2023 has been a great year for Ethereum (ETH), which has reached a market cap of $74.5 billion since the beginning of the year (YTD). This is a 50.9% increase compared to the $146.31 billion market cap observed on January 1.
I asked CHATGPT to predict the price of ETH from December to early next year.
ChatGPT-4: Ethereum price will be between $3,000 and $10,000 in December 2024
In particular, ChatGPT-4 predicts that Ethereum prices will trade between $3,000 and $12,000 in 2024. This December’s lowest price would mean a 63% increase from ETH’s price of $1,835/ether at press time.
Predicting the price of Ethereum in 2024 requires analyzing current trends and factors. As of now, Ethereum’s price movement is due to increased adoption, platform upgrades, and market sentiment. By December 2024, its price will likely be between $3,000 and $10,000. The breadth of this prediction is attributed to the volatility of the cryptocurrency market.”
- CHATGPT-4
Interestingly, the GPT-4 AI also mentioned “widening enterprise adoption” and the role of the ETH 2.0 proof-of-stake network in price prediction.
Additionally, technical analysis indicators were also pointed out to justify the price range set by Ethereum.
“Ethereum is in an uptrend based on indicators such as the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Bollinger Bands.”
- CHATGPT-4
However, ChatGPT also noted that factors such as regulatory changes or major technological advances by competitors could reduce the value of ETH in 2024. With this in mind, investors and cryptocurrency traders need to constantly monitor their positions and adjust accordingly as the new year approaches.
#ETH #Binance #crypto2023
