קריפּטאָ קאַמיוניטי אַנטיסאַפּייץ אַן בוליש פּרייַז פֿאַר עטהערעום ביז סוף אקטאבער 2022 

Crypto community anticipates bullish price for Ethereum by end of October 2022 

די קריפּטאָקוררענסי מאַרק is again showing signs of recovery, with most of its assets trading in the green – both in their daily and weekly charts – including one of its largest tokens – Ethereum (עטה), leading the crypto community to predict its further improvement by the end of October.

As it happens, the community votes at קאָונמאַרקעטקאַפּ have projected that Ethereum’s token would trade at a median price of $1,578 on October 31, 2022, according to the latest data retrieved using the platform’s ‘Price Estimates’ tool on September 27.

Notably, the crypto community’s price forecast for עטהערעום, the result of 2,244 cast votes, indicates an increase of $186.89 or 13.34% from its current price which at press time stood at $1,391.65.

Social Ethereum median price estimate for October 31. Source: CoinMarketCap

In terms of forecasts for the end of November, they are slightly less בוליש, presently standing at $1,565.99 by 1,104 votes cast, which would represent an increase of $174.34 or 12.53% to the decentralized finance (דעפי) token’s current price.

עטהערעום פּרייַז אַנאַליסיס

With several exceptions, Ethereum has been moving in a downward trajectory since the year’s turn, losing nearly 63% of its price as it dropped from $3.722 on January 1, 2022, to its current state, as per CoinMarketCap data.

Ethereum YTD price chart. Source: CoinMarketCap

As things stand, the price of Ethereum is recording a 6.98% increase on the day, as well as a 3.26% gain across the previous week. The total market cap of the second-largest token by this indicator stands at $387.96 billion.

Interest in selling ETH rises, JPMorgan is ‘concerned’

Meanwhile, Google search interest in selling Ethereum has grown 16% over the past year, whereas the ינוועסטער interest in disposing of Bitcoin (בטק) has recorded a 12-month low, as פינבאָלד געמאלדן.

אין די זעלבע צייט, באַנקינג giant JPMorgan Chase (NYSE: דזשפּם) has expressed concerns over the network’s future after the recent צונויפגיסן upgrade which officially marked the blockchain's transition from the דערווייַז פון אַרבעט (PoW) to the proof-of-stake (PoS) validation algorithm.

אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן. 

Source: https://finbold.com/crypto-community-anticipates-bullish-price-for-ethereum-by-end-of-october-2022/