AI determines Ethereum ETH price on June 30 2024
As various assets within the cryptocurrency market are beginning to see their prices rise once again, Ethereum (ETH) – the largest altcoin in the sector – is among them, with machine learning and artificial intelligence (AI) algorithms showing optimism about its future progress in the coming weeks.
Ethereum has been capitalizing on the current bullish trend in the crypto sphere, with a particularly bullish prediction from investment firm VanEck projecting that the second largest asset in the crypto world by market capitalization could reach an impressive $22,000 by 2030.
Price projections for Ethereum suggest that it could reach $3,927.66 as soon as June 30, 2024, according to advanced AI algorithms utilized by the crypto monitoring and forecasting platform PricePredictions, as reported by Finbold on June 6.
Specifically, this would mark a 2.12% increase from Ethereum’s current price if the prediction, which considers technical analysis indicators like the relative strength index (RSI), Bollinger Bands (BB), moving average convergence divergence (MACD), and others, comes to fruition.
Currently, Ethereum is trading at $3,846.08, reflecting a 1.42% gain in the last 24 hours, a 2.83% increase over the previous seven days, and a 24.06% rise over the past month, as of the latest data on June 6.
In addition to the short-term optimism shown by AI algorithms, VanEck’s positive outlook on Ethereum’s future adds to the overall positive sentiment. However, it is crucial to remember that trends in the crypto industry can be unpredictable, emphasizing the importance of conducting thorough research before making investment decisions.
Disclaimer: The information provided on this website should not be construed as investment advice. Investing in cryptocurrencies carries inherent risks, and investors should proceed with caution.
