Ethereum Price Prediction – Can ETH Hit $10,000 in the Next Bull Market?

29 Dec 2022 02:52 AM

By John Isige

Ethereum (ETH) has had a challenging time recovering in the bear market of 2022, with multiple unsuccessful attempts to reach highs above $2,000 since its decline to $879 in June. However, the current bullish green candle may indicate that Ethereum is finding support from a triangle pattern as outlined in Wednesday's article.

Ethereum is currently being traded at $1,197 as investors consider which cryptocurrencies to include in their portfolios for 2023. A break above the 50-day Exponential Moving Average (EMA) at $1,255 could potentially attract more buyers to the market.

For now, Ethereum's price must prove to investors that it can hold above immediate resistance at $1,200 and keep off declines to $1,100 and $1,000. Analysts seem to be having conflicting predictions for 2023, with some forecasting a sideways trend and the most bullish hoping to see the Ethereum price above $4,000 by the end of 2023.

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