ETH Price Prediction: Today’s Ehereum Price, 29th Dec 2022

Ethereum Price Prediction

Ethereum has had a challenging year, with its value falling by 75.5% from its all-time high and 70.4% in only one year.

However, Guy of Coin Bureau, a well-known cryptocurrency expert, predicts that the biggest smart contracts token could have an amazing year in 2019.

Guy thinks that the upcoming Ethereum Shanghai upgrade, which is planned for Q1 2023, would cause Ether’s positive trend to reverse. The expert thinks that investors will be drawn to stake their own tokens for a potentially stress-free investing experience if billions of dollars’ worth of tokens locked up in smart contracts are released.

“They could be motivated to truly stake themselves if they discover that ETH can be unstaked and sold with ease. So, in my opinion, anything might happen. Now, if there is some selling, I wouldn’t be surprised in the least if it were slightly bearish in the near term “Guy stated in his Q&A video.

“I believe Shanghai, providing it goes through without a hitch like the Merge did, then I think 2023 might be a really important year for Ethereum and for ETH,” Guy said. “I think the future for ETH is so, so bright.

It’s improbable that Ethereum will reach five digits in 2023, claims a crypto specialist. Guy anticipates a sideways trajectory for the cryptocurrency this year instead.

The Ethereum price needs to retain support at $1,062 to prevent a potential collapse to $843, according to Rekt Capital, a pseudonymous crypto trader and analyst, who tweeted this to their 330k followers.

The cryptocurrency markets are undoubtedly in a pessimistic mood, but as in previous instances, they are notorious for making quick corrections.

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