We have asked 3 AIS if Ethereum (ETH) can hit this ‘Uptober’

Has ETH been made up for a rally up to $ 7,500 and even $ 10,000?

The second largest cryptocurrency experienced a price dump of 12% last week and reached up to around $ 4,700. The question now is whether it can continue its positive performance during the current month and tap a new record valuation.

The opportunities look good

Many analysts are convinced that Ethereum could break by his previous all time of almost $ 5,000 in October. To add an interesting turn to the discussion, we have consulted three leading AI-driven chatbots for their predictions and interpretations.

Chatgpt claimed that ETH has a realistic opportunity to do this. It noted that Grayscale recently launched the first ether strike ETP in the United States – a product with which investors can get exposure to ETH and at the same time benefit from rewards. The investment vehicle can restore institutional interest and push the price to new peaks.

The chatbot also pointed out that Ethereum often follows the footsteps of Bitcoin (BTC), which reached a new ATH of more than $ 126,000 on 6 October. But at the same time it warned that ETH must first surpass the serious resistance for $ 4,800.

Grok, the chatbot built into the social media platform X, shared a similar estimate. It claimed that ETH has a strong chance of reaching $ 5,000 $ 5,500 in the mid-month, driven by historical seasonal influences, strong inflow into spot ETFs and other factors.

“Cryptos’s fleeting – position and stops are the key. If you are bullish, dips to $ 4,375 buy zones; if careful $ 4,450 support,” it added.

Perplexity estimated that the chance of ETH increase to a new record is around 70%somewhere this month. Moreover, it predicted that the price could explode to $ 7,500 if the positive market momentum persists. Those who are willing to explore additional elements that hint that Ethereum is about to be a huge meeting, then view our dedicated article here.

$ 10k income?

Earlier today (October 7), Crypto Rover predict That ETH can soon shoot to $ 10,000. The X user, who has more than 1.3 million followers, based his prediction on the possible reduction of interest rates in the United States.

Maybe you also like it:

The Federal Reserve will hold its next FOMC meeting on 29 October, and according to Polymarket a probability of 90% of a 0.25% has been reduced to the benchmark percentage. Such a development makes borrowing money cheaper, and many experts believe that it can increase the interest in risk-on assets, such as cryptocurrencies.