Machine learning algorithm sets Ethereum price for October 31, 2023
Amid a difficult week for a large part of the cryptocurrency market, Ethereum (ETH) has continued to record losses, and machine learning (ML) algorithm s predict more bad times for the second-largest digital asset by market capitalization in the near future. Specifically, ML-based algorithm s used by the cryptocurrency price forecasting platform PricePredictions set the price of Ethereum to reach $1,484.94 by October 31, 2023, as per the most recent information obtained by Finbold on October 12. Ethereum 30-day price forecast. Source: PricePredictions Provided that this prediction, relying on indicators such as relative strength index (RSI), Bollinger Bands (BB), and moving average convergence divergence (MACD), proves correct, it would represent a decline of 4% to the current price of Ethereum. On the other hand, the price prediction algorithm over at the crypto analytics website CoinCodex is rather bullish on Ethereum, placing its price at $1,784.76 by the last day of Octo