Will Ethereum (ETH) Rally or Crash After the US Midterms: 3 AIs Weigh in

The upcoming elections may open the door to a broader crypto rally, Gemini suggested. The cryptocurrency market remains highly sensitive to major political events, and all eyes are now on the US midterm elections scheduled for November 3. Some analysts have warned that this vote preceded a significant decline in Bitcoin’s (BTC) price in the past, but it remains to be seen whether history will repeat itself. Another interesting question is how Ethereum (ETH) might perform after the upcoming elections, and to gauge the potential impact, we asked three of the most popular AI-powered chatbots. Here are the answers. Serious Volatility Incoming? According to ChatGPT, ETH is more likely to drop sharply, then recover after the vote. OpenAI’s platform noted that the asset’s price fell after the previous two US midterm elections, but said this occurred during crypto bear markets, and the latter coincided with FTX’s collapse, so it can’t establish a historical pattern. The chatbot claimed that a Republican win would likely give ETH a more bullish initial reaction, while a Democratic sweep would carry greater short-term downside risk. According to prediction market Kalshi, the Democratic Party...