According to Eric Jackson, founder of EMJ Capital, Eric Jackson, the next price increase “may catch everyone off guard.”
“Our analysis shows that ETH network prices are underestimated,” Jackson explain In a series of X posts on Sunday. “Ethereum is quietly becoming the main railway system for popular economics to trade in cryptocurrencies.”
He said that potential recognition of funds traded on Ether (ETH) exchanges, which featured in the U.S., where the use of blockchain by large financial companies could be “a catalyst for 10-Bagger Plus Move”, meaning that their value will increase tenfold.
The Securities and Exchange Commission allows EthETFS to be launched in July 2024 and Analysts speculate Regulators will approve the bet This year.
Ether Storage ETF Approval Unpriced
Jackson said many people mistakenly believe that ETH has priced approved US ETFs because they are “the Great Depression” compared to Bitcoin (BTC) ETFs.
so far according to Go to coinglass.
“The real catalyst is still ahead: approvals are expected by October,” Jackson said.
“Once ETH becomes productive, the assets stored in ETF packaging…it’s no longer just ‘digital oil’. It’s an institutional-level product product.”
He added that ETFs will make the “already deflated markings” of Ethereum more complex, as the circular supply of cryptocurrencies will be cut through traditional finance and increased storage demand.
“ETH Commerce” will push the price to $1.5 million
Jackson said ETH could eventually rise to $1.5 million if major companies using blockchain continue to grow.
He noted that StableCoin issuer circle group, crypto exchange Coinbase, e-commerce platform Shopify and Trading Platform Platform Robinhood all use or grant their users the Ethereum network.
Jackson said if traders believe in the continued growth of these companies and “some parts of the business stay in cryptocurrency and stay away from Fiat, then you believe in ETH.”
“If this transformation into ETH business really happens (I believe this will happen), then over time, ETH will reach $1.5 million.”
Ether may be the “100-elimination” on defi, L2 breakthrough
Jackson said he and his company’s “basic case” Ether would see the token reach $10,000 at the end of this cycle, which usually comes to mind In the four-year neighborhood And make the current Bull Run the end of March 2026.
He added that his company’s “bull case” will see Ether reach $15,000 on condition that adoption of Tier 2 blockchain and ETH inflows “overtake expectations of new deposit approvals expected by October.
Jackson said his forecast does not believe any breakthroughs will occur in decentralized finance, stablecoins or higher using Robinhood and Coinbase’s Layer 2 network, adding that the addition of these factors will make ETH “100-Bagger”.
Ether’s current trading is around $3,040, up 2.8% over the past 24 hours, rallying with Bitcoin, which hit a new peak of $120,000 earlier on Monday, according to To Nansen.
Trade secrets: Highly believe that ETH will surge by 160%, Sol’s emotional opportunities
