We asked #chatgpt -4o what will be $ETH price when first #EthereumETF is listed; Here’s what it said
While Ethereum (ETH) has performed well in the 2024 cryptocurrency bull market, it has struggled to reclaim its all-time highs (ATH), unlike many other coins, including Bitcoin ($BTC ).
Currently priced at $3,660.17 with a 65.58% year-to-date (YTD) rise, Ethereum has faced strong resistance around $3,800 and failed to sustain a valuation above it despite multiple attempts.
However, the approval of spot exchange-traded funds (ETFs) announced on May 23 is expected to bring a new wave of institutional and retail investors to Ethereum, potentially changing its trajectory.
Consulting ChatGPT-4o, Finbold predicts Ethereum's price could skyrocket to $4,750 once the first ETH ETFs are listed. This optimistic outlook factors in the expected influx of investors and improved market sentiment towards Ethereum post-ETF approval.
ChatGPT also considers other ETH-specific factors, such as market dynamics following the 'merge,' in arriving at the $4,750 price target.
However, ChatGPT acknowledges that this prediction is not the only possible outcome. If ETH ETFs lead to greater inflows than anticipated and ETH maintains a price above $4,000, the cryptocurrency could surge even higher to $5,000.
Conversely, if excessive profit-taking occurs post-listing, similar to the BTC ETF approval in January, Ethereum's price might experience a temporary dip.
Source - finbold.com
