Ethereum

2024

United

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 <p class="paragraph">As the majority of the cryptocurrency market resumes its upward move, Ethereum (ETH) is among the assets leading the charge, and artificial intelligence (AI) platforms see more bullishness and advances for the largest altcoin by market capitalization in 2024.</p>
 <p class="paragraph">Indeed, Ethereum has skyrocketed almost 10% in the last 24 hours, as it moved to recover from the recent hiccup that saw it accumulate a decline of over 11% on its weekly chart, and advanced AI forecasting algorithms predict further improvement by the year’s end.</p>
 <h2 class="wp-block-heading" id="h-ethereum-price-prediction-2024">Ethereum price prediction 2024</h2>
 <p class="paragraph">Specifically, one of these AI algorithms, which relies on historical ETH trends, technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) indicators, chart patterns, and related developments, has projected Ethereum to hit the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of <strong>$4,778.17</strong> by December 31, 2024, suggesting an increase of 35.09% from its current values.</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"><img decoding="async" width="1442" height="495" src="https://cdn.thebittimes.com/images/2024/03/21/a1afef5d3c0da72b28511fc5252d6a95.webp" alt="Ethereum price prediction 1-year chart" class="wp-image-162564" srcset="https://cdn.thebittimes.com/images/2024/03/21/a1afef5d3c0da72b28511fc5252d6a95.webp 1442w, https://cdn.thebittimes.com/images/2024/03/21/a1afef5d3c0da72b28511fc5252d6a95.webp 300w, https://cdn.thebittimes.com/images/2024/03/21/a1afef5d3c0da72b28511fc5252d6a95.webp 1024w, https://cdn.thebittimes.com/images/2024/03/21/a1afef5d3c0da72b28511fc5252d6a95.webp 768w" sizes="(max-width: 1442px) 100vw, 1442px">
  <figcaption class="wp-element-caption"><em>Ethereum price prediction 1-year chart. Source: CoinCodex</em>
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 <p class="paragraph">Meanwhile, machine learning prediction platform <em>CoinPriceForecast</em> has set the price of Ethereum to hit <strong>$6,770 </strong>(+91%) by the end of 2024, with Ethereum price prediction 2025 expecting it to reach $8,308 by mid-year and close the year at a somewhat lower $7,479.</p>
 <p class="paragraph">Elsewhere, the fourth iteration of the OpenAI invention ChatGPT, called GPT-4, has specified the Ethereum price prediction 2024 targets <strong>between $3,500 and $4,000</strong>, possibly surpassing the $4,000 level “if the market experiences heightened bullish sentiment and favorable regulatory developments.”</p>
 <p class="paragraph">Furthermore:</p>
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  <p class="paragraph">“The potential approval of a spot Ethereum [exchange-traded fund (ETF)] might play a crucial role in ETH reaching and possibly surpassing the $4,000 milestone.”</p>
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 <p class="paragraph">In the meantime, the latest Anthropic AI model, Claude 3 Opus, has offered a conservative estimate for the price of Ethereum that sees it <strong>between $3,800 and $4,200</strong> and an optimistic estimate in the price range <strong>between $4,500 and $5,000</strong>, or perhaps even higher.</p>
 <h2 class="wp-block-heading" id="h-ethereum-price-today">Ethereum price today</h2>
 <p class="paragraph">For now, Ethereum is changing hands at the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $3,537.21, suggesting an increase of 9.47% in the last 24 hours, an accumulated loss of 11.16% across the previous seven days, and a 21.93% gain on its monthly chart, according to the most recent data on March 21.</p>
 <figure class="wp-block-image"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/03/21/6b84f60ef816fe9753865151bb5f882b.webp" alt="Ethereum price 30-day chart" class="wp-image-162563" srcset="https://cdn.thebittimes.com/images/2024/03/21/6b84f60ef816fe9753865151bb5f882b.webp 750w, https://cdn.thebittimes.com/images/2024/03/21/6b84f60ef816fe9753865151bb5f882b.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">So, why is Ethereum going up? As it happens, the recent price increase coincides with Anatoly Yakovenko, the co-founder of Solana (SOL), expressing support for Ethereum amid the United States Securities and Exchange Commission (SEC) intensifying scrutiny of ETH’s classification.</p>
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    <p lang="en" dir="ltr">If the state is against ethereum then I am against the state</p>— toly (@aeyakovenko) March 21, 2024
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 <p class="paragraph">At the same time, Ethereum’s native token could still be feeling the positive effect of the recent Dencun upgrade, which went live on March 13, as part of the network’s efforts to boost the efficiency of its mechanisms for storing data, as well as reduce gas fees, as Finbold reported at the time.</p>
 <p class="paragraph">It is also worth noting that pseudonymous crypto expert <em>CryptoJelleNL </em>has recently highlighted that as long as Ethereum held a critical area above $3,500, the second largest crypto asset could witness a climb to $5,000 “soon enough,” as the analyst explained in an X post on March 21.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="591" src="https://cdn.thebittimes.com/images/2024/03/21/f06f3c95dab35fc6e52e91879a2f1356.webp" alt="Ethereum price action analysis" class="wp-image-162577" srcset="https://cdn.thebittimes.com/images/2024/03/21/f06f3c95dab35fc6e52e91879a2f1356.webp 1024w, https://cdn.thebittimes.com/images/2024/03/21/f06f3c95dab35fc6e52e91879a2f1356.webp 300w, https://cdn.thebittimes.com/images/2024/03/21/f06f3c95dab35fc6e52e91879a2f1356.webp 768w, https://cdn.thebittimes.com/images/2024/03/21/f06f3c95dab35fc6e52e91879a2f1356.webp 1536w, https://cdn.thebittimes.com/images/2024/03/21/f06f3c95dab35fc6e52e91879a2f1356.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Ethereum price action analysis. Source: CryptoJelleNL</em>
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 <p class="paragraph">All things considered, Ethereum might, indeed, continue to grow its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> as the AI platforms <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>, but things in this sector can sometimes change on a whim, so doing one’s own research and following the Ethereum news is critical before investing a significant sum of money in it.</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-predicts-ethereum-price-for-end-of-2024-tbt83128.html">https://thebittimes.com/ai-predicts-ethereum-price-for-end-of-2024-tbt83128.html</a></p>

AI predicts Ethereum price for end of 2024

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