Trader Eugene, known as 0xENAS, forecasts that the price of Ethereum may return to the range of $3,800 to $4,000. His prediction is based on an analysis of current market conditions.
Ethereum Price Prediction
Eugene believes that Ethereum's price will once again reach the $3,800–$4,000 range despite complex market conditions and changes in trading positions in late July and early August 2025.
Impact of Institutional Demand
Expectations for Ethereum's price surge are linked to potential institutional demand. Eugene notes that recent price changes in ETH did not lead to increased interest in altcoins, indicating a concentration of investments in Ethereum. Regulatory clarity also contributes to growth expectations.
Altcoins Remain Stable
According to Eugene, altcoins have remained unchanged, suggesting that the current state of the market is different from previous 'altcoin seasons'. He also pointed out that significant past upgrades of ETH often served as growth catalysts, which may again play a role in the current market dynamics.
Eugene's forecast underscores a sustained confidence in Ethereum, rooted in institutional demand and regulatory clarity, while altcoins remain in stagnation.
