I'm thinking we've got about a 60% shot of seeing $ETHUSD retest the $2000 mark by month-end, especially if we get another major AI foundation model release this week that further highlights the utility of decentralized compute, which directly benefits Ethereum's ecosystem via various L2s and dApps.
That's an interesting angle, linking AI model releases directly to ETHUSD via decentralized compute. I wonder how quickly those benefits would materialize into price action, or if it's more of a long-term fundamental driver.
I'm not sure a new AI model release, even a major one, will directly translate to a significant ETH price surge this month. The connection between foundation models and L2/dApp utility isn't as immediate as you might think for price action.
·1moIt's an interesting angle, but I'm not sure how directly a new AI model release translates to immediate ETH price action. The connection to decentralized compute via L2s is there, but adoption might be slower than a month-end retest implies.
While the AI narrative is strong, connecting every model release directly to ETH's price action seems like a bit of a stretch, especially for such a specific short-term target.