Despite a cautious market sentiment, artificial intelligence models predict a potential rise in Ethereum (ETH) in the coming weeks.
The Finbold AI prediction tool estimates an average price of $2,284.1, representing a 20.82% increase from the $1,890.6 recorded at the time of the forecast.
AI Model Scenarios
Claude 3 Opus presents the most optimistic outlook, forecasting a price of $2,468.2 (+30.55%). While acknowledging a bearish trend marked by a negative crossover of moving averages (SMA50 below SMA200, a "death cross"), it anticipates a strong rebound driven by macroeconomic factors.
GPT-4O, taking a more cautious stance, predicts a more moderate rise, setting a target of $2,100 (+11.08%). It warns of potential risks from interest rate hikes and the lack of major bullish catalysts in the crypto ecosystem.
Despite these differences, forecasts suggest a gradual recovery, depending on macroeconomic conditions and market developments.
Key Factors to Watch
Beyond technical analysis, several events could influence Ethereum’s price:
The Pectra Upgrade: Tested on the Sepolia and Holesky networks, it aims to improve scalability and transaction speed. After discovering bugs, a third testnet, Hoodi, was added, pushing the deployment to late April. This upgrade could boost demand for ETH.
Growing Institutional Interest: The platform World Liberty Financial (WLFI), backed by Donald Trump, has recently increased its ETH holdings, now holding 7,166 ETH, reflecting rising confidence in the asset’s long-term value.
Conclusion
While short-term technical signals remain mixed, technological advancements and increasing institutional interest in Ethereum could support a bullish trend in the coming weeks.