We Asked 3 AIs If Ethereum (ETH) Can Hit New ATH This ‘Uptober’

The second-largest cryptocurrency experienced a 12% price surge over the past week, reaching around $4,700. The question now is whether it can continue its positive performance throughout the ongoing month and tap a new record ￰0￱ Odds are Looking Good Many analysts are confident that Ethereum could break past its previous all-time high of almost $5,000 as early as this ￰1￱ add an interesting twist to the discussion, we consulted three leading AI-powered chatbots for their forecasts and ￰2￱ claimed ETH has a realistic chance to do ￰3￱ noted that Grayscale recently launched the first Ether Staking ETP in the United States – a product that allows investors to gain exposure to ETH while also benefiting from staking ￰4￱ investment vehicle could reignite institutional interest and push the price to fresh ￰5￱ chatbot also pointed out that Ethereum often follows the footsteps of Bitcoin (BTC), which reached a new ATH of over $126,000 on October ￰6￱ the same time, though, it warned that ETH must first surpass the heavy resistance at $4,800.

Grok, the chatbot built into the social media platform X, shared a similar ￰7￱ claimed that ETH has a strong chance of reaching $5,000-$5,500 by mid-month, driven by historical seasonality, strong inflows into spot ETFs, and other factors. “Crypto’s volatile—position sizing and stops are ￰8￱ you’re bullish, dips to $4,375 are buy zones; if cautious, watch $4,450 support,” it ￰9￱ estimated that the odds of ETH surging to a new record sometime this month are around 70%. Moreover, it predicted that the price might explode to $7,500 if positive market momentum ￰10￱ willing to explore additional elements hinting that Ethereum could be on the verge of a massive rally, please take a look at our dedicated article here . $10K Incoming?

Earlier today (October 7), Crypto Rover forecasted that ETH could soon skyrocket to $10,000. The X user, who has more than 1.3 million followers, based his prediction on the potential lowering of the interest rates in the United ￰11￱ Federal Reserve will hold its next FOMC meeting on October 29, and according to Polymarket, there is a 90% probability of a 0.25% cut to the benchmark ￰12￱ a development makes borrowing money cheaper, and many experts believe it could increase interest in risk-on assets, such as ￰13￱ Decision in October,) Can Hit New ATH This ‘Uptober’ appeared first on CryptoPotato .