As Ethereum ($ETH) price closed above a prior resistance around $1,843 over the past three days, DeepSeek and Grok have signaled bullish sentiment for the next 16 days.
On July 16, Finbold found out that Grok and DeepSeek have set an average target for Ethereum price at $1,955. As such, the two AIs suggest that $ETH price could record a 3.78% upside by August 1.
$ETH price predictions for August 1. Source: Grok, DeepSeek
On the higher side, the two AIs set an average target for Ethereum price at $2,152.50, representing a potential 14.27% increase. As for the base case, the two Large Language Models (LLMs) set an average price target of $1,972.
Meanwhile, the LLMs set an average bear-case target for Eth price at $1,740, anticipating a worst-case decline of 7.63%.
Why is AI Ethereum price prediction bullish？
The bullish AI Ethereum price prediction could be backed by a technical breakout amid strong fundamentals. For instance, $ETH price recently signaled a potential market reversal amid renewed demand from institutional investors.
$ETH/USD 30-day chart. Source: Finbold
Over the past 30 days, $ETH price has gained more than 4.8%, thereby trading at approximately $1,883.81 at press time. As such, Aksel Kibar, a former fund manager, set a midterm price target of about $2,163, which aligns with AIs average bullish case.
The AIs bullish sentiment toward Eth price could also be based on renewed demand from United States spot ETFs (exchange-traded funds). Furthermore, the Ether ETFs have recorded conservative cash inflows over the past 2 weeks, thereby ending an 8-week losing streak, according to data from SoSoValue.
Ether ETFs weekly flow. Source: SoSoValue
As such, if the Ether ETFs continue to accumulate over the next two weeks, amid rising DeFi tokenization, the AI Ethereum price prediction could be achieved, and vice versa.