#Ethereum could rise to $12,000.#
Hot Topic Overview
Overview
Ethereum could reach $12,000 this year, according to a prediction from Dr. Sean Dawson, Head of Research at Derive. He believes that President Trump's first year in office and the Pectra upgrade will drive the price of Ethereum higher. Additionally, increased adoption and ETF absorption could also boost the price of Ether.
Ace Hot Topic Analysis
Analysis
Ethereum could reach $12,000 this year, according to Dr. Sean Dawson, Head of Research at Derive. He believes that Ethereum's Pectra upgrade, President Trump's first-year support for cryptocurrencies, wider adoption, and increased ETF absorption will all drive the price of Ethereum higher. The Pectra upgrade is a major update to the Ethereum network designed to improve its efficiency and scalability, while President Trump's positive stance on cryptocurrencies has created a favorable environment for its development. Additionally, Ethereum's application scope is expanding, with more and more businesses and individuals using the Ethereum network, which will also drive its price up. Finally, ETF absorption has provided new investment channels for Ethereum, attracting more capital inflows. Taking all these factors into account, Dr. Dawson believes that it is not impossible for the price of Ethereum to reach $12,000 this year.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum's Pectra upgrade could drive ETH price higher
President Trump's first year in office could have a positive impact on ETH price
Wider adoption and increased ETF absorption could drive ETH price higher
ETH price could reach $12,000 this year