The cryptocurrency market remains highly sensitive to major political events, particularly the US midterm elections scheduled for November 3. ChatGPT expects Ethereum (ETH) to drop sharply immediately after the vote before recovering, while Perplexity forecasts a rapid move in either direction that could be amplified by liquidations and high leverage. Prediction market Kalshi gave the Democratic Party a 67% chance of winning the US Senate at the start of November, compared with 33% for its opponents. Google Gemini is more optimistic and forecasts ETH rising to around $3,200 one month after the election and potentially toward $4,000 within 90 days. Gemini also expects a new all-time high of between $5,200 and more than $6,000 within 12 to 18 months, driven by regulatory clarity, spot ETF inflows and a broader market expansion.
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