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Cryptocurrency News Articles

Ethereum (ETH) Price Prediction 2025-2030: Will ETH Hit $10,000 This Bull Run?

Nov 19, 2024 at 09:49 pm

Spot Ethereum ETFs saw a cumulative inflow of $515 million in the past week, the highest since their launch in July 2024.

Ethereum (ETH) Price Prediction 2025-2030: Will ETH Hit $10,000 This Bull Run?

Spot Ethereum ETFs saw a net cumulative inflow of $515 million in the past week, marking the highest inflows since their launch in July 2024, according to data from digital asset fund CoinShares.

The inflows come amid a rally in the cryptocurrency markets, with Ethereum’s price rising about 5% to trade at $3,100.

The inflows also follow Republican Donald Trump’s victory in the US presidential election, which has sparked calls for $10,000 Ethereum in 2025.

The inflows into spot Ethereum ETFs began picking up steam after Trump’s victory, continuing a trend that began earlier in the year.

However, the inflows into Ethereum ETFs have been largely offset by outflows from other digital asset products, CoinShares noted.

Overall, digital asset outflows amounted to $33 million in the past week, the lowest outflows since August.

Meanwhile, outflows from gold ETFs also reached a record high of $4.3 billion.

As Ethereum continues its consolidation in the $2,800-$3,200 range, several crypto analysts remain bullish on ETH’s prospects, especially after a bullish breakout from a broadening descending wedge on the daily time frame.

Now trading at $3,100, ETH appears poised for a strong rally towards $4,000 resistance, which could pave the way for a massive leg up to $7,000-$10,000.

Moreover, prominent crypto analysts are now confident that ETH will hit $10,000 at some point during this bull run, considering its higher-low structure over the past 2.5 years.

CryptoSlate now tracks over 100موسىقى الراب الحرة العملات الرقمية мемية عبر سلاسل مختلفة مثل إيثريوم و بوليجون.

In particular, smart money investors are all stacking Pepe, Brett and Pepe Unchained, eyeing anywhere between 10x to 100x returns from them.

For the uninitiated, Pepe is the top meme coin on إيثريوم, while Brett is the leading meme token on Base, إيثريوم’s layer-2 chain operated by Coinbase.

Meanwhile, Pepe Unchained is a meme coin that will launch on إيثريوم.

Unsurprisingly, expectations from PEPE are quite high, following its recent listing on Coinbase and Robinhood. Most experts are in consensus that the top إيثريوم meme coin will peak somewhere between $30 billion and $50 billion in 2025.

Similarly, whales are bullish on BRETT, especially following reports of Coinbase CEO Brian Armstrong’s meeting with Trump.

For the uninitiated, BRETT is the top meme coin on Base, the إيثريوم layer-2 chain operated by Coinbase.

There is also significant speculation that the exchange could soon list BRETT on its platform.

On the other hand, demand for low-cap meme coins is also skyrocketing. For instance, إيثريوم presale cryptocurrency Pepe Unchained (PEPU) has now raised over $37.9 million in its initial coin offering (ICO), raising nearly $3 million in just a little over 24 hours.

There is now a growing belief that PEPU could raise over $50 million before its highly-anticipated launch on December 13th.

Pepe Unchained is a meme coin with strong fundamentals. Whether it is in-demand utilities like a Layer-2 ecosystem and a two-click meme coin launchpad or security features like a transparent roadmap and multiple security audits, the project has appealed to whales and retailers alike.

A deep-pocketed investor has now purchased over $300k worth of the meme coin. Just yesterday, another whale swapped $50k worth of إيثريوم for PEPU.

Unsurprisingly, prominent crypto experts are eyeing outsized returns from Pepe Unchained, with some even eyeing 700x returns. Even if that doesn’t pan out, there is a growing belief that PEPU could offer anywhere between 10x and 100x returns.

News source:finbold.com

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Other articles published on Nov 20, 2024