2024 has been a big year for Ethereum (ETH), attracting institutional attention to its native token and ecosystem. However, Ethereum price has underperformed year-to-date (YTD) compared to competing cryptocurrencies such as Bitcoin (BTC) and Solana (SOL), for example.
To gauge what the coming year might hold, Finnvold asked Meta’s cutting-edge open-source artificial intelligence (AI) model, Llama 3.1, to forecast Ethereum’s price in 2025.
In the bullish case, Meta AI predicts that ETH will trade between $6,500 and $8,000 in 2025. Meanwhile, in the bearish case, Ethereum could range between $1,800 and $2,500.
This prediction takes into account fundamental aspects based on the following context provided in Llama 3.1 for a robust analysis:
Ethereum (ETH) Status and Price History in 2024
In January of this year, BlackRock (NYSE: BLK) CEO Larry Fink predicted the approval of an ETH spot ETF and explained the value of tokenization. Additionally, BlackRock has since partnered with Securitize to launch its own tokenized fund running on the Ethereum network.
On July 23, nine recently approved Ethereum exchange-traded funds (ETFs) began trading in the United States. Eight of these investment vehicles attracted inflows of over $1.8 billion in the first 14 days of trading. In contrast, Grayscale’s ETHE Already registered The $2.3 billion outflow resulted in a net loss of $406.4 million.
Nonetheless, the market is seeing a similar selling pattern from the Grayscale Bitcoin ETF (GBTC), with outflows losing momentum while inflows are gaining momentum, the analyst noted.
On the price side, ETH rose from $2,283 on January 1 to a high of this cycle at $4,091 in March. The cryptocurrency maintained a trading range for four months, but recently fell below the range support in a general sell-off.
Interestingly, this drop caused Ethereum to drop to a low of $2,128 on August 5. As of this writing, ETH is trading at $2,601, up 14% year-to-date.
Reaching Meta AI’s bullish price prediction for 2025 would bring in gains of 149%-207% in roughly one year, while Llama 3.1’s bearish prediction could cost investors a loss of 4%-30% from the current price.
Finally, such a wide price gap highlights the difficulty of accurately predicting the price of cryptocurrencies like Ethereum. Investors should always exercise caution when investing in this highly volatile space and avoid making decisions based on emotions.
Disclaimer: The content of this site does not constitute investment advice. Investing is speculative and your capital is at risk when investing.
