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Ethereum’s price movement in the last 7 days has stirred the crypto market, raising several predictions for the crypto by both technical analysts and artificial intelligence, ChatGPT.

On June 15, 2023, Ethereum’s market price was $1,650.50. However, the strong bullish momentum on its price sent it to $1,716.67 by June 17.

Although the crypto had traded within the $1700 level in the last four days, recording $1,727.19 on June 18 and $1,792 on June 21, Ethereum has reached a new price level today, June 23.

At the time of writing, Ethereum (ETH) is trading at $1,878.40, with a 0.77% price difference compared to its last price on the historical data (June 22).

Considering the recent bullish signals of this cryptocurrency, many crypto enthusiasts may rely on the correlating price prediction of experts and AI tools like ChatGPT, hoping it could reach the $2000 mark before 2023 ends. As such, here’s a price prediction for Ethereum in the short and long-term by ChatGPT.

ChatGPT Price Prediction for Ethereum 2023

The OpenAI product, ChatGPT, is an artificial intelligence model that has experienced an exponential growth level since its release. Its diverse utility includes information research and prediction.

ChatGPT is not a 100% prediction tool, especially for digital currencies and some other digital assets. However, its predictions can provide investors and crypto enthusiasts with a higher viewpoint concerning the outlook of crypto.

According to Analytics Insight, ChatGPT predicts Ethereum in the bullish market to trade between the values of $16,391 and $18,213 by the end of 2023.

On the other hand, the bearish outlooks of ChatGPT’s prediction showcased Ethereum to experience potential price dips to $2000 or further to $1,000 also by the end of 2023.

Since ChatGPT’s prediction for Ethereum by the end of the year is not definitive, the technical analysis of the crypto on Tradingview could hint at what to expect in the nearest future.

Ethereum Short and Long-Term Price Outlook Based on Technical Indicators

Ethereum
Source: Tradingview.com

The technical indicators on the crypto analytics platform, Tradingview, signal bullish trends for Ethereum in the short and long term.

ETH’s Moving Average Convergence/Divergence (MACD) indicator is above the signal line, confirming the strong bullish momentum of the crypto’s price. Considering the bold green bar on the histogram, ETH is likely to uphold its green candlestick throughout today.

Also, the 50-Day and 200-Day Simple Moving Averages (SMA) are below Ethereum’s current price, indicating the asset’s short and long-term bullish market.

As such, ETH is prone to prolong green days in the coming days to weeks, tipping at the possibility of the crypto reaching $1900 in the next few weeks.

The Relative Strength Index (RSI) indicator shows a neutral market position of Ethereum, sitting at 59.01. Its slight horizontal movement indicates a competitive market between the buyers and sellers. 

If SELL trades increase more than the BUY trades, the RSI could plummet, projecting an approach toward the oversold zone (below 30) and a trend reversal. 

However, if BUY trades surpass the SELL trades, Ethereum’s market position could fall into the overbought zone (above 70), making it overvalued in the crypto market. 

This could set Ethereum on a bullish run, thus recording the explosions as predicted by ChatGPT. Besides Ethereum, here are some promising tokens that could experience bullish trends in the future.

Launchpad XYZ (LPX)

Launchpad XYZ crypto is a digital currency that helps new blockchain projects raise funds and gain exposure.

It acts as a platform where investors can participate in token sales and support innovative projects. It simplifies the process of launching and investing in new cryptocurrencies.

Launchpad XYZ offers its users all the tools they need to succeed in web3, which involves insights, learning, trade analytics, alpha, and strategy. 

The project provides relevant training and extensive materials required to be a successful trader and empower web3 users of any experience level to improve their profit.

Launchpad XYZ simplifies Web3, making its difficult world easier and allowing users to know how things are done, what possible risks are, and how to handle them safely.

It supports users in learning and understanding the web3 ecosystem, from comprehensive analytics and acumen to new and marketing ways, showing which projects could be the next BAYC with significant financial upside.

Investors use Launchpad XYZ’s blazing-fast trading terminal to execute trades at optimal times once they create the trading framework. The project focuses on appealing to market-leading liquidity investors and ensuring their trades are complete. 

Currently, Launchpad XYZ presale has hit a milestone of $1,029,623.33. Notably, as of the time of writing, the asset is selling at $0.0445, with the next price at $0.046.

Ecoterra (ECOTERRA)

Ecoterra ($ECOTERRA) is a meme green crypto project which intends to alleviate Carbon emissions and project a green future.

Furthermore, the project anticipates providing a habitable environment with little or no carbon emissions into the atmosphere. So, to materialize this vision, the project team adopted blockchain technology to speed up the process by recycling materials.

Notably, the team plans to offset carbon by creating an ecosystem and a token for utility ($ECOTERRA). With this, individuals will be engaged in some activities on the platform.

$ECOTERRA Presale Performance

The Ecoterra presale has made dramatic records ever since its presale commenced. The token raised $2 million, and in 3 weeks, it started. Notably, the project team announced via its Twitter page on May 2, 2023, that its token raised $2.8 million.

On May 5, 2023, the project continued with its success and hit another milestone on its presale, reaching $3 million. Notably, within 5 days, the presale made an additional $400K as it raised $3.4 million on May 10, 2023.

As of May 12, 2023, the presale hit another milestone, raising $3.5 million. The project’s success was so remarkable, and on May 15, 2023, it raised $3.7 million.

Notably, the Ecoterra token keeps recording success; on May 26, 2023, it reached $4.3 million, and on June 9, 2023, it raised $4.9 million. As the presale continued, the Ecoterra project announced on Twitter that its presale had hit $5 million on June 12, 2023.

Furthermore, Ecoterra, via its Twitter handle, on June 22, 2023, shared that its presale hit a remarkable milestone as it crossed the $5.250,000 mark. Today, June 23, 2023, the presale continued making progress and has raised $5,347,739 as of the time of writing.

Wall Street Memes (WSM)

Wall Street Memes (WSM) crypto is a digital currency that gained popularity in online communities, particularly on social media platforms.

It started as a meme or joke within the financial and investment community but eventually evolved into a real cryptocurrency project. 

WSM aims to combine the world of cryptocurrencies and meme culture, appealing to a younger demographic. WSM operates on the blockchain network, a decentralized digital ledger that records transactions securely.

 It allows users to buy, sell, and trade WSM tokens, the digital assets associated with the project. Like other cryptocurrencies, WSM offers the potential for investment and speculative trading.

WSM gained attention due to its humorous and satirical nature, often referencing Wall Street and traditional finance in its memes and content. 

$WSM Presale Success

Wall Street Memes is offering its $WSM tokens in its presale fundraising campaign, which has raised over $9.8 million and is approaching the $10.8 million milestone.

Before the end of the presale, Wall Street Memes will be boasting up to $10.8 million in fundraising in the presale. Remarkably, the project raised $4 million on June 5, 2023, and $5 million on June 9, 2023. The presale of $WSM maintained its success and reached $6.2 million on June 14, 2023.

According to Analytics Insight, on June 16, 2023, the token raised $7 million, and as of today, June 23, 2023, it reached $9,851,907.91 against its benchmark of $10,812,000.

The current price of 1 $WSM is 0.0301, and in the next few days, the price will increase to $0.0304. As more presale stages come, the token’s price will keep increasing.

Interested investors should take advantage of these discount prices to scoop enough $WSM tokens before the end of the presale.

Once the token list on several exchanges, including Centralized Exchanges (CEX) and Decentralized Exchanges (DEX), it will be accessible to a wide range of crypto enthusiasts, thus boosting the value of $WSM.

Irrespective of the promising price outlook of these cryptocurrencies, it’s important to remember that they’re volatile and can vary from expected price actions. Always thoroughly research the volatility and potential market fluctuations before investing in any cryptocurrency.

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