Ethereum could be gearing up for a significant move, with growing interest from institutional investors and renewed bullish sentiment among top analysts.
Crypto market watcher Pentoshi believes Ethereum is entering a phase that may catch many off guard. The analyst, known for accurate market predictions, has set a target of $3,200 for ETH, with the possibility of new all-time highs in sight. He points to a shift in sentiment and mounting evidence that capital is flowing steadily into Ethereum.
According to him, the tide is turning: corporate demand is on the rise, and in less than a month, public firms may hold enough ETH to offset the total supply issued since Ethereum’s switch to proof-of-stake during the Merge. Pentoshi highlights Ethereum’s relatively smaller market cap compared to Bitcoin as a reason why it could respond more aggressively to incoming capital.
He urges investors to look past tribal biases and examine the data objectively, suggesting that Ethereum’s next leg up could appear obvious only in hindsight.
Adding to this view, Fundstrat’s Tom Lee recently remarked that Ethereum is set to benefit from the explosive growth of stablecoins. In a recent interview, Lee emphasized that since major stablecoins like USDC are built on Ethereum, increased adoption—especially with regulatory backing—could revitalize the network and drive demand for ETH.
As Ethereum continues to play a foundational role in decentralized finance and digital dollar infrastructure, analysts say it may only be a matter of time before the market fully reflects its value.
Alexander Stefanov
Reporter at Coindoo
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Source: https://coindoo.com/ethereum-momentum-builds-as-analysts-spot-early-signs-of-major-upside/