Over the past couple of days, Ethrium (ETH) has added $ 700 to its cost, taking off from $ 1825 to $ 2700.
The fluctuations that gripped the cryptocurrency market over the past 24 hours caused doubts about whether ETH could hold the high bar. On May 12, ETH could not hold its intraday maximums on May 12 above $ 2562 and rolled to the current $ 2490, then the price of altcoin increased to $ 2580.
However, ChatGPT 4O sees many opportunities for the growth of the Ethereum until the end of May.
According to AI, the price of Ethereum is influenced by several optimistic factors. These include the prevailing token impulse, which is reinforced by the intersection of the “index of fear and greed” of digital assets above 70, which shows that traders have gained strong confidence.
ChatGPT also noted the surge in the activity of large altcoin holders as a manifestation of optimism in relation to token.
AI also noted the latest Pectra update, which contained 11 proposals for improvement, increased the maximum rate to 2048 ETH and increased the effectiveness of the network.
AI appreciated the most probable target on June 1, 2025 at $ 2850, although he also sees the potential for a stronger rally, which will raise token to $ 3,000.
Along with the optimistic forecast, ChatGPT warned investors in a cryptocurrency about a possible fall of up to $ 2300 in case of profit fixation.
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Source: Cryptocurrency
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