AI: "Ethereum will reach $1,820 by the end of this month"... Sustained institutional buying is the key variable

▲ Ethereum (ETH)/ChatGPT generated image ©

As Ethereum (ETH) continues its recent rebound, Artificial Intelligence (AI) models have predicted that it could rise to an average of $1,820 by the end of this month. AI analyzed that a bullish scenario could materialize if institutional investors continue their buying spree, but a decline is also possible if the trend reverses to selling.

According to the cryptocurrency media outlet Finbold on July 4 (local time), AI models Grok and DeepSeek set Ethereum's average target price at $1,820 for July 31. The average base scenario price for the two models was $1,832.50, with a bullish scenario at $2,095 and a bearish scenario at $1,532.50. Ethereum was trading around $1,741, up approximately 4% over 24 hours.

AI cited a record volume of withdrawals from Binance as a positive backdrop for the base scenario. The bullish scenario is expected to become more likely if Bitcoin (BTC) continues to rise further. However, AI diagnosed that if the recent increase in Binance withdrawals is due to fund movements between exchanges following the implementation of Europe's crypto regulations (MiCA), then an increase in deposits to other exchanges could trigger a bearish scenario.

Technical trends were also evaluated positively. AI noted that Ethereum formed a Double Bottom pattern in June, rebounding twice from the $1,520 support level. The recent rebound was also analyzed as being influenced by a recovery in institutional demand, centered around Digital Asset Treasuries (DAT, cryptocurrency treasury strategy companies) and Ethereum spot ETFs.

Indeed, BitMine Immersion Technologies, the largest Ethereum treasury strategy company, recently purchased approximately 283,139 ETH over the past 30 days. As a result, the total ETH held by Ethereum treasury strategy companies increased to 7,709,570, valued at approximately $13.44 billion at the time of writing. Furthermore, according to SoSoValue, Ethereum spot ETFs recorded a total net inflow of $43.97 million for two consecutive days after ending nine consecutive trading days of net outflows. The media reported that if institutional investors continue to accumulate, AI's base and bullish scenarios are likely to materialize, but if the trend reverses to selling, a bearish outlook could become a reality.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*