ETH Price Prediction: Today’s Ehereum Price, 25th Jan 2023

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25th Jan, 2023. 12:30 am
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Ethereum (ETH), the cryptocurrency that drives the Ethereum blockchain, has been consolidating ever since failing to surpass early November resistance around the $1,675 region toward the end of last week. As traders keep an eye on impending macro-drivers including the US Q4 2022 GDP growth results on Thursday and the December Core PCE inflation data on Friday, it was last drifting sideways in the $1,600s.

Both data points could have an influence on predictions for Fed tightening this year, which could have an impact on cryptocurrency. So far this year, crypto has risen as a result of reducing expectations for Fed tightening brought on by evidence of slower US inflation and GDP. In fact, Ethereum is still trading over 35% higher despite its recent retracement, which means the second-largest cryptocurrency in the world by market capitalization is on track to have its best monthly return since July 2022.

Today’s Ethereum Price

DATE	ETC	USD
Today	01	$ 1,616.09

Ethereum Price Prediction

Ethereum is predicted to trade slightly around $700 in one year, or 55% lower than current levels, by algorithm-powered cryptocurrency forecast source.

DigitalCoinPrice analysts aren’t as pessimistic. According to the system, Ethereum will conclude 2023 at about $3,450, an astounding increase of more than 100% from its present price.

Meanwhile, Ethereum is predicted to conclude 2025 at $5,150 per token before finally climbing to $11,700 in 2030, citing a recent study of 55 financial professionals performed by Finder.com. Anton Altement, the CEO and co-founder of Osom Finance, revealed why he is positive about ETH because last year’s Merge transformed it into a yield-bearing and deflationary asset.

He continued by saying that the pessimism brought on by Fed tightening should subside in 2023 and that worries regarding ETH staking that is still locked would soon be allayed by the impending Shanghai hard fork update that is anticipated at the end of this quarter.

According to the poll, source anticipates strong institutional demand for ETH in the upcoming years due to the advantages of the cryptocurrency. These include the roughly 5% income provided by staking, the post-Merge proof of work’s eco-friendliness, the fact that ETH is categorized as a commodity, and the existence of a regulated futures contract for ETH on the CME to protect against price volatility.

ETH Price Prediction: Today’s Ehereum Price, 25th Jan 2023

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