Weekends are typically quieter in the crypto market, with lower trading volumes leading to price stability. This past weekend, Ethereum saw renewed demand at around $3,100.
Crypto analyst Michael van de Poppe predicts that an Ethereum ETF will launch next week, potentially causing a significant price reversal for ETH and attracting more interest and trading activity.
After attending the ETH.CC event, van de Poppe highlighted the underestimated influence of Ethereum on social media. The conference emphasized Ethereum’s strong ecosystem, innovative projects, and important role in decentralized finance (DeFi) in the future.
The event also showcased Ethereum’s growing adoption and potential to revolutionize various industries. Blackrock’s tokenization fund has hit $500 million on the Ethereum blockchain, showing increasing confidence in Ethereum’s technology for large-scale financial operations.
Timothy Peterson, a crypto enthusiast, predicts that Ethereum’s price could reach between $4,600 and $6,000 by March 2025, up from its current price of $3,120. He also believes there is a 90% chance that Bitcoin will reach a new all-time high within the same timeframe based on his previous analysis.