Ethereum, which has recently remained overshadowed by memecoins and rival blockchains, is regaining momentum. In the last 60 days, the price of Ethereum has increased by nearly 50%, and analysts believe it still has growth potential.
Ethereum's Rally
Today, Ethereum is trading at $3,600. The recent spike in price reflects investors' expectations of future success for the asset. Mateusz Kara, CEO of the crypto payment company Ari10, noted, 'Ethereum reaching $7,000 no longer seems unreal.'
Interest from Institutional Investors
According to Coinbase analysts, the interest in Ethereum from institutional investors is driven by the desire for diversification and search for yield. In their report, they stated, 'Many companies aim to generate returns by staking their Ethereum holdings. Some are even locking their supply through DeFi integration, symbolizing a shift from speculative trading to strategic asset allocation.'
New Prospects for the Blockchain
Mateusz Kara also mentioned the recently signed GENIUS Act by President Trump, which presents a 'huge opportunity that could significantly increase' the valuation of blockchains hosting stablecoins.
Ethereum is demonstrating strong growth amidst a broader recovery in the crypto market. The increasing interest from institutional investors and new legislative initiatives highlight its potential and opportunities for further growth.
