Three Factors That Could Push Ethereum to a New All-Time High This Year
Analysts from MV Global predict Ethereum could surge by over 50% in the latter half of the year. Here are the three key factors that might drive this growth.
1. Spot ETFs
The primary source of optimism is the anticipated launch of spot ETFs in July. Similar Bitcoin funds have attracted $15 billion in six months, with projections for Ethereum ranging between $5–10 billion. Since Ethereum’s market cap is three times smaller than Bitcoin’s, these expected investments could result in higher percentage growth for Ethereum.
2. Staking
Another positive factor is the reduction in supply due to increased staking. Currently, 32.8 million ETH is staked (27.3% of the total supply).
3. Coin Burn
Since transitioning to PoS, 1.4 million ETH have been issued, while 1.7 million ETH have been burned. As network activity increases, this gap is expected to widen, with a portion of transaction fees being burned.
MV Global believes that these combined factors could help Ethereum reach a new price record this year.
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