The cryptocurrency market has seen significant growth since January, with Ethereum (ETH) emerging as a leader among altcoins. AI algorithms are also predicting a bright future for Ethereum in the upcoming weeks. The current price of Ethereum continues to rise, with asset management giant VanEck forecasting that Ethereum could reach $22,000 by 2030.
How much will Ethereum be worth? Data from PricePredictions’ AI algorithms as of June 6 suggest that Ethereum could reach $3,927.66 by June 30, 2024. Keep up to date with the latest technology news on NEWSLINKER.
Taking into account various indicators like Bollinger Bands, RSI, and economic factors, the AI analysis indicates that Ethereum could experience a 2.12% increase from its current price.
As of now, Ethereum is trading at $3,796, showing a 1.42% decrease in the last 24 hours. Data from June 6 reveals a 24.06% increase over the past month and a 2.83% rise in the previous seven days.
Although Ethereum’s market cap dropped to $456 billion after a 1.75% decrease, it remains above the crucial $450 billion level. The trading volume also saw a 10% decline to $13.7 billion over the last 24 hours, which may indicate a waning interest.
VanEck, a $90 billion asset manager, has made a bullish prediction that Ethereum could potentially reach $22,000 by 2030, depending on various factors. This positive forecast has created a favorable market sentiment compared to recent comparisons with spot Bitcoin ETFs.
In addition to the optimistic outlook provided by AI analysis, VanEck’s positive sentiment adds to the overall positive outlook for Ethereum’s future. However, it’s important to remember the volatility inherent in the cryptocurrency market.
Stay updated with the latest news on Telegram, Facebook, Twitter, and Coinmarketcap. Please note that the information in this article is not investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.