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Machine Learning Algorithm Sets Ethereum Price for January 31, 2023

As the crypto industry enters 2023, Ethereum (ETH) is the second biggest cryptocurrency by market capitalization, and despite a successful Merge upgrade in 2022, investors are still interested in Ethereum to see what it has in store for the new year.

Looking further ahead, the machine learning algorithms at the crypto monitoring portal PricePredictions predict that the price of Ethereum will be $1,315 on January 31, 2023, according to data acquired by Finbold on January 6.

Indicators from technical analysis (TA) indicators, such as the relative strength index (RSI), Bollinger bands (BB), moving averages (MA), moving average convergence divergence (MACD), and others, the platforms artificial intelligence sees a 5.1% increase by the end of the month.

(by Jordan Major)

Ethereum Ethereum $3,424.77
+2.26%
Ethereum Cryptocurrency
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