Ethereum has been stable for weeks, trading in an annoying fixed range. That could soon change, because: ETH forecasts are slowly turning bullish again, see the light at the end of the tunnel. March 2023 will now be critical for ETH bulls, why?
Ethereum: Staking as a course driver?
Ethereum starts 2023 like all other large-cap cryptocurrencies: with status quo. Since the bitter crash in early November 2022, the leading smart contract platform has been stuck in a fixed range, unable to break above $1,336 (Coinmarketcap.com data). Price high in past two weeks: $1,224. So far, there has been nothing else.
However, this could change in the foreseeable future. Initial forecasts for Ethereum are confident that the coin can shake off the downtrend and generate strong upward momentum in the first half of 2023. The pseudonymous crypto strategist from popular YouTube channel InvestAnswers is therefore optimistic.
The bullish factor for Ethereum is therefore the activation of the ETH staked in March. Background: Hundreds of thousands of users currently stake a large portion of their Ethereum holdings, but cannot access these coins because they are locked. This will change in March 2023: From then on, stakers should also be able to withdraw their staked ETH – the staking function will then be fully usable.
This move, in turn, could encourage institutions to start staking as well, InvestAnswers believes, with corresponding consequences for the price of ETH. The analyst:
“Enabling withdrawals on the beacon chain might give stakers more confidence to stake more. or more to recover their ETH will sell – and this will cause some selling pressure.
At the same time, however, the charting expert also believes that there will be a lot more staking as a result of the selling pressure – “even institutions that want to get some of the 5% for ETH staking, that which will also perform in the next bull run will be a growing asset”.
Here is the full Ethereum forecast from InvestAnwsers.
The merger: a delayed bull run?
Miles Deutscher, one of the most popular crypto influencers, also expects positive Ethereum performance. In a new forecast for 2023, the American writes to his 264,000+ Twitter followers: He expects a strong year for Ethereum, sees cryptocurrency dominance climb to 2018 levels.
Even the mega upgrade “The Merge” is not yet fully priced into the current price. In other words: Deutscher assumes that The Merge will have a delayed effect on Ethereum – and that the price will move significantly in 2023. His Ethereum prediction for 2023:
“I predict that ETH will maintain its relative strength against the market and BTC for most of 2023 and into 2024.”
The presale ends! Dash 2 Trade just before exchange quotes – enter now?
The forecast for the new cryptocurrency Dash 2 Trade (D2T) is also positive: the trading platform has been causing a stir for weeks with a sensational pre-sale and was able to raise more than $12.4 million in capital from pre-sale investors. ! Now less than 7% of all tokens are still available, the presale will end in three days – and with a bang, because: Immediately after the presale, Dash 2 Trade will be listed on a crypto exchange – on January 11 it will be already time! Traders know this: IPOs are often accompanied by a massive price increase.
Additionally, crypto influencer Jacob Bury has been bullish on Dash 2 Trade for weeks, pointing out that Dash 2 Trade is one of the best pre-sales to invest in in 2023. Here he explains why this is so: