BlackRock Says AI Drive ETH Demand

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Ahmed Barakat

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Ahmed Barakat

Part of the Team Since

Mar 2024

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.


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Sep 2018

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Ethereum trades at $2,695, down 2.6% over the past 24 hours, with the latest price prediction still shaped by its 10.3% seven-day gain. The move leaves ETH in a choppy short-term range after its recent rally.

There’s a bigger story now that involves machines paying each other without a human anywhere in the loop. BlackRock’s latest research frames stablecoins as the likely settlement rail for “agentic commerce,” AI systems transacting autonomously, and names Ethereum and Circle’s Arc as candidate venues.

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That’s a notable shift in tone: a firm managing trillions in assets is now treating AI-to-AI payments as an investable thesis, not a novelty. The price data shows ETH’s recent strength has not disappeared despite Thursday’s pullback, with the token still up 8.3% over 14 days and 7.1% over 30 days.

Ethereum’s market cap sits near $329 billion, while 24-hour trading volume stands at $16.71 billion. That leaves the AI-payment thesis unfolding against a market where ETH has gained momentum over recent weeks, even as short-term volatility remains elevated.

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Ethereum Price Prediction: Can ETH Hold Support and Push Toward $3,000?

Ethereum’s structure currently looks more like post-rally digestion than a clear trend reversal. The $2,542–$2,550 zone, near the 50-week moving average, remains an important support area, with a hold keeping the broader setup intact.

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On the upside, $2,672 is the first level to watch after ETH pushed through it during the latest move. A sustained break could shift attention toward $2,805, which recent analysis identifies as the next major breakout level.

If buyers maintain control above $2,805, the next targets sit around $2,950–$3,000, followed by the $3,150–$3,250 region. That would put the focus back on whether momentum and institutional flows can support another leg higher. On the downside, losing $2,542–$2,550 would weaken the current structure and bring $2,533 into focus, followed by support around $2,450.

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LiquidChain Targets Early Mover Upside as Ethereum Tests Key Levels

ETH holders riding this bounce have reason to feel validated, but let’s be honest about the math. A move from $2,695 to $3,000 is just around 11%. Solid, not life-changing, and that’s the reality of buying an asset with a market cap already in the hundreds of billions.

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Whether AI-agent payment volume actually shows up in Ethereum’s fee revenue is a separate question worth tracking via coverage of stablecoin payment infrastructure before assuming it’s priced in. That gap between narrative and near-term upside is exactly why early-stage infrastructure plays are drawing attention.

LiquidChain ($LIQUID), a Layer 3 project, is building a unified execution environment that fuses Bitcoin, Ethereum, and Solana liquidity. It is letting developers deploy once and reach all three ecosystems rather than fragmenting across chains.

The presale is priced at just $0.014958 with $970K raised so far. Core features include Single-Step Execution and Verifiable Settlement, aimed at collapsing cross-chain friction into one deploy-once architecture.

Research LiquidChain directly before more capital enters and bumps its price.

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