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The post <a href="https://coinpedia.org/price-analysis/chatgpt-predicts-ethereum-etf-launch-could-propel-eth-price-beyond-7000/">ChatGPT Predicts Ethereum ETF Launch Could Propel ETH Price Beyond $7,000</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the <a href="https://markets.coinpedia.org/bitcoin-etf/">Bitcoin ETF</a> launch finding a huge surge in inflows, the asset price skyrockets to a new all-time high in a short period of time. As the newfound bull run ignites with the Bitcoin ETF, the upcoming potential Ethereum ETF could drive a new rally in altcoins.&nbsp; 
With the ongoing bull run, bulls bring the Ethereum price to $4,000 for a new peak as a 52-week high. Under the influence of rising <a href="https://markets.coinpedia.org/ethereum-etf/">Ethereum ETF</a> buzz, the increasing hype and community support with increased institutional investments may lead to a huge jump. 
So, let’s have a look at the <a href="https://markets.coinpedia.org/ethereum/">Ethereum</a> price action and find the potential impact of the upcoming ETF.&nbsp; 
<h2 class="wp-block-heading" id="h-with-recovery-in-motion-ethereum-remains-bullish">With Recovery In Motion, Ethereum Remains Bullish</h2> 
With the second bearish week, the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">ETH price</a> is on a downhill track, accounting for a drop of 14%. However, the immense demand pressure at the 61.80% Fibonacci level leads to a lower price rejection.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/MxR2NJ7E6C3y-KXeKrnzXCiIR8FNsuIQcoDEY_cRGoZ9X3szqgTmHvdA3sdWtY9hJnUvg5YBoqEVxZvq6gKgfads7JxVdS19gdx04Z3URYBaspPoITvvR3FxZdEgFc-Q1jycoajJP3SffiDHARGUbFs" alt="">
</figure> 
<a href="https://www.tradingview.com/x/qdAqHK4K/">TradingView</a> 
With this bounce back, the ETH price teases a consolidation range as the buyers are making a comeback. Further, the price action shows a rounding reversal in the long-term and prepares a new all-time high formation.&nbsp; 
Considering the buyers sustain the bull run and continue a post-retest reversal from $3,200, the uptrend could hit $4,000. However, the upcoming Ethereum ETF could ignite an unprecedented bull run in ETH price, similar to Bitcoin.&nbsp; 
Hence, we asked ChatGPT to predict the ETH price ahead of Ethereum ETF.&nbsp; 
<h2 class="wp-block-heading" id="h-ethereum-etf-rally-prediction-by-chatgpt-nbsp">Ethereum ETF Rally Prediction By ChatGPT&nbsp;</h2> 
Sharing the weekly ETH price chart with ChatGPT provides strong speculation from the AI. Based on the recent price analysis, the GPT predicts Ethereum to surge to new levels.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/XDd8HQRe8fXJz1gu9l813ECHchaPbBAa2NCB_CbLcD2qMtsoYoAoN6BcBrjNFqr9Wz5Z0RlesdaFXZLJHHjwFOzXkUCWX5SffRtR_A5DgHpXoo-wPRwtRTvt9CROdvjLCrpOv7KlZWt9ax1E-j_97sY" alt="">
</figure> 
Using the Fibonacci retracement levels and the power of AI analysis, ChatGPT predicts $6,835 as the target with Ethereum ETF enthusiasm. Beyond this, the AI predicts the $7,000 and $8,000 mark as the next psychological barrier to overcome.&nbsp;

ChatGPT Predicts Ethereum ETF Launch Could Propel ETH Price Beyond $7,000

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