As Ethereum ($ETH) price rallied 4% over the past 24 hours to trade at about $1,741 on Friday, Finbold sought the July 31, 2026, price predictions from Grok and DeepSeek.
On July 3, the average Ethereum price prediction for July 31 from Grok and DeepSeek was $1,820. Furthermore, both their mean base, bullish, and bearish cases were about $1,832.50, $2,095, and $1,532.50, respectively.
The base AIs’ $ETH prediction case may have been bolstered by record Binance withdrawals, as shown by CryptoQuant’s data. In the bullish case for Ethereum, the AI argued that it could be fueled by a further Bitcoin (BTC) uptrend. However, the AI cautioned that if the recent uptick in Binance withdrawals were driven by the implementation of Markets in Crypto Assets (MiCA) regulations, a potential deposit to other crypto exchanges could trigger a bearish scenario.
Why is AI bullish on Ethereum price in July?
The AI could be signaling further bullish momentum in Ethereum price over the next four weeks following the recent rebound. Notably, $ETH price rebounded from its support level around $1,520 twice in June, thus forming a possible double bottom.
The recent rebound could have been catalyzed by renewed demand from Ethereum treasury companies and spot $ETH ETFs (exchange-traded funds). The largest Ethereum treasury company, BitMine Immersion Technologies Inc. (NYSE: BMNR), accumulated about 283,139 $ETH over the past 30 days, according to data from CoinGecko.
As such, the Ethereum treasury companies hold 7,709,570 $ETH, valued at approximately $13.44 billion at press time. Meanwhile, the $ETH ETFs have recorded two consecutive days of cash inflows totaling about $43.97 million, ending their 9-day streak of bleeding, as per metrics from SoSoValue.
As such, if institutional investors continue to accumulate $ETH, the AI’s bullish and base scenarios may be realized by the end of this month. However, if institutional investors resume distribution, the AI’s bearish outlook could materialize.
