However, the optimism surrounding Ethereum’s resurgence is tempered by insights gleaned from sophisticated AI algorithms. These algorithms, renowned for their predictive prowess, are currently painting a less-than-rosy picture for Ethereum’s short-term trajectory. Despite the positive indicators, they foresee Ethereum’s price facing further challenges in the coming weeks.

According to the latest data provided by PricePredictions, a leading crypto monitoring and forecasting platform, Ethereum is projected to experience a decline, with its price expected to reach $2,534.25 by May 31, 2024.&middot

For the full story, head over to TheCurrencyAnalytics.com.