Ethereum Expected to Hit $5,000 by the Close of 2023, According to Crypto Enthusiasts

According to a recent survey conducted by OKX, the majority of respondents believe that Ethereum (ETH) will hit a new all-time high of $5,000 by the end of 2023. In fact, 63% of those surveyed predict this milestone will be reached. Additionally, 83% of respondents expect to see more ETH being staked over the next three months. Currently, ETH is trading at $1,876.17, with a 24-hour gain of 0.42%, and a weekly gain of +2.79%, as per CoinMarketCap. However, it has been outperformed by Bitcoin (BTC) in the past 24 hours, with a decrease of 0.18% against BTC.

The recent chart analysis suggests that ETH’s price has established a peak at $1,942.98 on Wednesday but has retracted back down to the $1,850 mark. If ETH’s price fails to close above this level by the end of the day, it may drop to the next minor support level at $1,781 within the next 14-48 hours.

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