Ethereum's price recently closed above $1,843, prompting AI models DeepSeek and Grok to indicate bullish momentum for the next two weeks. The average target price set by these models suggests an increase to $1,955 by August 1, indicating a 3.78% upside potential.
Target Prices and AI Sentiment
The AI models project various outcomes for ETH's price. The optimistic predictions include a target of $2,152.50, reflecting a potential 14.27% rise, while the base case averages to $1,972. Conversely, the models foresee a bearish scenario with a drop to $1,740, which translates to a 7.63% decline.
Supporting Factors for Bullish Sentiment
This positive sentiment comes amid a technical breakout and strong market fundamentals, notably an increase in demand from institutional investors. Over the past 30 days, the price of ETH has appreciated more than 4.8%, trading around $1,883.81 at the time of reporting. Aksel Kibar, a former fund manager, has set a midterm target of approximately $2,163, aligning with the AI's bullish outlook.
Renewed interest in U.S. spot ETFs has also fueled these predictions, with Ether ETFs experiencing a modest uptick in cash inflows over the past two weeks, ending an eight-week losing streak. Should this trend persist alongside rising activity in DeFi tokenization, achieving the AI's price targets remains plausible.
This material is informational and should not be considered financial advice.
