We asked ChatGPT what will be Ethereum price after 2024 Bitcoin halving

The weight that Bitcoin (BTC) carries in the cryptocurrency world is not to be underestimated, as its performance usually dictates the broaded market. With Ethereum (ETH) next in line, it is logical that it is the first one to benefit or slump from BTC's events.
After the SEC approved BTC exchange-traded funds (ETF) in January, sights are already set towards the next notable event, Bitcoin halving, which is set to take place in mid- April 2024.
This week was notable for Ethereum as it surpassed its resistance zone set at $2,800 and is currently trading at $2,835 after gains that have seen its value increase by 1.48% on daily and 13.67% on weekly charts.
In its pursuit of insights, Finbold opted to seek counsel from OpenAI's premier platform, ChatGPT, regarding the potential trajectory of the world's leading altcoin as the halving event unfolds.

ChatGPT makes a prediction on the Ethereum

Although ChatGPT didn't provide a precise figure, it's rational to anticipate some price fluctuation for Ethereum in light of the historical correlation between Bitcoin and Ethereum prices.
Nevertheless, factors like Ethereum's ongoing development, expanding usage in decentralized finance (DeFi), and forthcoming upgrades like Ethereum 2.0 suggest a broaded context beyond more volatility.
However, considering historical movements, the most likely price range was from $8,000 to $12,000.
This range derives from Ethereum's past price trends, its prominent status as the foremost smart contract platform, and the overall expansion path of the cryptocurrency market.
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Microstrategy's Bitcoin Investment Flourishes, Valued at Nearly $10 Billion

Based on the latest available data, the Nasdaq-traded MicroStrategy possesses 190,000 bitcoins, acquired at a cost of $5.96 billion. Presently, the value of the company's bitcoin holdings has swelled to $9.88 billion. This marks a 66% increase in the firm's bitcoin portfolio, a stark contrast to its performance just eight months earlier.
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Bitcoin blasts past $50k as investors bet on rate cuts, ETF Inflows

Bitcoin blasts past $50k for the first time in two years as investors bet big on ETF Inflows .
Bitcoin surged past the $50000 mark on Monday for the first time since December 2021, as investors bet on U.S. interest rate cuts later this year and substantial Inflows into new spot cryptocurrency exchange-traded funds (ETFs).
The flagship cryptocurrency has rallied over 16% year to date, touching $50124 on Tuesday morning. Crypto-exposed stocks also enjoyed a boost on Monday, with Coinbase and MicroStrategy shares rising nearly 5% and 10% respectively.
Analysts attributed bitcoin price appreciation primarily to accelerating Inflows into new U.S. spot bitcoin ETFs approved by regulators last month. These products have seen over the past week, while outflows from Grayscale's Bitcoin Trust have begun to slow.
Investors are betting these spot ETFs could draw up to $100 billion in fresh inflows this year. The market is also awaiting potential approvals for ether-based ETFs and looking ahead to bitcoin's next "halving" supply event in April 2024, Which has preceded major rallies in the past.
With interest rates cuts, mainstream ETF access and bitcoin's capped supply all providing tailwinds, analysts see room for further upside in cryptocurrency prices this year despite January's post-ETF launch retreat.

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