After nearly a year in the shadow of memecoins and rival blockchains, Ethereum (ETH) is regaining momentum. Rising nearly 50% in the last 60 days, analysts say it still has growth potential.
Mateusz Kara, CEO of crypto payment company Ari10, stated that the recent rise in the Ethereum chart is due to investors pricing in this growth in advance, adding, “Ethereum reaching $7,000 no longer seems unreal.”
Ethereum traded at $3,600 today.
Ethereum’s rise comes amid a general rally, with the crypto market cap surpassing $4 trillion for the first time. As the second-largest crypto asset after Bitcoin, Ethereum has recently attracted increasing interest, particularly from institutional investors.
Coinbase analysts noted that this preference stems not only from diversification but also from a search for yield. The report, published today, stated: “Many companies are aiming to generate returns by staking their Ethereum holdings. Some are even locking their supply through DeFi integration, symbolizing a shift from speculative trading to strategic asset allocation.”
Mateusz Kara also said that the GENIUS Act, recently signed by President Trump, presents a “huge opportunity that could significantly increase” the valuation of blockchains hosting stablecoins.
*This is not investment advice.
Read the full article here
