Cryptocurrency analysts predict Ethereum growth to $ 6,000

Amid renewed growth in the crypto market and stabilization of the global economic situation, the probability of Ethereum ETH $3,785.89 Bridged Ether (StarkGate) -1.18% Market capitalization $0.1 billion VOL. 24 hours $2.39 billion reaching $ 6,000 by the end of the year on the options markets has increased from 7% in early July to 30%. Analysts attribute the increased interest in digital assets to the new trade agreement between the US and the EU, which has reduced tensions and increased investors' risk appetite.

The new agreement, which covers about one-third of global trade, includes a 15% tariff on European goods in the United States and additional EU commitments to purchase American energy and defense products. This mitigation of the conflict, which could have resulted in 30% tariffs, has created preconditions for the activation of the market for risky assets, including cryptocurrencies.

Over the past weekend, Bitcoin BTC $117,975.86 Bitcoin -0.91% Market capitalization $2.35 trillion VOL. 24 hours $1.7 billion rose by 4.45%, rising from $ 115,000 to $ 119,800, and Ethereum grew by almost 9%, from $ 3,570 to $ 3,900. At the same time, according to Nick Forster of Derive, the sharp rise in Ethereum’s price is accompanied by a noticeable increase in the probability of reaching $ 6,000 — the market currently estimates such an event at more than 30%.

Experts point out that the current growth in the cryptocurrency market is more stable compared to previous surges: low volatility and moderate financing rates indicate interest from investors who buy assets without excessive use of borrowed funds. Analysts attribute this to the emergence of bitcoin ETFs in the United States, which has made it easier for traditional players to enter the market.

As for the forecasts, the options market currently gives a 52% probability of Bitcoin reaching $ 150,000 by the end of the year, while Ethereum is expected to experience sharper price fluctuations. It is expected that the altcoin season will be more moderate, with an advantage in favor of established projects. Investors are also paying attention to the decisions of the Federal Reserve and the Bank of Japan, which may further affect the dynamics of the crypto market by the end of the year.