. However, The price of Ether is likely to rise over the next few years, first gradually over the next 2 years before pumping higher in 2025.

How High Will Ethereum Go: Analysts’ Prediction

Here are our Forecasts for the next 8 years. Long-term forecasts tend to be wobbly so please assume a fairly high degree of error which reduces over time. It is fair to say that the direction of the estimates may be correct but the timing and value tend to get accurate over time.

Price Forecast
Ethereum Prediction 2023$2,195
Ethereum Prediction 2025$4,074
Ethereum Prediction 2030$17,199

When will Ethereum go up?

  1. Ethereum is likely to rise gradually once the FTX scam settles down, probably in December-January
  2. This is because there is likely to be a pause in the Ukraine Conflict and the full impact of interest rates is likely to be felt by then
  3. The combination of the two could push inflation lower and help Crypto prices
  4. However, it is unrealistic to expect Ethereum to rise quickly over the next 12 months given the economic uncertainties.

Should you buy Ethereum now?

Yes if the desire is to hold for 3 to 5 years. In the short run, the volatility will likely be high given the uncertainties listed earlier.

Note: Crowdwisdom360 collates Predictions and data from all over the net. Please consult a registered investment advisor to guide you on your financial decisions.

Will Ethereum go up? When will Ethereum go up?
Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.

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