Ethereum is a decentralized, open-source blockchain system. It features its own cryptocurrency, Ether (ETH). How does a price prediction for Ethereum and its native crypto look for June 2023?
Currently, ETH is trading at $1,896.31, according to CoinMarketCap. Throughout May, Ethereum price saw a drop, trading in red most of the month after a strong April. However, after trading in the low $1,800 range and even below, ETH has since seen a rebound. Here’s our Ethereum price prediction for June, and how ETH may look towards the end of the month.
Ethereum (ETH) Price Prediction for June 2023
The recent rise in the price of ETH is in part thanks to Lido enabling ETH withdrawals on its staking platform. Towards the end of May, ETH rose back up to the upper $1,800s and even peaked above $1,900 some days. With the new withdrawals on the Lido staking platform, as well as the Shapella upgrade going live earlier this year, Ethereum is expected to continue to jump, possibly to a new breakout point.
According to market watchers at Changelly as well as our own analysis of the current ETH price, Ethereum can reach a high of $1,963.99 in June. Conversely, Ethereum can once again see a drop to $1,796.02, although it’s unlikely. On average, one can expect ETH price to hover in the high $1800 range, touching $1,900 on multiple occasions as a potential breakout to $2,000 may be coming.
While these are just price predictions, it appears that a potential bullish state may be coming for Ethereum.