Ethereum Price Prediction
At $589 (afternoon of 11/25/20), Ethereum is up 45% over the past month. In spite of the recent strong performance, Crypto Financial Planning’s analysis sees Ethereum is not too overbought on a long-term basis and ok to continue holding. Ethereum is ok to buy now, but investors should understand that Ethereum is currently moderately overbought and investors can expect some short-term volatility as it may revert to the mean in the short-term.
With respect to a price prediction, Ethereum 2.0 has provided recent strong demand for Ethereum as investors have staked their Ethereum. As Ethereum’s platform grows in the coming months and years with Ethereum 2.0’s launch, Ethereum looks positioned to grow significantly.
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