Ethereum Price To $10,000? Analysts Say Not This Cycle

Core Viewpoint - Ethereum's price is not expected to reach $10,000 until 2030, according to analysts from a leading mining firm, indicating a slow recovery phase after a period of weak sentiment [1] Group 1: Market Sentiment and Recovery - Ethereum is currently seen as a turnaround story, with analysts suggesting that the rebuilding period may provide a useful entry point for investors [1] - A crypto analyst predicts Ethereum could experience a sharp re-rating over the next year, potentially reaching a fair value between $8,000 and $10,000 by early 2026, driven by growing interest from large investors [3] Group 2: Demand and Policy Support - If demand for Ethereum builds and supportive policies remain in place, there may be significant upward potential for ETH [4] - Earlier concerns about Ethereum's ecosystem losing energy due to setbacks have been noted, including slowed on-chain activity and criticisms of layer-2 scaling efforts [4] Group 3: Stablecoin Ecosystem - Ethereum maintains a central position within the stablecoin ecosystem, with over 53% of the sector's $307 billion market operating on its network, compared to just over 4% for Solana [5][6] - Major stablecoins like USDT and USDC, which account for more than two-thirds of the global stablecoin supply, are primarily issued on Ethereum [5] Group 4: Institutional Adoption - Large institutions are increasingly adopting stablecoins for various financial activities, which could further solidify Ethereum's role as the main network for these transactions [6] - Notable moves by institutions, such as JPMorgan accepting crypto as collateral and Ripple's $1 billion investment in stablecoin expansion, are directing more activity toward Ethereum [6][7]