Machine learning algorithm sets Ethereum price for July 31, 2023

Machine learning algorithm sets Ethereum price for July 31, 2023

Amid the broader market rally, the price of Ethereum (ETH) saw notable gains in recent weeks as crypto investors moved to capitalize on the ongoing hype around institutional adoption.

To obtain further insights on ETH’s possible price action in the short run as the second largest asset by market cap looks to reclaim the crucial $2,000 price level, Finbold analyzed the predictions by the machine learning algorithm over on the crypto monitoring and prediction platform PricePredictions on July 3 to gauge insight into where it will trade by the end of the month.

Notably, the algorithm expects Ethereum to be $2,105 on July 31, 2023, which, if materialized, would represent a price surge of more than 7% from its price