Will Ethereum See a Rally to $4K or Retreat to $2K by Christmas?

The past few months have been quite turbulent for Ethereum (ETH), currently priced around $3,100. The burning question is whether ETH can rise to $4,000 by Christmas or experience a significant drop to $2,000.

To shed light on this, we consulted four prominent AI chatbots for their insights.

An Increase Seems More Plausible

ChatGPT estimates that a price surge is the likelier scenario, noting, “By Christmas, Ethereum is more likely to challenge the upside than suffer a deep collapse, unless something breaks at the macro or Bitcoin level.” It also mentioned the chances for ETH to reach between $3,200 and $3,600 by December 25 are around 45%, while a rise above $4,000 sits at 25%. The likelihood of crashing below $2,000 is estimated at approximately 10%.

Grok, the AI integrated within X, dismissed the notion of a substantial decline to $2,000, suggesting that it would only happen due to extreme events like regulatory crackdowns or economic shocks. It predicts that a surge to $4,000 is more feasible and largely dependent on Bitcoin’s performance and investor enthusiasm.

‘A Million-Dollar Crypto Question’

Perplexity aligns with ChatGPT and Grok, foreseeing a rise to $4,000, yet acknowledges that bearish risks persist and a drop below $2,800 is conceivable. However, it feels a plummet to $2,000 is unlikely without a significant shock, like a popular exchange failing.

Google’s Gemini termed the situation as “a million-dollar crypto question,” predicting that an increase to $4,000 could be prompted by a wave of FOMO (Fear of Missing Out) or a sizeable institutional purchase.

Stay tuned to see how these predictions unfold!