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, 2026, ChatGPT and Gemini expect further upside by the end of this month.
On Friday, October 2, the average AI’s Ethereum price target for October 31, 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, hence these AI’s signaled a possible 9.26% uptick over the next 29 days.
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’.
Featured image via Shutterstoc
