In today’s exchanges, the global crypto market capitalization has increased by more than 1%. In the case of Ethereum, the price increases were even a little stronger. Ethereum is currently up around 1.35%, while Ether is trading around $1215 at this time. In the past 24 hours, the price range has been between $1194 and $1219. According to data from Coingecko, the trading volume was $3.6 billion and therefore still at a rather manageable level. Nonetheless, the bulls are showing a reaction to the start of the new crypto year. Now, Ethereum price is approaching an exciting price level – bullish setups might be confirmed in due course. At the same time, early analysts forecast a positive price development of Ethereum in 2023 and also consider that outperformance against Bitcoin is possible.
Analysts are also bullish on the new Dash 2 Trade Coin. With the $12 million milestone hit, the price prediction for D2T increases, which considers a pump after the ICO next week to be possible.
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Ethereum Price Prediction 2023: These price targets are important in the short term
With a daily high at around $1219, the bulls were initially able to sustainably breach the psychologically important barrier of $1200. Now, that could happen as early as the start of the year – the bulls want to break the massive downtrend and spark a rally. The GD21 is currently trading at around $1215, not far from the current price. If the Ethereum price could even break above the GD50 at $1222, a technical buy signal would be given.
The next targets would then be resistance around $1239 before Ethereum bulls can turn towards the GD100 at the psychologically important $1300 level. On the other hand, keep an eye on the support zone around $1150. If Ethereum falls below this level, another selloff seems likely.
Ethereum is testing a long-term downtrend
Early crypto influencers also see potential for Ethereum price action given the downtrend of the past year. Since the short has recently been halted, sideways consolidations have dominated. The declines have lost momentum. Weakness in the bears could now be used to break the long-term downtrend.
This speaks of an outperformance of ETH in 2023
The FTX crash led to a massive correction in cryptocurrencies, the bear market was already in full swing. Undoubtedly, 2022 brought a series of bad news for crypto investors. But there is also positive news that will affect Ethereum’s price prediction for 2023. Because the move from energy-intensive proof-of-work to proof-of-stake has been successful. However, the hoped-for buying impulses did not materialize. With the Shanghai upgrade in Q1 2023, deflation, and plenty of momentum from high-growth layer 2, Ethereum’s valuation may well change in 2023. Bloomberg analyst Mike McGlone also assesses this. as following :
Ethereum outperformance in 2023: But Dash 2 Trade could explode in January
As price predictions increasingly believe that Ethereum has strong recovery potential for 2023, native ERC-20 token D2T could already be trending positively in January. Because they’ve hit the $12 million mark right now. The Dash 2 Trade presale is enjoying positive momentum despite the bearish market. The presale will last less than four days, the dynamic could accelerate. At the same time, it only takes a few days for the ICO to take place on January 11. Four listings have already been confirmed for D2T. Due to the massive liquidity of Uniswap, LBank, ChangellyPro, and BitMart, the new Dash 2 Trade cryptocurrency may soon generate hype.
Buy Dash 2 Trade in presale now
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