The dynamics of the main cryptocurrency is influenced by many factors that investors are purely physically unable to take into account. In this regard, users are increasingly resorting to artificial intelligence. Finbold experts decided to find out the forecast for Ethereum at the end of this year from the CoinPriceForecast machine learning system.
According to the information provided, by the end of 2023, the main altkoin will reach the mark of $ 2146, which is 31% more relative to current values. It is worth considering that as new introductory AI appears, it can adjust its forecasts to provide users with the most relevant information.
Judging by the technical metrics of Tradingwiev, bullish sentiment prevails in the market, and therefore, the possibilities for opening a long position can be considered. The dynamics of Ethereum was also commented by the famous cryptanalyst Michael van de Poppe. He believes that the demand area $ 1600 can be the optimal point for entering purchases. He also emphasized that the upcoming Sepolia update, scheduled for February 28, could have a beneficial effect on the dynamics of the main altkoin.
Earlier, Michael van de Poppe shared his opinion on the impact of recent US macroeconomic data on Bitcoin behavior. It became known that according to the results of the fourth quarter, American GDP grew by 2.7% with forecasts of 2.9%.
Some experts believe that a slowdown in economic growth will force the Fed to extend the period of high refinancing rates.
However, Michael van de Poppe believes that investors have nothing to fear, since the risk of developing a recession in the American economy remains low. Moreover, the expert suggests that soon the bitcoin will reach a round mark of $ 30,000.
