Galaxy Digital CEO Michael Novogratz predicts Ether (ETH) could test $4,000 and beyond within six months, fueled by accelerating institutional demand and constrained ETH supply. The executive highlighted significant corporate positions—including Sharplink Gaming and BitMine Immersion Technologies holding over 927,000 ETH combined—as strong indicators of institutional confidence in Ethereum’s growth trajectory.
Technical momentum supports Novogratz’s thesis, with Ether’s Relative Strength Index against Bitcoin surging over 36% in the past month. This suggests ETH may be poised to outperform Bitcoin. Novogratz maintains parallel bullish sentiment for Bitcoin, projecting a $150,000 price target while acknowledging potential influences from U.S. monetary policy shifts.
Investors are advised to monitor the ETH/BTC ratio as a key barometer for crypto market sentiment shifts and asset allocation trends, reflecting evolving institutional strategies across both assets.