An artificial intelligence model predicts that Ethereum ($ETH) could trade around $2,140 on June 1, 2026, as the cryptocurrency attempts to stabilize after recent weakness.
The Ethereum price prediction comes as $ETH trades near the key $2,000 psychological level following a broader cryptocurrency market pullback driven by weaker investor sentiment.
At the time of analysis, Ethereum was trading at $2,014 after failing to reclaim resistance above $2,100. Analysts are closely watching support between $1,900 and $1,950.
The AI-based Ethereum forecast from OpenAI’s ChatGPT suggests $ETH could stage a modest recovery if broader market conditions remain stable and Bitcoin avoids another sharp correction. Under the $ETH price prediction, Ethereum is expected to rebound toward the $2,140 region by June 1.
The Ethereum forecast is based on technical indicators, market momentum, and macroeconomic conditions.
Current indicators show mixed sentiment, with neutral-to-bearish RSI readings and cooling trading volumes signaling weaker buying pressure. However, institutional interest remains relatively steady, with some large investors continuing to accumulate $ETH during market dips.
Ethereum still faces key resistance before a stronger bullish trend can emerge. The AI model identified the $2,300 to $2,500 range as a critical zone buyers must reclaim to confirm renewed upward momentum.
Key Ethereum price levels to watch
At the same time, the latest $ETH weekly chart analysis shared by crypto analyst Ali Martinez on X on May 29 points to growing downside risks if Ethereum loses critical support levels.
According to the technical setup, a weekly close below $1,850 could trigger downside acceleration and confirm a broader bearish breakdown for $ETH.
The chart structure identified $1,560 as the first major downside target, marking interim structural support within Ethereum’s broader range. If bearish momentum intensifies, $ETH could then decline toward the $1,070 region, which represents the lower boundary of its multi-year channel.
If Ethereum $ETH prints a weekly close below $1,850, a downside acceleration becomes highly likely.
From a purely technical perspective, the broader channel structure points to two major downside targets following this rejection:
• First Target: Around $1,560 (interim… https://t.co/LNkygeXO5n pic.twitter.com/rOGsvEsahu
— Ali Charts (@alicharts) May 29, 2026
The latest Ethereum price prediction also reflects uncertainty across financial markets as investors react to interest rate expectations and ETF-related capital flows.
In this context, U.S. spot Ethereum ETFs extended their redemption streak this week, recording about $216 million in net outflows over seven days as weaker market sentiment weighed on demand.
Data showed May 28 recorded the largest single-day outflow at $121.4 million, led by roughly $80 million exiting BlackRock’s ETHA fund. Previous sessions posted withdrawals of $67.1 million on May 27 and $35.1 million on May 26, extending the outflow streak to more than 10 consecutive days.
The trend mirrors weakness in Bitcoin ETFs as investors rotate toward alternative cryptocurrencies such as Solana and XRP.
Rising Treasury yields, a stronger U.S. dollar, and profit-taking near the $2,000 level have also pressured Ethereum sentiment, although cumulative ETF flows since launch remain positive overall.
