AI sets Ethereum (ETH) price for October 31, 2026
In this news:
Key takeaways
- ChatGPT and Gemini project Ethereum to reach an average of $3,017.10 by October 31, 2026.
- ChatGPT set its target at $3,150, citing robust fundamentals and institutional demand.
- Gemini estimated a more conservative target of $2,884.21 based on a weighted consensus.
Inasmuch as Ethereum (ETH) price faced a strong reversal during the third quarter of 2026, up over 71% in the past three months leading up to September 30, ChatGPT and Gemini expect further upside by October 31.
On Friday, October 2, the average price target for Ethereum from these two natural language processing (NLP) – a branch of artificial intelligence (AI) that helps computers read, understand, and respond to human language – models was $3,017.10. At the time of reporting, Ethereum price was trading at approximately $2,761.30, thereby signaling a possible 9.26% uptick over the next 29 days.
Artificial intelligence price projections
OpenAI-backed NLP, ChatGPT, set its Ethereum price target, for the end of this month, at $3,150, which suggests a possible rise of roughly 14%. ChatGPT based its bullish thesis for ETH in October on robust fundamentals, including renewed institutional demand including Citigroup Inc. (NYSE: C) as Finbold explained, and the spot ETH exchange-traded funds (ETFs).
On the other hand, Alphabet (NASDAQ: GOOGL)-backed Gemini set a price target for ETH at $2,884.21. As a result, this NLP indicates a potential growth, for this crypto asset, of 4.45% by the end of this month.
Worth noting that Gemini’s ETH price target is based on a weighted consensus estimate, including Citi’s latest upgraded forecast of $3,028.
Ethereum price performance
Over the past 30 days, ETH price added about 15%, thereby boosting its market capitalization to $329.9 billion at press time.
In the last 24 hours, this cryptocurrency saw its market cap increase by over $2.4 billion. Additionally, its 24-hour average trading volume had spiked by over 43%, to $18.3 billion, according to metrics from CoinMarketCap.
Consequently, AI expects renewed institutional demand to propel Ethereum’s price beyond $3,000 by the end of ‘Uptober’.
Share the article:
Trending News & Crypto World
.png)
Latest Crypto News
Top Trending Cryptocurrencies on The Market
Current Price
$0.9987
Market Cap
$546.0M 0.00%
24h Volume
$1.6K
Supplies
546.7M / ∞
Current Price
$1.980
Market Cap
$533.7M 0.49%
24h Volume
$47.3M
Supplies
555.0M / 555.0M
Current Price
$132.99
Market Cap
$530.1M -0.95%
24h Volume
$85.5K
Supplies
2.4M / ∞
Current Price
$0.9998
Market Cap
$511.2M -1.45%
24h Volume
$27.8M
Supplies
511.3M / ∞
Current Price
$0.7691
Market Cap
$506.4M -4.85%
24h Volume
$94.0M
Supplies
1.0B / 1.0B
Current Price
$0.2189
Market Cap
$505.9M -7.71%
24h Volume
$147.8M
Supplies
2.7B / 2.7B
Current Price
$0.7127
Market Cap
$498.6M -0.58%
24h Volume
$37.8M
Supplies
1.0B / 1.0B
Current Price
$0.9994
Market Cap
$494.2M -0.04%
24h Volume
$13.7M
Supplies
494.5M / ∞
Current Price
$0.9997
Market Cap
$492.7M 0.02%
24h Volume
$455.0K
Supplies
492.8M / ∞
Current Price
$0.4904
Market Cap
$490.4M -3.26%
24h Volume
$6.7M
Supplies
1.0B / 1.0B
Current Price
$1.120
Market Cap
$478.3M 1.63%
24h Volume
$40.2M
Supplies
425.2M / ∞
Current Price
$0.07057
Market Cap
$475.1M -1.95%
24h Volume
$58.4M
Supplies
10.0B / ∞