The Ethereum price has dropped 1% in the last 24 hours to trade at $2,220 as of 10:00 a.m. EST.

But crypto analyst Ali Martinez says the intelligent contract platform ETH is gearing up for a substantial upswing.

Martinez asserts that the current valuation of ETH could increase by 60% following a period of accumulation, marked by a surge in asset acquisition by a larger cohort of individuals.

#Ethereum is currently retesting its breakout zone from an ascending triangle, hinting at preparation for a further climb.

The price range between $2,150 and $1,900 could be the ideal zone for accumulation before #ETH sets its sights on a higher target of $3,500. pic.twitter.com/6lGZT0ZKgv

— Ali (@ali_charts) December 20, 2023

Ethereum Price Prediction

Looking at 1-hour ETH/USD charts, the future Ethereum price trajectory is uncertain as the Relative Strength Index indicator moves north. In contrast, the MACD indicator heads toward the red zone, showing action between bulls and bears.

The Ethereum price is also within range, showing the possibility of a break out on either side. 

The Ethereum price is volatile, as seen from the Bollinger Bands, which are presently diverging. This can be attributed to increasing trading activities that have seen ETH’s trading volume surge by 26% in the last 24 hours. 

1-hour ETH/USD charts | Source: TradingView 

The Ethereum price is, however, more likely to increase, as seen by the increasing number of addresses on Ethereum. This means increased attention to Ethereum, which could contribute to a price pump.

#Ethereum network is showing signs of robust expansion! A steady increase in the number of new $ETH addresses, consistently hitting higher highs, is a bullish sign.

This growing network activity could set the stage for #ETH to resume its upward price trajectory soon! pic.twitter.com/eYX4HUGOhE

— Ali (@ali_charts) December 20, 2023

For investors looking for more potential upside, yPredict’s YPRED presale is one to watch. It’s widely seen as a standout AI token amid a presale that’s raised $5.6 million.

🚀 Exciting News in the Crypto Space! 🌐🔮

yPredict (YPRED) presale surges past $5.5M with just $1M left to reach its $6.5M hard cap! 🚀

🤖 AI-powered trading tools
💡 Data-driven insights for traders
💰 Staking rewards up to 45%
📈 Presale price $0.11 – Listing at $0.12… pic.twitter.com/FnUxZTjJLk

— yPredict.ai (@yPredict_ai) December 16, 2023

Ethereum Price Prediction: Is YPRED A Better Investment?

yPredict has emerged as a game-changer, harnessing the power of artificial intelligence on the Polygon network.

The platform aims to empower retail crypto investors with institutional-grade insights, offering services that include AI-powered trading signals, predictive analytics, and various trading tools.

At the heart of yPredict’s offerings is a prediction marketplace where data scientists can monetize tailor-made models. This fundamental service bridges the gap between retail and institutional investors, providing retail traders access to high-caliber insights.

Additionally, yPredict features an AI section offering free cryptocurrency price forecasts, allowing users to glimpse the platform’s capabilities before opting for premium services.

Central to yPredict’s ecosystem is its utility token, YPRED, which serves as the key to unlocking the platform’s advanced features. Investors utilizing data scientists’ algorithms on the platform will earn YPRED, creating a mutually beneficial relationship.

To incentivize token holders, yPredict offers staking rewards of up to 45% each quarter, providing a passive income stream while contributing to the network’s growth.

Notable figures in the crypto industry, such as Jacob Bury, foresee the token having substantial upside on listing. 

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In the burgeoning space where blockchain meets artificial intelligence, yPredict emphasizes predictive analytics and trading solutions. The platform’s experienced team, comprising experts in AI, finance, and cryptocurrency, positions yPredict as a formidable player in the market.

Presale Success: Fueling Growth For The Future

With an impressive $5.6 million in presale support, yPredict has garnered substantial funds to fortify its platform and enhance its AI models.

As investors increasingly seek analytical advantages in the tumultuous crypto markets, yPredict appears poised for sustained long-term growth.

yPredict’s YPRED presale marks a significant milestone, offering investors a gateway to enhanced trading capabilities backed by cutting-edge AI.

As the platform continues to evolve, exchange listings and a robust ecosystem fueled by the YPRED token position yPredict for a promising future in crypto intelligence. 

To buy YPRED, visit yPredict here.

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• Source: https://insidebitcoins.com/news/ethereum-price-prediction-analyst-sees-60-eth-upside-but-is-this-presale-among-the-best-ai-coins-to-buy-now