An artificial intelligence model from OpenAI’s ChatGPT has forecast Ethereum could trade around $2,140 by June 1, 2026. The prediction comes as ETH attempts to stabilize after a sharp pullback, currently hovering near the key $2,000 psychological level. At the time of analysis, ETH was at $2,014 after failing to reclaim resistance above $2,100, with support being watched between $1,900 and $1,950.
The AI’s forecast blends technical indicators, market momentum, and macroeconomic conditions. RSI readings remain neutral-to-bearish, and cooling trading volumes point to weaker buying pressure. However, steady institutional accumulation during dips offers a counterbalance. The model stressed that a move above the $2,300–$2,500 range is critical for a confirmed bullish trend reversal.
On the downside, crypto analyst Ali Martinez highlighted growing risks. A weekly close below $1,850 could accelerate selling, with targets at $1,560 (interim structural support) and potentially $1,070, the lower boundary of ETH’s multi-year channel.
Adding to the pressure, U.S. spot Ethereum ETFs extended their redemption streak to more than 10 consecutive days, recording $216 million in net outflows over seven days. The largest single-day outflow was $121.4 million on May 28, with roughly $80 million exiting BlackRock’s ETHA fund alone. Weaker sentiment is mirrored in Bitcoin ETFs as investors rotate into alternatives like Solana and XRP, while rising Treasury yields and a stronger U.S. dollar also weigh on Ethereum.
Separately, on-chain data shows Ethereum trading near $2,030, with a dense cluster of high-leverage short positions right at $2,050. Crypto analyst CW noted that this zone forms a major upside liquidity level, and any breakout could trigger swift short liquidations. Technicals point to a potential inverse head and shoulders pattern, but confirmation still requires a clear move above the $2,050 resistance.
