DeFI News by Thebittimes.Com

Summary: ⚈ Ethereum surged from $1,825 to $2,510 in just four days ⚈ AI predicts ETH could hit $2,850 by June 1, possibly reaching $3,000 ⚈ Pectra upgrade, whale activity, and market sentiment support bullish outlook A remarkable rally saw Ethereum (ETH) climb $700 in a matter of days, soaring from $1,825 on May 7 to $2,510 on May 11, 2025. The speed of the upsurge and correction that have taken hold in the cryptocurrency market in the last 24 hours has cast some doubt about whether ETH can retain its high price. ETH itself failed to hold its May 12 intraday highs above $2,562 and retraced to its press time value of $2,490 for a total loss of 2.35% in the last 24 hours. ETH one-day price chart. Source: Finbold Fortunately for the bulls, ChatGPT 4o sees more upside for Ethereum through the end of May. ChatGPT sets ETH price target for June 1, 2025 According to the AI, Ethereum’s price is dominated by a string of bullish factors. These include the token...

Bitcoin (BTC), the world’s largest cryptocurrency, proved its stature with its notable price surge over the past couple of months. The king coin went from trading at a low of $49,121.24 earlier this year all the way to its peak of $109,114.88. This monumental rise of BTC caught the eye of the entire globe. Several nations came forward to support the asset, while a few others were pocketing the king coin. Amidst this, the volatile waves of the industry pushed BTC down below the $100,000 mark. As the asset struggles today, several in the community were viewing it as a good opportunity to buy the dip and prepare for when Bitcoin reclaims its peak. Also Read: Ripple: XRP Price Prediction For April End 2025 How High Is Bitcoin Faring Today? Source: Watcher Guru At the time of writing, the world’s first cryptocurrency was trading at $88,212.82. Bitcoin managed to record a 0.79% rise in its price over the past 24 hours. The asset went on to surge to a daily peak of $88,821.47. At i...