Ethereum continues to exhibit positive trends in the market, while BitMine makes a bold forecast of its price reaching $60,000.
ETH's Support and Surge
Currently, Ethereum is trading around $3,780, showing a significant increase of 55% over the last month and more than 21% over the past six months. A major factor behind this surge is institutional investment, particularly linked to BlackRock's Ethereum ETF, which attracted more inflows than its Bitcoin counterpart.
BitMine's Investments and Their Implications
Recently, on July 24, 2025, BitMine announced its Ethereum holdings exceeding $2 billion, bolstered by a closed deal valued at $250 million. The involvement of prominent investor Peter Thiel, who acquired a 9.1% stake in BitMine, highlights a positive outlook on the company and its strategies.
$60,000 Projection Discussion
BitMine has set a price target of $60,000 for Ethereum, significantly higher than the current market value. This statement has become a topic of discussion on social platforms, with opinions divided: some support the projection, citing the company's substantial investments, while others question the feasibility of such an estimate, noting the need to achieve a market capitalization of $7 trillion.
Ethereum shows a strong bullish structure with high institutional interest and anticipated ecosystem developments. Predictions like BitMine's $60,000 are generating active discussions both in the market and among analysts.
