Ethereum (ETH) is showing significant growth, with a recent price increase of 47% over the past month. Some analysts predict that the price may reach $4,000 soon.
Ethereum Nears $4,000
Former BitMEX CEO Arthur Hayes stated that Ethereum could reach $4,000 in the near future. In a post on his X account, he shared a chart showing Ethereum trading at $3,711.80.
This came after the ETH price gained 3.33% on the day and over 47% in the last month. Hayes also asked his followers how they would celebrate once Ethereum hits $4,000.
What's Driving Ethereum's Price Growth
Analysts have highlighted several reasons behind Ethereum's recent move. One reason is the rising demand for tokenized assets. More institutions are using Ethereum's network to develop financial products and transfer value, driving interest and increasing the network's utility.
Additionally, the launch of Ethereum staking products allows investors to earn a yield from Ethereum without needing to manage wallets or perform staking themselves, making Ether more appealing to traditional investors.
Analysts' Expectations for Ethereum Price
Other market watchers have set high targets for Ethereum's price. Tom Lee of Fundstrat predicted that ETH could reach between $10,000 and $15,000 by the end of 2025, based on comparisons with software-like companies, particularly in terms of value and growth potential.
Additionally, some predictions have gone even higher, with one long-term model placing Ethereum’s future price at $706,000 based on global value estimates reaching $85 trillion. Currently, Ethereum continues to rise, trading at $3,736.17, up 5.09%.
Supported by growing interest from institutional investors and increased on-chain activity, Ethereum appears strong in the market, and it is likely that its price surpasses historical levels in the near future.
