Artificial Intelligence Predicted Ethereum (ETH)

Artificial Intelligence Predicted Ethereum (ETH)

After the negative news of the backlash from traditional currencies, eyes turned to cryptocurrencies. Investor interest in Ethereum (ETH) has increased after the collapse, including Signature Bank and Silicon Valley Bank.

What did artificial intelligence say about Ethereum (ETH)?

Cryptocurrency price analysis using artificial intelligence has become one of the most interesting topics in recent times. On top of that, the crisis that is affecting traditional banks has turned their eyes in this direction. Investors have moved more than $20 billion of their investments in failed banks, including Silicon Valley Bank and Signature Bank, to Ethereum (ETH).

Some key milestones on the chain, including the recent surge in DeFi activity, indicate that Ethereum is poised for a rally in the coming weeks.

Referencing CoinCodex technical indicators FinboldIt underpinned the artificial intelligence expectation of a $1,763 price for ETH on April 9.

On the other hand, PricePredictions, another intelligence-backed intelligence platform, predicts a rise to $1,839 on April 9, based on data available on March 24.

Meanwhile, different technical indicators such as Bollinger Bands (BB), moving average (MA), moving average convergence divergence (MACD), relative strength index (RSI) and so on are used to make predictions.