The community at CoinMarketCap has predicted that the average price of Ethereum for May 31, 2023, will be $1,834.52, based on 1,388 votes. However, this estimate does not guarantee end-of-month prices and the crypto community does not expect much improvement in the near future. Despite being the second-largest asset by market capitalization, Ethereum has been trading sideways and experiencing losses. It is currently changing hands at $1,821 and needs to regain a critical support level to avoid declining further. The community at CoinMarketCap has a historical accuracy of 90.24% in guessing the digital asset’s average price, making it a useful tool for investors to gauge market sentiment and future price trends.
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