Summary:
⚈ AI predicts ETH could hit $2,850 by June 1, possibly reaching $3,000
⚈ Pectra upgrade, whale activity, and market sentiment support bullish outlook
A remarkable rally saw Ethereum (ETH) climb $700 in a matter of days, soaring from $1,825 on May 7 to $2,510 on May 11, 2025.
The speed of the upsurge and correction that have taken hold in the cryptocurrency market in the last 24 hours has cast some doubt about whether ETH can retain its high price. ETH itself failed to hold its May 12 intraday highs above $2,562 and retraced to its press time value of $2,490 for a total loss of 2.35% in the last 24 hours.
Fortunately for the bulls, ChatGPT 4o sees more upside for Ethereum through the end of May.
ChatGPT sets ETH price target for June 1, 2025
According to the AI, Ethereum’s price is dominated by a string of bullish factors. These include the token’s prevailing momentum, which is backed by the digital assets’ ‘Fear & Greed Index’ crossing above 70, thus showing traders have regained much confidence.
ChatGPT similarly noted an uptick in whale – large holders – activity as a show of optimism about the token.
Furthermore, the AI noted the latest Pectra upgrade, which introduced 11 improvement proposals and raised the maximum stake to 2,048 ETH and bolstered network efficiency, helping price sentiment turn increasingly bullish.
Overall, the AI estimated that $2,850 is the most likely target for June 1, 2025, though it also sees the potential for a stronger rally taking the token to $3,000.
Along with the optimistic forecast, ChatGPT warned cryptocurrency investors that if risk-off sentiment returns or profit-taking accelerates, Ethereum could fall back to $2,300.
Crypto community forecasts Ethereum price’s next move
Attitudes in the cryptocurrency community have also been positive about ETH’s future, with a prominent digital assets influencer on X, Michaël van de Poppe, repeatedly speaking about a coming Ethereum and altcoin bull market since May 11.
In his X posts, he generally took an optimistic outlook, opining that the recent rise in the Chinese yuan signals the return of the so-called altseason, while simultaneously brushing off the latest correction as shallow and merely a small bump ahead of the return of the bull market.
Featured image via Shutterstock
