Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»Experts say Ethereum is targeting $10,000 thanks to two key factors.
ETHEREUM NEWS

Experts say Ethereum is targeting $10,000 thanks to two key factors.

By Crypto FlexsMarch 7, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Experts say Ethereum is targeting ,000 thanks to two key factors.
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum is emerging as the vanguard of innovative financial systems. Second-value blockchain advocates extol the virtues of smart contracts and envision a future characterized by market transparency, tokenized funds, and fast settlement times.

At the time of writing, Ether was trading at $3,780, up 2% and 8% on daily and weekly time frames, according to data from Coingecko.

Ethereum’s untapped institutional potential

Experts argue that Ethereum has yet to go through an institutionalized hype cycle and is lagging behind the enthusiasm witnessed by Bitcoin.

Robby Greenfield, visionary co-founder and CEO of Umoja Labs, predicts a significant increase in institutional interest in Ethereum, especially with the impending Bitcoin halving and the cascading influx of Bitcoin ETFs.

Greenfield’s bold prediction puts Ethereum on track to narrow Bitcoin’s gains, claiming the cryptocurrency could surpass $10,000 this year.

He believes that institutional investors will play a pivotal role in taking Ethereum to new heights, leading to a surge in buying pressure.

ETH price action in the last week. Source: Coingecko

Regulatory Crossroads: SEC’s Position on Ethereum ETFs

While optimism is rising, Ethereum’s path to dominance is not without regulatory hurdles.

The U.S. Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, may adopt a cautious approach to approving an Ethereum ETF, unlike the relatively smooth approval process for Bitcoin ETFs.

Gensler’s hesitation stems from the SEC’s history of reluctantly approving Bitcoin ETFs following a legal battle with Grayscale.

Total crypto market cap is currently at $2.456 trillion. Chart: TradingView.com

The SEC is expected to scrutinize Ethereum ETF applications in May, including those from financial giants BlackRock and Fidelity.

Despite industry expectations, the likelihood of approval varies. Polymarket estimates the likelihood at 43%, while JPMorgan puts a more optimistic 50% chance.

Ethereum’s Catalyst: Dencun Upgrade

JPMorgan highlights Dencun upgrade as a potential catalyst for Ethereum’s growth. Built to improve scalability by reducing the cost of various rollup solutions, this upgrade facilitates batching cryptocurrency transactions into smaller chunks of data anchored on the Ethereum network.

Unlike Bitcoin’s programmed scarcity, which has a limited token supply of 21 million, Ethereum’s supply is infinite, creating a unique dynamic in the cryptocurrency landscape.

Bybit’s Institutional Director Eugene Cheung highlights the positive implications of the Dencun upgrade for Ethereum supporters.

With Layer 2 solutions built on top of Ethereum, blockchain is evolving into the payment layer for new digital infrastructures encompassing gaming, trading, and investing.

In the eyes of some, the upcoming decision on the Ethereum ETF is just the beginning.

Bloomberg ETF analyst Eric Balchunas dismissed the Ethereum ETF as “small potatoes,” characterizing it as an overwhelming prelude to more substantial developments in the cryptocurrency space.

Featured image from Pexels, chart from TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Ripple says that after a network stop for an hour, the director of the XRP will return online.

February 5, 2025

Search volume for Solana on Google has increased 250% in the past two months.

December 19, 2023

Bitcoin whale accumulation mirrors the trend of 2020, when BTC rose 550%.

October 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.