Ethereum (ETH), the second-biggest cryptocurrency by market cap, has been on a roll lately. Over the past week, it jumped 12% in price and is now trading around $4,700. This sudden surge has sparked excitement in the crypto world, with many wondering if ETH is on track to break its previous all-time high of nearly $5,000—and maybe even go higher.

**Is Ethereum Ready to Break Records?**

Many crypto analysts believe Ethereum is in a strong position to reach a new record high. Some are predicting this could happen as soon as October. To get more insight, we checked in with top AI-powered chatbots to see what they think about Ethereum’s future.

ChatGPT suggested that ETH has a solid chance of hitting new highs soon. One reason is the recent launch of the first Ether Staking Exchange-Traded Product (ETP) in the U.S. by Grayscale. This product allows investors to earn rewards from staking while holding ETH, which could attract more institutional investors and push prices up.

ChatGPT also noted that Ethereum often follows Bitcoin’s lead. Since Bitcoin recently hit a new all-time high of over $126,000 on October 6, Ethereum might follow suit. However, it did mention that ETH needs to break past strong resistance at $4,800 first.

Grok, another AI chatbot from the platform X, echoed similar thoughts. It predicts ETH could reach between $5,000 and $5,500 by mid-October. According to Grok, factors like historical trends, growing interest in spot ETFs, and strong inflows into crypto markets are all helping to boost Ethereum’s price.

Grok also offered some simple advice: “Crypto is volatile—so be smart with your investment size and use stop-losses. If you’re bullish, buying dips around $4,375 could be smart. If you’re cautious, keep an eye on support at $4,450.”

Perplexity AI estimated there’s about a 70% chance that Ethereum will hit a new all-time high this month. If the positive momentum continues, it even sees the possibility of ETH climbing as high as $7,500 in the near future.

**Could Ethereum Hit $10,000 Soon?**

On October 7, popular crypto influencer Crypto Rover shared his bold prediction: Ethereum might skyrocket to $10,000 soon. His reasoning? The U.S. Federal Reserve could cut interest rates later this month.

The Fed’s next meeting is scheduled for October 29. Based on predictions from Polymarket, there’s a 90% chance they’ll reduce the benchmark rate by 0.25%. Lower interest rates make it cheaper to borrow money, which can encourage more investment in higher-risk assets like cryptocurrencies.

If the Fed does cut rates and the crypto market stays hot, Ethereum could be heading for a massive rally—possibly even breaking through the $10K barrier.

**Key Takeaways:**
– Ethereum surged 12% in one week and is now around $4,700.
– Analysts and AI tools suggest ETH could break its previous record high of $5,000 soon.
– Factors like Bitcoin’s recent rise, Grayscale’s new Ether Staking ETP, and ETF inflows are helping drive momentum.
– There’s a chance ETH could hit $7,500 or even $10,000 if market conditions stay strong and interest rates drop.

With all these developments lined up, October could be a major turning point for Ethereum investors.