Ethereum Cryptocurrency Prediction using ML procedures on Recurrent Neural Network using LSTM Model

Forecasting the value of Ethereum (ETH) or any other cryptocurrency is a formidable undertaking owing to the inherent volatility and speculative characteristics shown by these digital assets. Nevertheless, it is possible to create price forecasts by using machine learning techniques, namely Recurrent Neural Networks (RNNs), which are capable of capturing temporal relationships within the data. The challenge of forecasting the price of Ethereum (ETH) or any cryptocurrency is a multifaceted endeavour that encompasses aspects of finance, economics, and data science. The practise of technical analysis is the examination of past price charts, patterns, and technical indicators in order to make forecasts about future price fluctuations. The underlying assumption is that previous pricing patterns had the capacity to provide valuable insights into future developments. Nevertheless, it is essential to acknowledge that the effectiveness of technical analysis within the realm of cryptocurrency trading is a subject that engenders much scholarly discourse. The primary objective of this research is to examine the utilisation of Ethereum cryptocurrency and forecast its behaviour via the use of machine learning methodologies, namely Recurrent Neural Networks. The suggested approach demonstrates a high level of accuracy, reaching 95 percent. This significant level of precision will be beneficial for future academics working on this technology.