To say that last year was a difficult one for the cryptocurrency industry would be an understatement, as the entire market lost roughly 64% of its value in 2022. Things were little different for Ethereum (ETH 1.65%), and the popular digital asset dropped 68% during the year. Investors are wondering if things will turn around in 2023.
Based on Ethereum’s recent price of about $1,265, a $2,500 price target implies roughly a 100% gain for the world’s second-most valuable cryptocurrency by…
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