Prominent cryptocurrency trader Miles Deutscher projects that Ethereum (CRYPTO:ETH) could reach $8,600 during the 2025-26 bull cycle if current patterns mirror historical trajectories, with a 61% probability of breaking above $6,000.
Data-driven model shows strong upside potential
Deutscher outlined his analysis on X on Tuesday, emphasizing a data-driven approach combined with fundamental factors. The trader cited two key pillars driving Ethereum’s current rally: programmatic scarcity and institutional validation, both concepts that were theoretical during the previous cycle.
“There is a strong argument that ETH at $4,000 today is fundamentally stronger than it was at its peak of $4,800 in 2021,” Deutscher wrote, citing spot ETFs, access to 401(k) plans, and regulatory clarity for stablecoins and DeFi protocols.
Record ETF Inflows Signal Institutional Momentum
Ethereum exchange-traded funds (ETFs) saw record net inflows of $1.02 billion on Monday, led by BlackRock Inc.’s (NYSE:BLK) ETHA with $639.7 million. Total assets held by U.S. spot Ethereum ETFs now stand at $25.7 billion, representing 4.77% of ETH’s market capitalization.
The increase surpassed that of Bitcoin ETFs (CRYPTO:BTC), which saw $178 million in net inflows on the same day. Over the past 60 days, Bitcoin and Ethereum spot ETFs have attracted approximately $17 billion in net inflows, with more than $11 billion in July alone.
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Technical analysis supports a bullish outlook
Ethereum was trading at $4,626.87 on Wednesday morning, up 7.54% in 24 hours and 27.55% over the past week. The cryptocurrency remains just 13% away from its all-time high of $4,878 reached in 2021.
Technical analysts at Fairlead Strategies noted that ETH closed last week above long-term trading range resistance, positioning it for a potential breakout targeting the 2021 high if it manages to close above $4,000 this week.
Corporate Treasury Adoption Accelerates
Corporate adoption of Ethereum is gaining momentum, with companies like SharpLink Gaming Inc. (NASDAQ:SBET) planning to raise $400 million to expand its ETH treasury beyond $3 billion. BitMine Immersion Technologies Inc. (NASDAQ:BMNR) currently holds approximately $5 billion worth of Ethereum, making it the largest corporate ETH treasury in the world.
Fuente: Yahoo!Finanzas
