Much like many other prominent cryptocurrencies, Ethereum (ETH) has been offering a relatively strong overall performance since the start of 2024, but has been struggling since in the last 30 days of trading.
Indeed, though ETH is up nearly 50% since January 1 and, having crossed above $4,000 in March, though it managed to reach highs not seen in years, the last month saw a decline of approximately 11%.
Nonetheless, given that June 25 saw another turning of the tide with numerous cryptocurrencies beginning to reverse the downtrend, Finbold decided to consult several of the leading artificial intelligence (AI) platforms on where Ethereum might find itself on July 1, 2024.
AI sets ETH price on July 1, 2024
The first to be consulted – the most advanced model of OpenAI’s flagship ChatGPT platform – proved mostly neutral about ETH.
Indeed, according to the AI, the cryptocurrency is likely to remain mostly level in the forthcoming five days of trading and find itself somewhere in the relatively narrow range between $3,420 and $3,480 on July 1.
ChatGPT outlines its ETH price target for July 1. Source: Finbold & ChatGPT
Microsoft’s (NASDAQ: MSFT) Copilot – its ‘balanced’ mode, to be precise – provided exceptionally bullish. Indeed, the AI predicted that ETH will skyrocket in the coming days and find itself somewhere in the range between $3,900 and $4,000.
Copilot outlines its ETH price target for July 1. Source: Finbold & Copilot
Among the large language models (LLMs), Alphabet’s (NASDAQ: GOOGL) Gemini – once known as Google Bard – proved the most troublesome. After initially attempting to build a prediction using a fictional current Ethereum price at $1,400, it finally agreed to retrieve more contemporary crypto market information.
Having overcome the initial hurdle, Gemini estimated ETH is likely to stand at $3,350 on July 1, 2024.
Gemini outlines its ETH price target for July 1. Source: Finbold & Gemini
Finally, the predictive machine learning algorithms of a platform specialized in providing forecasts of future prices of assets – PricePredictions – proved significantly more bearish than the LLMs.
ETH price prediction for July 1, 2024. Source: PricePredictions
Indeed, according to the platform, ETH’s downtrend is set to continue, and it placed the cryptocurrency at $3,175.25.
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