Ethereum

2024

Dora Factory

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 <p class="paragraph">As many assets in the cryptocurrency market start to resume their <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> increases, the sector’s largest altcoin – Ethereum (ETH) – has been one of them, and machine learning and artificial intelligence (AI) algorithms are fairly optimistic about its progress for the next several weeks.</p>
 <p class="paragraph">Indeed, Ethereum has been riding the current bullish wave in the crypto sphere, heightened by the exceptionally positive prediction by investment giant VanEck, which sees the second largest asset in the cryptoverse by market capitalization, reaching a whopping $22,000 by 2030.</p>
 <h2 class="wp-block-heading" id="h-ethereum-price-prediction">Ethereum price prediction</h2>
 <p class="paragraph">In terms of its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> prognosis for the near future, Ethereum might hit the level at $3,927.66 by as early as June 30, 2024, according to the advanced AI algorithm deployed by the crypto monitoring and forecasting platform <em>PricePredictions </em>retrieved by Finbold on June 6.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="431" src="https://cdn.thebittimes.com/images/2024/06/06/be00d9fa9ca1c62a8d77378bec417db0.webp" alt="30-day Ethereum price prediction chart. Source: PricePredictions" class="wp-image-181220" srcset="https://cdn.thebittimes.com/images/2024/06/06/be00d9fa9ca1c62a8d77378bec417db0.webp 1024w, https://cdn.thebittimes.com/images/2024/06/06/be00d9fa9ca1c62a8d77378bec417db0.webp 300w, https://cdn.thebittimes.com/images/2024/06/06/be00d9fa9ca1c62a8d77378bec417db0.webp 768w, https://cdn.thebittimes.com/images/2024/06/06/be00d9fa9ca1c62a8d77378bec417db0.webp 1442w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>30-day Ethereum price prediction chart. Source: </em><em>PricePredictions</em>
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 <p class="paragraph">Specifically, this would represent an increase of 2.12% from Ethereum’s price at press time provided that the prediction, which takes into consideration technical analysis (TA) indicators, such as relative strength index (RSI), Bollinger Bands (BB), moving average convergence divergence (MACD), and others, comes true.</p>
 <h2 class="wp-block-heading" id="h-ethereum-price-analysis">Ethereum price analysis</h2>
 <p class="paragraph">For now, Ethereum is changing hands at the price of $3,846.08, which represents a 1.42% gain in the last 24 hours, an increase of 2.83% across the previous seven days while adding up to the 24.06% advance accumulated over the past month, as per the latest charts on June 6.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/06/06/d5f5d85146109daaba61a623cd6ce24f.webp" alt="Ethereum price 30-day chart. Source: Finbold" class="wp-image-181219" srcset="https://cdn.thebittimes.com/images/2024/06/06/d5f5d85146109daaba61a623cd6ce24f.webp 750w, https://cdn.thebittimes.com/images/2024/06/06/d5f5d85146109daaba61a623cd6ce24f.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Ethereum price 30-day chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">As a reminder, the $90 billion asset manager VanEck raised its 2030 ETH <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> target to $22,000, influenced by “ether ETF news, scaling progress, and our read of onchain data,” as well as the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of how ETH and Bitcoin (BTC) perform in both traditional and crypto-only portfolios for optimal returns.”</p>
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    <p lang="en" dir="ltr">We've raised our 2030 ETH <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> target to $22K, influenced by ether ETF news, scaling progress, and our read of onchain data. Additionally, we've analyzed how ETH and BTC perform in both traditional and crypto-only portfolios for optimal returns. @Matthew_Sigel @Patrick_Bush_VE…</p>— VanEck (@vaneck_us) June 5, 2024
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 <p class="paragraph">In addition to the AI’s positive short-term prognosis, VanEck’s optimism suggests an overall positive sentiment regarding Ethereum’s future. However, it is important to keep in mind that trends in the crypto industry can sometimes shift, so doing one’s own research is critical when investing.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ai-sets-ethereum-eth-price-for-june-30-2024-tbt91640.html">https://thebittimes.com/ai-sets-ethereum-eth-price-for-june-30-2024-tbt91640.html</a></p>

AI sets Ethereum (ETH) price for June 30, 2024

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