Ether price up 1.24%, forecasted to decline to $2,491 by year-end

Ether / US Dollar traded at 2,935.90 on Friday, November 8th, marking a rise of 36.00 or 1.24% from the previous trading session.

Ether price up 1.24%, forecasted to decline to $2,491 by year-end

Over the past four weeks, Ether has surged by 24.06%, reflecting strong upward momentum, while its price has increased by 42.60% over the past 12 months, showcasing its resilience in the crypto market. Trading Economics global macro models and analysts forecast Ether to decline to 2,491.42 by the end of this quarter, driven by expected market adjustments. Further projections suggest it could reach 2,138.84 in one year, with the broader outlook depending on various factors, including regulatory changes and technological advancements in the blockchain space.

Ether's price forecast amidst volatility and market uncertainty

Despite these forecasts, the volatile nature of cryptocurrencies means that Ether's price could experience significant fluctuations in response to shifting market conditions.