Amid a difficult week for a large part of the cryptocurrency market, Ethereum (ETH) has continued to record losses, and machine learning (ML) algorithms predict more bad times for the second-largest digital asset by market capitalization in the near future.
Specifically, ML-based algorithms used by the cryptocurrency price forecasting platform PricePredictions set the price of Ethereum to reach $1,484.94 by October 31, 2023, as per the most recent information obtained by Finbold on October 12.
Ethereum 30-day price forecast. Source: PricePredictions
Provided that this prediction, relying on indicators such as relative strength index (RSI), Bollinger Bands (BB), and moving average convergence divergence (MACD), proves correct, it would represent a decline of 4% to the current price of Ethereum.
On the other hand, the price prediction algorithm over at the crypto analytics websiteCoinCodex is rather bullish on Ethereum, placing its price at $1,784.76 by the last day of October, which wou
We współpracy z: https://finbold.com/machine-learning-algorithm-sets-ethereum-price-for-october-31-2023/
