ETHEREUM (ETH) has faced continuous pressure in recent weeks, as it struggles to get ascending momentum. The weak data on the chain and the lack of bullish feelings raised concerns between investors and analysts about the long -term currency path.
However, in a sudden shift, ETHEREUM rose by more than 8 % on March 19, restoring the decisive $ 2,000 level for the first time since March 10. The gathering brought optimism to the altcoin market, with wider gains in the main encrypted currencies.
FinBold AI expects ETHEREUM price for April
Despite the prevailing cautious feelings, the Final International Prediction Prediction Tool showcases a potential ups in ETHEREUM heading to early April.
The model predicts an average price target of $ 2,284.1, which represents an increase of 20.82 % over the price at the time of prediction, which amounted to $ 1,890.6.
Among the models, CLAUDE 3 OPUS offers the most optimistic scenario, sets a price of $ 2,468.2, with a profit of 30.55 %.
Interestingly, although it recognizes the declining momentum, which is highlighted by the SMA50 crossing below the SMA200, indicating the potential death cross, it expects a strong recovery, and perhaps driven by transformations in a sense of macroeconomic.
Meanwhile, GPT-4O provides a more conservative look, as you expect ETH to reach $ 2100, with an increase of 11.08 %, with a highlight of the declining momentum of the same technical indicators.
GPT-4O also warns of the potential negative risks of the high interest rates that are looming on the horizon and the lack of significant positive developments in the encryption space, while maintaining optimism in the short term.
In general, while artificial intelligence models refer to the immediately homogeneous signals, the average expected price still indicates great emerging capabilities for ETHEREUM over the next two weeks, depending on the wider market conditions and total economic developments.
The broader landscape in Ethereum
Besides technologies, the broader scene of Ethereum can significantly affect his next transformation.
One of the main developments is the highly expected Pectra upgrade, which was recently broadcast on Sepolia and Holesky Testnets. After discovering many errors during the preliminary Testnet experiences, Ethereum developers chose the launch of the third Testnet, Hoody, prompting the upgrade order to late April.
Designed to enhance expansion, transactions and cost efficiency, the upgrade can stimulate the demand for ETH.
The institutional interest in Ethereum also grows. It is worth noting that the World Liberty Financial (WLFI), a central -backed financial financing platform, has increased significantly from ETH, which now indicates 7166 ETH, indicating confidence in the long -term value of the original.
From a technical perspective, Ethereum entered its first week of healing after three consecutive weeks of loss Megavone style.
This setting reflects the unification of 2019-2020, which led to the outbreak of my ups. Analysts now expect ETH to test the extension level of 1.5 Fibonacci near $ 6000 before the height of the session later this year. While this goal reflects a long -term look, it emphasizes the powerful Ethereum capabilities of continuous growth.
Distinctive image via Shutterstock
