The Trend Research report highlights the increasing institutional demand for Ethereum, which could allow it to surpass Bitcoin in market capitalization in upcoming cycles.
Growth Predictions for Ethereum
Trend Research, a subsidiary of LD Capital, noted that institutional demand for Ethereum is exceeding its supply. Leading analysts, including Jack Yi and Yi Lihua, have pointed to institutional flows and macroeconomic conditions as catalysts for future growth. A boom in Ethereum demand is predicted, especially in bullish cycles.
Historical Trends and Current Ethereum Price Analysis
Ethereum currently stands at $4,568.22 with a market cap of $551.42 billion, experiencing a quarterly increase of 73.19%. In the last 24 hours, trading volume reached $42.90 billion. In previous cycles, Ethereum showed significant growth spurts, notably in 2017 and 2021.
Macroeconomic Factors and Their Impact on Ethereum
According to Jack Yi, factors such as expected interest rate cuts in the U.S. can significantly alter Ethereum's market dynamics. In a potential bull market, Ethereum could reach a new level, with price forecasts up to $5,000.
The Trend Research report emphasizes the potential for Ethereum to overtake Bitcoin due to rising institutional demand and favorable macroeconomic conditions that could support growth in the cryptocurrency market.
