The crypto price forecasts of the numerous self-proclaimed experts and analysts move somewhere between fear and greed. A real, i.e. accurate, price prediction cannot be made, and by anyone! Regardless of how many relevant indicators or chart analysis are used, this is where the technique fails and this is also true for cryptocurrencies.
An Ethereum price forecast is more of a look into the future. Reputable providers use at least relevant historical data to be able to identify trends for the most accurate prediction possible. But a lot of content on the Internet lacks any understanding of real research with meaningfulness.
But how can an Ethereum price forecast be created to inform customers and investors about possible buy and sell signals and to support crypto trading? We take a different approach to making statements about the future of the second largest cryptocurrency by market cap.
Bitcoin is somewhere between zero and 100,000 euros
Bitcoin is like the electric motor for the car industry. Sag said Philipp Sander in August 2017 in an interview with the WirtschaftsWoche. At that time the price of Bitcoin was 3,750 euros, today its price is 21,191.47 euros. Perhaps Professor Sandner recognized the potential of cryptocurrencies and blockchain early on. Or just stray into the blue to push your own business. Finally, also in 2017, he founded the Blockchain Center of the Frankfurt School of Finance and Management.
Some people say the Bitcoin is a new digital world currency, a payment system. Others see it as a fintech company, a kind of financial start-up. Still others refer to it as some kind of commodity, such as gold. Depending on which analogy you start with, you end up with a value between zero and 100,000 euros in ten years. Prof Philipp Sander source
With this forecast you can (almost) not be wrong and it makes no sense to trust such price forecasts, this also applies to the Ethereum price forecast. Just like Bitcoin, the first and most successful cryptocurrency to date, there can be no exact prediction of the further price for any asset. Forecasts like the one that cryptocurrencies will perform significantly better than stocks over the next twelve months are just as vague, but perhaps closer to the truth.
All Ethereum price forecasts are somehow correct
Fear and greed are two strong emotions. It is not for nothing that one of the relevant indicators is the Fear & Gear Index, which can also be applied to the price of cryptocurrencies.
Every Ethereum course forecast moves between two strong human feelings, after all the authors want as many people as possible to either read their content, watch their videos, buy their courses or follow their advice and invest in a specific asset.
Are Ethereum price predictions dubious if they use this tactic? The major technical upheavals in human history have always been accompanied by great emotions.
Let’s take the development of the microwave as an example. Their first serial productions were not very popular, since there was a widespread opinion of scientists that under the influence of waves, the molecular composition of products changes, which can lead to oncological diseases.
Cholesterol is formed in all foods that are cooked in microwave ovens. source
Each coin forecast reflects market sentiment
Times change, and with them people and technologies. If you need attention, you use the feelings of the readers and viewers. In order to create Ethereum price forecasts, content creators today only have to look through the archives and form new headlines from them. The truth probably lies somewhere in between. Where exactly, however, nobody knows!
the World online: Digital coins have no future (2017)
In the same way, blockchain will bring forth business models in a few years that we have not yet suspected of today, and they will revolutionize our lives. However, it is unlikely that anyone will then speak of Bitcoin.
Handelsblatt online: Why the world needs cryptocurrencies (2023)
Bitcoin and Co. are not only disruptive and stand for innovative strength, they also play an important role as a corrective for our crisis-ridden financial system.
Predictions like the Ethereum price forecast go with the times and the current mood on the market. The crypto market is currently characterized by low prices and crises. Smallest bright spots on the price charts are evaluated as a revival of the asset. If the price goes further down, the coin is on the verge of the abyss, at least that’s how many of the published forecasts see it.
In 2019, one bitcoin was priced at over $6,000. The Handelsblatt forecast a “Bitcoin restart“.
On February 26, 2022, the Ukrainian government appealed Twitter up for crypto donations and accepts Bitcoin, Ethereum or Tether.
Ethereum Price Prediction: The Truth 2023
The Fear and Greed Index tries to make emotions on the stock market visible. Stock market sentiment is one of the few relevant ways to use a sentiment indicator instead of various charts to predict price development. A large number of conclusions for investment decisions and strategies can be derived from this indicator.
The index ranges between two extreme emotions, although emotions really have no place in trading. And yet, it is the feelings that lead us to trust an asset or not. People like to be guided and like to use indices, guidelines, guides, instructions and also course forecasts as signposts.
Rather, Ethereum course forecasts should be understood as signposts and investors should not assume that the statements made by many websites are actually based on relevant data and facts.
There will be days when ETH will trade well below its intrinsic value. You could interpret this as a buy signal. However, if unbridled greed hits the market, ETH could be offered well in excess of what the coin should be worth. It could be a sell signal, some experts will say.
Chew Ethereum when other investors are fearful and sell your ETH when the market turns to greed. It is always just a snapshot that reflects the current mood among investors in the market. You have to decide for yourself whether you want to read an Ethereum price forecast from it or not.
Our Ethereum forecast 2023: somewhere between zero and 100,000 euros!
This is how crypto trading with ETH succeeds
Speaking of which, there are excellent startups in the crypto market whose utility tokens are based on ETH, since the developers use one of the token standards of the Ethereum network. In addition, via the technological connection to Ethereum, the tokens are linked to the stablecoin of Tether to the US dollar, the world’s leading currency, and correlate with its rate at a ratio of 1:1.
If you already own ETH, you can easily swap to USDT and, for example, den Put the C+Charge utility token in the depot. The project is aimed specifically at sustainable investors and drivers or owners of e-cars, because the platform offers a uniform payment system for public charging stations and charging points. In addition, customers and token holders collect points with each charge via the C+Charge platform. Valuable carbon credits can be exchanged with these points, which end up in the customer’s wallet as NFT.
The CO₂ certificates can be traded on marketplaces, which can be a lucrative investment, because the price per gigatonne of carbon dioxide will continue to increase over the next few years as part of national emissions trading. About a percentage of all transaction fees As a contribution to climate protection, C+Charge promotes the urgently needed expansion of the public charging infrastructure.
Investors who want to pre-sell C+Charge now but do not yet hold ETH can easily sign up using MetaMask or TrustWallet. Then simply load euros into the customer account and buy ETH or USDT. Both are possible to then request the token on the website by connecting the wallet. Once the pre-sale is complete, the tokens go into your wallet and then to the first exchanges, where trading is now open to every investor.
Conclusion: Every Ethereum price prediction moves partly between truth and fantasy. However, forecasts for financial markets often use the simple basic emotions of people who deal with money, namely fear and greed. Therefore, we have focused our Ethereum price forecast on the Fear and Geer Index and tried to explain how different price forecasts for cryptocurrencies and other assets can be. No one can predict exactly how the market will move or where a stock will go. Neither do we!
But with this Ethereum price forecast, it is possible to better evaluate many statements on the Internet and to derive your own conclusions for trading with Ethereum. Last but not least, C+Charge is a good optionwith Trade Ethereum or get into crypto trading.
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About the author: Stefanie Herrnberger works as a freelance speaker and editor. Her many years of professional experience in the areas of blockchain, cryptocurrencies and NFT offer her the perfect background to report on current news and developments on decentralized and central financial markets. Stefanie has been investing in cryptocurrencies herself for several years and therefore understands the challenges and opportunities for crypto traders.