Ethereum Soars to New Highs: ChatGPT Predicts What’s Next

• The U.S. District Court of the Southern District of New York recently ruled in favor of Ripple [XRP] in its legal battle against the Securities and Exchange Commission (SEC).
• Ethereum [ETH] rose to a three-month high following the court ruling, but then dropped.
• ChatGPT is an AI-based tool that can be used by traders and analysts to predict Ethereum’s performance.

Court Ruling Favors Ripple [XRP]

The U.S. District Court of the Southern District of New York recently ruled in favor of Ripple [XRP] in its legal battle against the U.S. Securities and Exchange Commission (SEC). The court ruled that the sale of XRP tokens on crypto exchanges and through programmatic sales did not constitute investment contracts; hence, it is not a security in this case. However, it also found that certain institutional sales violated federal securities laws.

Ethereum [ETH] Reaches Three-Month High

Following the court ruling, Ethereum immediately soared to a three-month high, surpassing the $2,000-price mark the next day before dropping again afterwards. ETH currently has a market cap of $232 billion and serves as the bedrock for several successful blockchain projects today.

AI Tool Predicts Ethereum’s Performance

ChatGPT is a natural language processing tool that can provide human-like conversations and is being used by various sectors and individuals to their advantage — including those within cryptocurrency markets. To test ChatGPT’s intelligence on Ethereum’s Shanghai Upgrade — one of this year’s major upgrades — I asked it what price ETH will reach towards the end of 2023. It gave an enthusiastic response indicating that it may reach new heights by then!

Ethereum Shanghai Upgrade Set In Motion

The proposed 2022 upgrade for Ethereum is one of its most significant developments since its inception; assets were allocated to its Beacon Chain which acts as a consensus mechanism for 2022’s Proof-of-Stake (PoS) transition.. This chain was tested over multiple phases such as deposit contracts phase 1 & 2, genesis phase 3, beacon chain genesis phase 4 etc., with each stage being implemented successfully until now.. With everything set in motion for Ethereum’s Shanghai upgrade, traders are expecting ETH prices to go even further higher than they are now!


ChatGPT is proving itself to be a reliable source when predicting crypto prices – so if you’re looking for predictions on how cryptocurrency markets will perform over time, look no further than ChatGPT! We’ll have to wait and see how much ETH reaches towards the end of 2023 – only time will tell!