This "month October
Is ETH preparing to rise to $7500 and even $10000
The second largest cryptocurrency has seen its prices increase by 12% over the past week, reaching around $4700. The question now is: will it be able to maintain its positive performance throughout this month and achieve a new all-time high?
The odds look good
Many analysts believe that Ethereum could surpass its all-time high of nearly $5000 in early October. To add an interesting twist to the discussion, we consulted three leading AI chatbots for their predictions and interpretations.
ChatGPT claimed that ETH has a realistic chance of achieving this. It pointed out that Grayscale recently launched the first Ether Staking trading platform in the United States, a product that allows investors to gain experience in ETH while simultaneously benefiting from trading rewards. This investment tool could renew institutional interest and drive prices to new record levels.
The chatbot also noted that Ethereum often follows in the footsteps of Bitcoin (BTC), which reached a new all-time high of over $126,000 on October 6. Meanwhile, it warned that Ethereum must first overcome strong resistance at $4800.
Grok, the chat bot integrated into the social media platform X, shared a similar estimate. It claimed that Ethereum has a strong chance of reaching a price between $5000 and $5500 by mid-month, driven by historical seasonal volatility, strong inflows into spot ETFs, and factors
