2024

Bitcoin

when

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 <p class="paragraph">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).</p>
 <p class="paragraph">Indeed, with Ethereum <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> 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.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/BowD3ZM0vIUcdwBu69untVVJdz3CZf8xxNKlw-n9R-1IpM-SaDnaF-lMqWJ6DDyz-lYKc_2Qze8B4nI3zd_B9znLdVSPRQ9uL6EhgyMh7YFWcsB16kdniKHCDbpACPIkOnascvS8pBQYXRgGQrjN3qc" alt="">
  <figcaption class="wp-element-caption">
   ETH YTD price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">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.</p>
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 <p class="paragraph">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.</p>
 <h2 class="wp-block-heading" id="h-chatgpt-sets-eth-price-at-time-of-first-etf-listing">ChatGPT sets ETH price at time of first ETF listing</h2>
 <p class="paragraph">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 <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> – once the first listings take place – is likely to rocket as high as $4,750.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/tJE8BBzYyCBENZb7hkqcZr8cNLn_JVwqC-LQqFsEhjgNKWTS-n7GpeDPyI_vVgEfCC_krSPPdKS6SmXAh3_Zs3_J6C9qo49npTRI98kEc_siAwW1ieGblKvncKT8XLIJFPFWkG7QoQjlmu7-9QXgehQ" alt="">
  <figcaption class="wp-element-caption">
   ChatGPT outlines its baseline ETH price target. Source: Finbold and ChatGPT
  </figcaption>
 </figure>
 <p class="paragraph">According to the AI, the high <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> 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.</p>
 <p class="paragraph">ChatGPT also analyzed the impact of BTC ETFs on Bitcoin’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> and took into account other ETH-specific factors, such as the market dynamics following the ‘merge’ when arriving at the $4,750 <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> target.</p>
 <h2 class="wp-block-heading" id="h-chatgpt-offers-a-more-bullish-and-a-more-bearish-outcome">ChatGPT offers a more bullish and a more bearish outcome</h2>
 <p class="paragraph">After outlining its baseline prediction, ChatGPT conceded that it is not the only plausible outcome of the listing of the first-ever ETH ETFs in the U.S.</p>
 <p class="paragraph">The AI stated that, should the funds lead to substantially greater inflows than anticipated, and should ETH reliably stay above $4,000, it is possible the cryptocurrency might rocket as high as $5,000 in the wake of the listings.&nbsp;</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/6-6ZoF0jymRvYNZKr26g2MO5qx_n7mVsPQ_7UBIJQApsA1SnQDIq9Rp9f1Au-OhAIIrFcqzaUMDhWJ9ZeTcrFIhHueBWDWPFMdnnPyGIa2Rjz6dbvzcq-6mC1kit6cWj7Fz20rbk6YUAH5P4lO7mzcc" alt="">
  <figcaption class="wp-element-caption">
   ChatGPT outlines its bullish ETH price target. Source: Finbold and ChatGPT
  </figcaption>
 </figure>
 <p class="paragraph">On the other hand, ChatGPT also stated that it is possible the ETFs could drive ETH <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> down to approximately $3,300.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/qzlfy7Az02g4lN_mVgbXffVGXs0oz8rVLxSJAouqj-dkQ1P2a1_-17RZtcyI3fpKvUjmystUNBeZzl-wJpZ7ERBih4aVgBuR8pJvQDSXPrIkU0WjRvim5qMyUNP8B2kRvEogK1Cxz03214llvTUJOik" alt="">
  <figcaption class="wp-element-caption">
   ChatGPT outlines its bearish ETH price target. Source: Finbold and ChatGPT
  </figcaption>
 </figure>
 <p class="paragraph">According to the AI, this might happen should there be excessive profit-taking in the wake of the listings. A similar event was seen after the approval of BTC ETFs in January when the crypto market entered into a brief but brutal bloodbath.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/we-asked-chatgpt-4o-what-will-be-eth-price-when-first-ethereum-etf-is-listed-here-s-what-it-said-tbt89512.html">https://thebittimes.com/we-asked-chatgpt-4o-what-will-be-eth-price-when-first-ethereum-etf-is-listed-here-s-what-it-said-tbt89512.html</a></p>

We asked ChatGPT-4o what will be ETH price when first Ethereum ETF is listed; Here’s what it said

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