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We asked ChatGPT-4o what will be ETH price when first Ethereum ETF is listed; Here’s what it said
The post We asked ChatGPT-4o what will be ETH price when first Ethereum ETF is listed; Here’s what it said appeared on BitcoinEthereumNews.com. Though it can hardly be said that Ethereum (ETH) has underperformed in the 2024 cryptocurrency bull market, ETH has – unlike many other coins and tokens, including Bitcoin (BTC) – failed to reclaim its all-time highs (ATH). Indeed, with Ethereum price today standing at $3,660.17 after a 65.58% year-to-date (YTD) rise, the cryptocurrency has seemingly found a strong resistance zone near $3,800 and has, despite multiple attempts in recent months, proven unable to maintain a valuation above it. ETH YTD price chart. Source: Finbold Things may soon change, however, given that ETH is set to get an entirely new contingent of institutional and retail investors with the approval of spot exchange-traded funds (ETFs), announced on May 23. With the recent developments in mind, Finbold decided to consult the most advanced version of OpenAI’s flagship artificial intelligence (AI) platform – ChatGPT-4o – about where Ethereum’s price might stand when the first ETH ETFs are listed. ChatGPT sets ETH price at time of first ETF listing As it quickly turned out, ChatGPT considers the approval of the exchange-traded funds to be a major victory for Ethereum and estimates that its price – once the first listings take place – is likely to rocket as high as $4,750. ChatGPT outlines its baseline ETH price target. Source: Finbold and ChatGPT According to the AI, the high price target is the result of multiple factors – both old and newly introduced – and assumes that the SEC’s decision will both bring a deluge of new investors and vastly boost the crypto market sentiment about Ethereum. ChatGPT also analyzed the impact of BTC ETFs on Bitcoin’s price and took into account other ETH-specific factors, such as the market dynamics following the ‘merge’ when arriving at the $4,750 price target. ChatGPT offers a more bullish and a…
The post We asked ChatGPT-4o what will be ETH price when first Ethereum ETF is listed; Here’s what it said appeared on BitcoinEthereumNews.com.
Though it can hardly be said that Ethereum (ETH) has underperformed in the 2024 cryptocurrency bull market, ETH has – unlike many other coins and tokens, including Bitcoin (BTC) – failed to reclaim its all-time highs (ATH). Indeed, with Ethereum price today standing at $3,660.17 after a 65.58% year-to-date (YTD) rise, the cryptocurrency has seemingly found a strong resistance zone near $3,800 and has, despite multiple attempts in recent months, proven unable to maintain a valuation above it. ETH YTD price chart. Source: Finbold Things may soon change, however, given that ETH is set to get an entirely new contingent of institutional and retail investors with the approval of spot exchange-traded funds (ETFs), announced on May 23. With the recent developments in mind, Finbold decided to consult the most advanced version of OpenAI’s flagship artificial intelligence (AI) platform – ChatGPT-4o – about where Ethereum’s price might stand when the first ETH ETFs are listed. ChatGPT sets ETH price at time of first ETF listing As it quickly turned out, ChatGPT considers the approval of the exchange-traded funds to be a major victory for Ethereum and estimates that its price – once the first listings take place – is likely to rocket as high as $4,750. ChatGPT outlines its baseline ETH price target. Source: Finbold and ChatGPT According to the AI, the high price target is the result of multiple factors – both old and newly introduced – and assumes that the SEC’s decision will both bring a deluge of new investors and vastly boost the crypto market sentiment about Ethereum. ChatGPT also analyzed the impact of BTC ETFs on Bitcoin’s price and took into account other ETH-specific factors, such as the market dynamics following the ‘merge’ when arriving at the $4,750 price target. ChatGPT offers a more bullish and a…
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