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' buying trend continues, but a downward possibility cannot be ruled out if it reverts to a selling trend.

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

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

Technical trends were also evaluated positively. AI noted that Ethereum rebounded twice from the $1,520 support level in June, forming a Double Bottom pattern. The recent rebound was also analyzed as being influenced by a recovery in institutional demand, primarily driven by 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 net inflow of $43.97 million over two consecutive days, after closing nine consecutive trading days of net outflows. The media reported that if institutional investors' accumulation continues, AI's baseline and bullish scenarios are likely to materialize, but if it reverts to a selling trend, a bearish outlook could become a reality.

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