As Ethereum continues to trade near $3,580 on various exchanges following a 20% surge over the past week, the market is gearing up for a pivotal period marked by heightened volatility and conflicting signals. To delve deeper into the potential price trajectory for ETH, I have delved into the forecasts provided by four top AI models.
These AI models, namely ChatGPT, Gemini, Perplexity, and Grok, utilize real-time data, technical indicators, and market sentiment to offer their unique predictions. Let’s take a closer look at how these models compare and what they indicate for the future price of Ethereum.
ChatGPT Predicts ETH to Retest $3,800 if Uptrend Resumes:
According to ChatGPT, Ethereum’s price could experience a dip towards $3,350 due to overbought RSI levels and profit-taking. However, the AI model foresees the possibility of a rebound if momentum picks up, aiming for a high of $3,800. On average, ChatGPT expects the price to hover around $3,550.
Gemini Sees Ethereum Between $3,420 and $4,330:
Gemini’s forecast points to a volatile price range of $3,420–$4,330 for Ethereum, attributing it to ETF-related flows, expanding Bollinger Bands, and growing institutional interest. The average price projection falls within the range of $3,640–$3,680.
Perplexity AI Projects ETH at $3,400–$3,700:
Perplexity anticipates a period of short-term consolidation for Ethereum, with the price expected to fluctuate between $3,400 and $3,700. Technical analysis indicates potential resistance near the highs and support around the $3,400 mark.
Grok Predicts Retest of $3,500 Before New Highs:
Grok’s projection suggests that Ethereum’s price will oscillate within the range of $3,420–$4,330, citing ETF-driven demand and a technical correction. The price may undergo a retest at $3,500 before embarking on a surge to new highs.
In conclusion, these AI models offer a range of forecasts for Ethereum’s price, reflecting the current market conditions and potential catalysts. It will be interesting to see how the price of Ethereum unfolds in the coming days and whether these predictions prove to be accurate. Stay tuned for more updates on Ethereum’s price movements and the latest developments in the crypto space.