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Ethereum (ETH) has gone up by 0.2% in the past 24 hours, but trading volumes have skyrocketed by more than 60% as sellers have rejected a move above the $2,500 level during today’s session.
Yesterday, the U.S. brokerage firm Robinhood confirmed that one of its execs will meet with the founder of Ethereum – Vitalik Buterin – and a top officer from the company behind Arbitrum – the most successful Ethereum layer-2 chain.
Vitalik’s in town.
Join us in Cannes for a fireside chat with our crypto GM, @JohannKerbrat, the founder of Ethereum, @VitalikButerin, and the CSO of @offchainlabs, @ajwarner90.
Tune in tomorrow at 7:45pm CEST on Robinhood X and YouTube.
— Robinhood (@RobinhoodApp) June 29, 2025
This meeting has occurred ahead of what Robinhood teased as one of the biggest announcements for the crypto market made in 2025. This could be the cause of Ethereum’s sudden increase in trading volumes.
Meanwhile, market sentiment has improved recently as tensions in the Middle East have eased. The Fear and Greed Index has climbed back to 50 after briefly touching the 37 level, meaning that investors are still cautious but not fearful.
Moreover, the Chairman of the Federal Reserve, Jerome Powell, confirmed that the U.S. central bank still plans to make two interest rate cuts this year. This is bullish for cryptos in the mid-term.
To analyze the impact that the news could have and what the current trajectory of ETH is at the time, we asked ChatGPT to share its predictions for the token.
This is what the AI-powered chatbot had to say after taking a look at ETH’s weekly chart.
ETH Needs a “Structural Catalyst” to Move to $4,000
ChatGPT first identified that ETH has been consolidating after it bounced strongly off the $2,100 level. Meanwhile, the price currently stands above the 200-week exponential moving average (EMA), which favors a bullish outlook.
Moving on to its prediction, the chatbot identified the key levels to watch in both the short and long term for ETH.
For the next 2 to 6 weeks, investors should keep an eye on the $2,525 – $2,060 levels as a bullish breakout above this area could result in a move toward $2,800.
Meanwhile, a break below $2,400 could result in a strong downturn for the token with a near-term target of $2,270 – ETH’s 200-week EMA.
In the long term, ChatGPT believes that macro conditions will be critical to propel ETH to the $3,000 – $4,000 area. Among the tailwinds that it cited, it emphasized the growing adoption of Ethereum’s L2 as a “structural catalyst” to trigger such a move.
This coincides with Robinhood’s expected announcement. The brokerage firm collaborates with Arbitrum to provide on-chain access to U.S. stocks for European customers, as the crypto community seems to expect.
Overall, ChatGPT holds a “cautiously bullish” outlook for Ethereum as long as the price stays above the 200-week EMA.
Even though ETH’s outlook is bullish, analysts agree that the best crypto presales of the year like Snorter (SNORT) offer the most upside potential to investors if they buy early.
Snorter (SNORT) Snipes the Best Meme Coins on Ethereum and Solana
Automated solutions are probably the only way to identify and take action when new opportunities emerge in the meme coin space.
Snorter (SNORT) is a trading bot that gives investors an edge by offering them access to a sophisticated algorithm that targets and snipes entries on multiple chains, including Ethereum and Solana.
This bot offers lower commissions per trade compared to other similar solutions and incorporates protections against rug pulls. Moreover, it allows investors to set limit orders to ensure optimal entries and exits.
Less than a month after its presale kicked off, Snorter has raised nearly $1.3 million from investors.
Once the bot starts to deliver positive results, the demand for $SNORT will skyrocket. To reap the highest returns, make sure you buy it at its discounted presale price of $0.0967.
To buy $SNORT, head to the Snorter website and connect your wallet. You can either swap SOL or USDT for this token or use a bank card to invest.
