Grok AI Predicts Ethereum Breakout Level Could Arrive Fast
Ethereum's price has been stuck below its previous highs for months, but one AI model predicts a potential breakout is on the horizon. Elon Musk's Grok AI suggests Ethereum could climb towards $3,200-$4,000 by the end of 2026, with $3,500 as the most likely target.
The prediction comes as Ethereum's fundamentals begin to shift. BitMine has been accumulating large amounts of ETH, now holding nearly 5% of the total supply. Additionally, Spot Ethereum ETFs have shown renewed interest in the asset, recording flows of roughly $230-$245 million in early August.
Network upgrades are also on the horizon, with the Glamsterdam upgrade expected to improve Ethereum's capacity and push L1 limits towards 200M gas. Activity is already recovering, with active addresses reaching 989.5K, the highest level since March.