Ethereum (ETH) climbed 1.29% on Wednesday, November 12, supported primarily by favourable market conditions.
Most notably, the U.S. Senate Agriculture Committee released a new bill draft on November 10, classifying the altcoin as a digital commodity under the oversight of the Commodity Futures Trading Commission (CFTC).
The bipartisan framework is expected to bolster the cryptocurrency’s regulatory status, thus easing institutional adoption concerns down the line. Unsurprisingly, the renewed emphasis on market integrity and investor protection has led many to speculate about Ethereum’s price in the following weeks.
To assess the situation from another perspective, Finbold turned to its AI prediction agent regarding potential ETH price targets by the end of the month. According to the forecast, the asset is about to see some modest gains, with an average projected price of $3,617.2 on November 30 (a 1.21% upside).
ETH price forecast. Source: Finbold
The machine learni
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