From video
Interpreted Prediction
Standard Chartered predicted Ethereum (ETH) could rise 70% from current levels if it follows a pre-ETF uptrend similar to Bitcoin.
AI Evaluation Notes
The prediction, made on February 5, 2024, stated Ethereum could rise 70% from its then-current level of approximately $2,298.89, reaching around $3,908.11, following a pre-ETF uptrend similar to Bitcoin. The SEC approved spot Ethereum ETFs on May 23, 2024, with trading starting in July 2024, marking the conclusion of the pre-ETF uptrend phase. In May 2024, Ethereum reached approximately $3,760.03, which is very close to the predicted target price.
Prediction Details
Ticker
Target
Rise 70% from current levels
Predicted
date
Following a pre-ETF uptrend similar to Bitcoin