AI Ethereum Price Prediction Arrived Here are the Expected Levels!
This week, the price of Ethereum is gaining bullish momentum at an extraordinary pace. The primary reason behind this momentum is the excitement surrounding the Ethereum ETF approval by the SEC this week. Within a week, the price of Ethereum has surged to $3,947 and is very close to reaching $4,000.
It is predicted that the listing of the ETH ETF will occur towards the end of this year. Therefore, the expectation of a surge in the ETH price is increasing. In this context, there are existing predictions on the potential impact of the upcoming ETF listing. Additionally, ChatGPT’s predictions have been sought to forecast the Ethereum price trend.
Weekly 22% Surge Prepares Ethereum for $4000 Breakout
Moreover, it is possible to say that the notable surge in trading volume supports the bullish trend. Considering that buyers continue the bullish momentum and ignite a rally above $4000, it is possible for an explosive bullish trend to reach up to $6854 or the 1.618 Fibonacci level. However, with the listing of Ethereum ETFs, a similar unprecedented bull run in ETH price as seen with Bitcoin is possible. Therefore, ChatGPT was asked to predict the Ethereum price before the Ethereum ETF listing.
Ethereum ETF Rally Prediction by ChatGPT
When asked about the price trend of ETH in the latest version of ChatGPT, the AI shared the basis of its prediction. Comparing the launch of Bitcoin ETFs and the current market sensitivity and technical levels around BTC price, the AI presents two possible trends for ETH.
With urgent resistance at the $4000 level, the AI emphasizes significant resistances at $4617 and $6854 levels.
With a conservative approach, the ChatGPT prediction for Ethereum before the ETF listing aims for $4873 and $5248. An optimistic estimate suggests it could rise to $5998 with a 60% potential increase.
