Ethereum Price Prediction: ETH Inches From All-Time High – Mega Breakout Could Send It to $20K
Main Idea
Ethereum's price is showing strong momentum, with predictions suggesting it could reach $25,000 by 2029, supported by institutional interest and ETF demand.
Key Points
1. Ethereum's current price is around $4,500, nearing its all-time high of $4,878 from November 2021.
2. Standard Chartered forecasts ETH could reach $7,500 by the end of 2025, $12,000 in 2026, $18,000 in 2027, and $25,000 by 2029.
3. Ethereum's trading volume is high, with over $49 billion in activity, and ETF holdings have reached $39.2 billion.
4. On-chain staking activity has increased, and institutional and ETF reserves account for 8.27% of total ETH supply.
5. Bitcoin Hyper (HYPER) has raised $9.4 million in its presale, signaling strong investor interest in Bitcoin-based DeFi projects.
Description
The Ethereum price is holding steady today at around $4,500 today, easing slightly after last week’s breakout but remaining well within range of its all-time high of $4,878 from November 2021. Despite the pullback, momentum remains strong. Standard Chartered just reiterated its bullish outlook , forecasting that ETH could break its previous high this quarter and finish the year at $7,500 – nearly double its previous $4,000 year-end target. Given that Ethereum is up 23% over the past week and 59%...
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