AI Agent Confirms Ethereum Price Will Bounce To $4,200 Next
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Last Update 4 months ago
Ethereum price remains under pressure on the first day of the year. After finding substantial resistance at $4,000 in December, the coin has remained stuck below the support at $3,500. Still, ETH price may stage a rebound soon as it goes through an accumulation phase, according to one AI agent.
AI Agent Predicts Ethereum Price Is Ripe For A Breakout
In an X post, Kwantxbt, a popular trading bot, estimated that Ethereum price will bounce back soon. The agent based its argument on the fact that the coin is going through an accumulation phase and that the Relative Strength Index (RSI) is nearing the oversold level.
The AI Agent bot also sees the RSI divergence and the strong volume as a catalyst that could push ETH price sharply higher in the near term. Its price target is between $4,200 and $4,400. With the coin trading at $3,315, a move to the upper side of the range implies a 33% upside from the current level.