Artificial Intelligence Predicts Ethereum Cryptocurrency Growth to $ 20,000

Representatives of Finbold asked ChatGPT to share the possible price range of Ethereum by 2030. To make its own forecast, the AI analyzed historical price fluctuations and current market conditions. According to artificial intelligence, the price of ETH $3,264.16 Bridged Ether (StarkGate) -3.17% Market capitalization $0.29 billion VOL. 24 hours $1.21 billion could reach between $ 5,000 and $ 20,000 by 2030.

As ChatGPT emphasized, it is very difficult to predict the price of ethereum in the distant future. «Ethereum is a highly volatile asset, and its price is subject to fluctuations based on a variety of factors such as market sentiment, adoption, network activity, and regulatory developments,» the artificial intelligence wrote. However, the chatbot noted that the main altcoin is rightfully one of the most successful cryptocurrencies in the world, and its value has grown significantly over the past few years.

«Based on various price forecasts, some experts believe that the price of Ethereum could reach between $ 5,000 and $ 20,000 by 2030, depending on the pace of adoption and technical development. However, it is important to note that these forecasts are highly speculative and subject to change based on a number of factors,» the chatbot concluded.

In addition, the artificial intelligence noted that the ETH network has unlimited potential to develop and become more efficient with future updates such as Ethereum 2.0. ChatGPT reminded that «many experts believe that the price of Ethereum will continue to rise in the long term due to several factors,» including the growing adoption of decentralized applications (dApps).

One of the significant disadvantages of ChatGPT is outdated information, as the AI «knows» only what happened before 2021, when the chatbot started training. The rest of the data is not updated, so experts advise against trusting all AI predictions.

As for the state of affairs of Ethereum at the time of writing, the token has grown by 8.8% over the past day. Currently, the price is consolidating gains, and Ethereum is trading well above the 100-hour moving average. Also, a key bullish trend line is forming on the hourly chart of ETH/USD with support around $ 1640.