Ethereum (ETH) Price Outlook: AI Predicts Strong Surge by Year-End

Cryptocurrency Trends: Ethereum's Market Position

Ethereum (ETH) has firmly established its position above the critical $3,000 level, currently trading at $3,108. While other cryptocurrencies like Bitcoin (BTC) have surged, Ethereum has experienced a modest 5% decline in the past week. Nevertheless, its underlying fundamentals remain solid.

Factors Driving Ethereum's Price Outlook

• Network Activity: Ethereum's ecosystem is evolving rapidly, with daily active addresses climbing significantly. An increase from 377,065 to 417,583 illustrates the growing adoption across Ethereum's mainnet.
• Transaction Volumes: Daily transaction volumes have risen to 1.22 million, driven by decentralized finance (DeFi), gaming, and NFTs.
• Total Value Locked: Ethereum's Total Value Locked in DeFi protocols has increased to $59.8 billion, reinforcing its leading position.

Investor Sentiment: Whale Accumulation

Confidence from institutional players and Ethereum whales is palpable. Over the past two weeks, these whales accumulated 430,000 ETH, illustrating strong conviction in the asset.Regular investors, however, show a neutral sentiment of 0.06, contrasting with the optimistic 2.28 from smart money.

Year-End Predictions Based on AI Analysis

Google’s AI tools predict Ethereum's year-end price between $3,800 and $4,200, driven by robust ecosystem growth and adoption. Despite facing resistance near $3,500, clearing this barrier could lead to a retest of its all-time high of $4,800 in early 2025.