Ethereum

Eric Trump Says Ethereum (ETH) Should Already Be at $8K, Citing Global Money Supply Growth

4 days ago
Bitcoin Ethereum News
  • Ethereum is trading around $3,636, and analysts believe it could reach $8,000 due to global M2 money supply growth.
  • Spot Ethereum ETFs are seeing record inflows with iShares ETHA hitting $10 billion in assets under management in under a year.

Ethereum’s price remains in focus as analysts and industry leaders highlight its correlation with global liquidity growth. World Liberty Financial (WLF) project lead Eric Trump has stated that Ethereum (ETH) is significantly undervalued and should trade near $8,000, given the expansion of the global M2 money supply. ETH is currently consolidating around $3,636, up 1.46% in the past 24 hours, after gaining over 150% since April.

Global M2 Expansion and Ethereum’s Price Outlook

Ethereum has closely followed global liquidity trends, with analysts suggesting that rising M2 levels offer substantial upside potential. The U.S. M2 money supply increased by 4.5% year-over-year in June, reaching $22.02 trillion, the fastest growth since mid-2022. According to analyst TedPillows, this expansion implies ETH should already be above $8,000. Eric Trump echoed the sentiment, emphasizing Ethereum’s strong fundamentals and growing institutional demand.

Recent market movements show ETH finding strong support at $3,600 following its rally to $3,900 earlier this week. A large 640,000 ETH unstaking event temporarily triggered a price correction, but analysts believe the market is entering an accumulation phase.

Marcus Corvinus, another prominent analyst, pointed to critical demand zones, citing price targets of $3,993, $4,263, and $4,554. A breakout above these levels could push Ethereum into a sharper upward trajectory.

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Source: X

Recent price action suggests ETH is preparing for a potential breakout. The asset has maintained stability, holding above key support levels. Such consolidation often precedes an upward move as the market shifts toward a new trend. Traders are closely watching ETH, anticipating a breakout in the near term.

ETF Inflows Signal Institutional Confidence

Institutional inflows into spot Ethereum ETFs remain a key driver of bullish sentiment. On July 24, spot Ether ETFs recorded $214 million in net inflows, marking 15 consecutive days of positive activity. iShares Ethereum Trust (ETHA) crossed $10 billion in assets under management, doubling its holdings from $5 billion in just 10 days. According to Bloomberg ETF analyst Eric Balchunas, ETHA’s growth rate ranks as the fastest for an Ethereum-focused ETF and the third-fastest overall in U.S. history.

Fidelity’s Ether ETF (FETH) also saw significant participation, leading with $203 million in single-day inflows. BlackRock’s Ethereum ETF has similarly reached a $10 billion milestone within its first year, underscoring the growing acceptance of Ethereum among institutional investors. These inflows highlight a deepening market interest in Ethereum as a core asset for both retail and institutional portfolios.

Analysts Predict Strong Upside Potential

Crypto strategist Javon Marks projects Ethereum could soon reach $4,811, representing a 27% increase from its current price. If the bullish momentum continues, Marks sees a path toward $8,557, offering a 75% upside. 

Arthur Hayes, co-founder of BitMEX, aligns with this outlook, suggesting Ethereum could hit $10,000 by year-end if global liquidity conditions remain favorable. Ethereum’s strong network fundamentals, institutional adoption, and ETF-driven demand suggest sustained bullish momentum.

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