Etherealize analysts predict Ethereum growth to $ 8000

The analytical company Etherealize has presented a new model for evaluating Ethereum ETH $2,327.98 Bridged Ether (StarkGate) -1.20% Market capitalization $42.71 million VOL. 24 hours $0.49 billion , calling it «digital oil.» Experts made a bullish forecast of $ 8,000 per coin. The current price of ETH is $ 2,480, which is 10% lower than the last peak.

According to the analysis, ETH is undervalued because investors often treat it as a technology stock, valuing it only by network commission income (DCF model). Etherealize believes that this valuation ignores Ethereum’s monetary functions, its scarcity, and its role as a collateral in the DeFi ecosystem. They compare ETH to oil, a critical element of the economy that provides energy, only in the digital world.

In the long-term scenario, experts assume that ETH can reach a capitalization of $ 89 trillion ($ 706,000 per coin), in the medium term — $ 80,000, and in the near future — $ 8,000. At the same time, Ethereum has already risen by 90% from its April low of $ 1,400, in part due to a steady inflow of funds into US spot ETFs — $ 240 million in just one day and 18 consecutive days of positive balance.

However, the technical picture is mixed: ETH failed to hold the $ 2,850 level and fell below $ 2,750. If it does not regain this zone, it may form a rounded top pattern and test support at $ 2,500. An additional decline below $ 2,110 could destroy the bullish scenario and send the price to $ 1,800. The RSI, Stoch, and MACD indicators show a potential increase in bearish pressure.

To start a new wave of growth, ETH needs to return above $ 2,850, and then we can expect a move to $ 3,400 with the first hurdle at $ 3,078 (61.8% Fibonacci).