Elon Musk's AI chatbot Grok has issued a price call for Ethereum, saying ether should rise modestly by Jan. 1, 2027, and describing near-term technicals as neutral to slightly bullish. The prediction was carried by Techub News, which cited 99Bitcoins. Current market data shows ETH trading near $2,450, down about 0.5% over the previous 24 hours. Grok's technical read places price inside a narrow band below $2,550. Resistance sits between $2,500 and $2,586, while support is at $2,340 to $2,400. A daily close above $2,565 would count as a bullish signal. On the flow side, spot Ethereum ETFs attracted net inflows throughout the second half of 2026, with August seeing roughly $1.85 billion added. The price response has been muted, however, leaving ETH more sensitive to broad macro sentiment than to those inflows. Two catalysts stand out on the calendar: the Glamsterdam upgrade, expected to go live on mainnet between September and October, and the Federal Reserve's policy meeting in September.
Elon Musk's AI chatbot Grok sees Ethereum grinding higher by Jan. 1, 2027. Techub News carried the forecast, citing 99Bitcoins, and reported that Grok labels short-term technicals neutral to slightly bullish.
ETH changes hands near $2,450 at the moment, down roughly 0.5% in the past 24 hours.
Technical read: squeezed under $2,550
Based on technical analysis, Grok said ETH sits inside a narrow band below $2,550. Resistance is placed at $2,500-$2,586, with support at $2,340-$2,400. If the daily close climbs above $2,565, that becomes a bullish signal.
ETF money keeps flowing, but price transmission stays weak
Spot Ethereum ETFs kept attracting net inflows in the second half of 2026, and August booked roughly $1.85 billion on its own. The pass-through to price has been weak, however. At this stage, ETH prices look more sensitive to macro sentiment.
Two catalysts on the calendar
The market's focus includes two upcoming milestones: the Glamsterdam upgrade, expected to launch on mainnet in September or October, and the Federal Reserve's September policy meeting.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
