Analysts predict Ethereum growth to $ 10,000

The price of Ethereum ETH $2,783.99 Bridged Ether (StarkGate) 1.05% Market capitalization $0.24 billion VOL. 24 hours $1.93 billion may reach $ 10,000 if the current trend of coin accumulation by investors continues. Analysts at The Coin Republic note the growing demand for ETH, which is confirmed by the decrease in volumes on exchanges and the increase in the number of long-term holders.

The key role in the potential growth of Ethereum is played by the massive introduction of staking technology, which reduces the supply on the market. ETH may also be supported by the expected approval of spot ETFs on Ethereum, which may attract new institutional investors.

Additionally, experts are paying attention to Ethereum 2.0, which makes the network more efficient and energy-efficient, which increases its attractiveness to users.

However, the risks of correction remain, and some traders suggest that ETH may first test the $ 3,000 level before new growth. Nevertheless, the overall trend remains positive, and most forecasts point to Ethereum’s strong potential in the long run