Ethereum to Turkish Lira Signals and Price Predictions

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Anton Kharitonov, analyst at Traders Union, believes that Ethereum will be traded at TRY 102,425.6 by the end of 2024, TRY 112,702.86 by the end of 2025, and the coin could be worth TRY 181,788.74 by 2030.

The ETH/TRY currency pair has a very high volatility, making it a high-risk instrument. The price change in a day could reach 4-5%, and 10-12% in a week. Unlike traditional currency pairs, this instrument can be traded 24/7 on cryptocurrency exchanges.


The chart shows a clear upward trend starting from mid-2022, primarily due to the recovery of the cryptocurrency market. Certain drawdowns of around 15-20% can be seen in certain parts of the chart. Despite the decline in the value of the Turkish lira and optimistic sentiment among cryptocurrency investors, there is still pressure on the ETH/TRY price from regulatory authorities and legislative restrictions on cryptocurrencies.


In our article, you will be able to learn the latest price forecasts and signals on the ETH/TRY currency exchange rate for 1 hour-1 week. ETH/TRY forecasts and signals are based on the technical analysis indicators.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.

Ethereum price prediction for 1 day and for 1 week

Short-term Ethereum forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out Ethereum forecast for today.

NOTE!

Signals may differ on different timeframes. If you want to buy ETH and hold it for longer than one week, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions

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Indicator Based Technical Analysis of ETH/TRY

To find a better entry point, also find out what TradingView technical analysis tool signals for the Ethereum (ETH/TRY) price. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

What Influences ETH/TRY Long-term Price Forecast

Fundamental factors impacting Ethereum play the key role in the ETH/TRY currency pair. The cryptocurrency market has a high volatility due to the lack of regulation of demand and supply, which are formed by buyers and sellers. The price of the Turkish lira depends on the monetary policy of the Central Bank – these are secondary factors.


Key factors impacting the ETH/TRY price:

  • Overall market situation. ETH/TRY quotes may depend on the overall condition of the cryptocurrency market and financial markets in general. If the market sentiment is positive, the Ethereum price rises.
  • Actions of regulators. Rejection of issuance of licenses to largest cryptocurrency exchanges, restriction of cryptocurrency circulation, etc. lead to negative moods of investors. The money is invested in other assets, and the ETH price against the lira drops.
  • Other fundamental cryptocurrency factors. Bankruptcies of exchanges, large crypto startups lead to loss of trust in the instrument and cause the price to decrease.
  • Local regulation and legislation. Decisions and actions of Turkish authorities regarding regulation of cryptocurrencies and blockchain technologies can negatively impact the demand for Ethereum in Turkey.
  • Global events and news. Global events, such as economic crises, political instability, or technological breakthroughs, and news related to Ethereum or Turkey could cause price fluctuations in the pair.
  • Monetary policy of the Central Bank, Finance and Treasury Ministry of Turkey.

BTC remains the driver of the cryptocurrency market, with quotes of other coins, including ETH, following suit. Therefore, changes in the Bitcoin price will lead to the changes in the Ethereum price.

ETH/TRY Chart Online

Latest exchange rates online

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

How high is ETH expected to go?

Analysts believe that in the next 1-2 years, the ETH/TRY price could reach its all-time high.

Can Ethereum reach 100,000 TRY?

At its price peak, the ETH price exceeded 62,000 Turkish lira. Theoretically, it could reach TRY 100,000 if the lira continues to devalue and the price of BTC increases at least twice from its current price.

Should I buy ETH now?

There are the following reasons to buy ETH: you see an upward trend, there is still a way to go until the all-time high, there are fundamental factors that support the growth. If all these factors are in place, then you can buy ETH.

What strategies are suitable for the ETH/TRY currency pair?

Given the prerequisites for further devaluation of the lira and the growth of the cryptocurrency market, in the long term it makes sense to bet on an uptrend. Swing trading and channel strategies work on H1-H4 timeframes.