Price prediction for Ethernity (ERN) 2023 

Non-fungible tokens, or NFTs, have been the hot topic in crypto and blockchain for over a year now. Emerging a long time ago, they went big in early 2021, and in doing so, they attracted everyone.

 From regular people to artists, content creators, celebrities, and more, everyone seemingly developed an interest in NFTs at the same time, turning the previously small sector into a massive trend.

Platforms dedicated to offering safe access to NFT collections have emerged left and right, with Ethernity chain (ERN) being one of them. More than that, it is the leading marketplace for NFT collections launched by not only artists and creators but also celebrities. Finally, the platform also allows users to purchase NFTs for a good cause, helping support various charities. Price prediction for Ethernity (ERN) 2023 

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What is Ethernity (ERN)?

Ethernity was funded on the Polkastarter platform, with a crowd sale on March 8, 2021. To increase the value of its ERN coin, the project attempts to establish beneficial conditions for all active members of the community. 

Before launching ERN, Ethernity received strategic funding from Black Edge Capital, Morningstar Ventures, Spark Digital Capital, Woodstock, and Genesis Block Ventures.

Ethernity is working to promote NFT-based digital art and raise money for charity by forming collaborations with influential people in the blockchain, music, and entertainment industries. Based on the Ethereum network. 

ERN is a proof-of-stake (PoS) currency that uses the ERC-20 standard and is protected by the Ethereum blockchain.

The cryptocurrency Ethernity allows famous people to promote charity causes by selling advertisements for their artwork or custom card tokens. Ethernity’s simple NFT sales procedure can benefit artists, businesses, and influencers.

Ethernity (ERN) Current Market Status 

At the time of this writing, Ethernity sits in 455th place in terms of market capitalization, according to CoinMarketCap. ERN has 15,471,055 ERN in circulation, and its total market supply is 30,000,000 ERN. ERN has a 24-hour trading volume of $6,691,224.86, a 131.39% increase. In the past 24 hours, the ERN price has decreased by 8.51%.

Popular exchanges to trade Ethernity (ERN) are  Binance, Coinbase, KuCoin, Uniswap, and others.

Ethernity (ERN) Price Analysis 2022

 Will Ethernity’s (ERN) most recent improvements, additions, and modifications help the ERN price rise? First, let’s focus on the charts in this article’s ERN price forecast.

Ethernity (ERN) Price Analysis – Keltner Channel

 When volatility bands are positioned on either side of an asset’s price, it is possible to determine a trend with the help of the Keltner Channel. Ethernity (ERN) price can be predicted using the Keltner Channel indications for ERN/USDT. The price is in the second half of the channel, meaning people are selling ERN rather than loading. For a better risk-free scenario, we should wait for an upturn or a better entry point to improve the reward-to-risk ratio.

Ethernity (ERN) Price Analysis – Relative Strength Index (RSI)

During uptrends, the RSI tends to remain more stable than during downtrends. It makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI.

In contrast, the RSI tends to linger at lower levels. The value of the 1-Day chart is 24.90, indicating a downtrend. During a downtrend, the RSI rarely exceeds 70 and regularly reaches 30 or falls below this barrier. These rules can help determine the strength of a trend and identify possible trend reversals.

Ethernity (ERN) Price Analysis – Moving Average

The chart shows that ERN is now facing a downtrend since October. ERN is now trading below 200MA and 50MA lines, meaning the market is entirely bearish. 

However, the distance between the two moving averages is narrow, meaning that the market has chances for a reversal. For an excellent risk-to-reward ratio, it is better to wait for a few reversal patterns for crypto investors. 

Ethernity (ERN) Price Prediction 2022

Looking at the daily chart of ERN/USDT, the ERN price was swinging from $1.55  to $3.12 within the past 30 days. ERN is now inside a triangle, and if it breaks out of it and rises higher, it is possible that ERN can reach $3.218 

Meanwhile, our long-term ERN price prediction for 2022 is bullish if it cannot break the support level. We can expect ERN to reach $5 this year.

Ethernity (ERN) Price Prediction – Resistance and Support Level

The chart above shows that the price of ERN has decreased in the past few months. If this downtrend continues, ERN can break its current support at $1.422. 

If ERN reverses from its downward trend and breaks the resistance at $5, ERN is likely to reach $8. Technical indicators caution traders. However, if bulls continue to influence the ERN market, a prolonged bullish trend is inclined.

How to Buy Ethernity Chain(ERN)

Currently, Ethernity Chain (ERN) is available for purchase on the following exchanges.

Binance is best for Australia, Canada, Singapore, the UK, and most of the world. USA residents are prohibited from buying Ethernity Chain (ERN). Use Discount Code: EE59L0QP for 10% cashback of all trading fees.

KuCoin: This exchange currently offers cryptocurrency trading for over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens. This exchange currently accepts International & United States residents.

Ethernity (ERN) Price Prediction 2023

Ethernity (ERN) could end the year 2022 with a relative strength index (RSI) value of more than 70. It shows that the trend is solid and bullish and will trade above $8 by 2022. Hence, we could expect the price of ERN to surge to at least $12.4475 by the end of 2023

Month	Minimum Price	Average Price	Maximum Price
January 2023	8.89995	8.9	8.90006
February 2023	9.25895	9.259	9.25906
March 2023	9.50395	9.504	9.50406
April 2023	9.86895	9.869	9.86906
May 2023	10.15395	10.154	10.15406
June 2023	10.41995	10.42	10.42006
July 2023	10.56795	10.568	10.56806
August 2023	10.84895	10.849	10.84906
September 2023	11.21835	11.2184	11.21846
October 2023	11.67025	11.6703	11.67036
November 2023	12.05245	12.052	12.05256
December 2023	12.44745	12.447	12.44756

Ethernity (ERN) Price Prediction 2023

In Conclusion 

As a safe and trusted environment tailored specifically for NFTs, Ethernity Chain is in the perfect position to bring artists, influencers, and even major brands, and grant them access to a secure, easy-to-use platform where they can sell their NFTs and NFT collections which have grown to become quite popular among collectors.