Browsing: Supercycle

Ethereum is poised for a supercycle similar to Bitcoin’s historic surge, driven by institutional accumulations like BitMine’s aggressive strategy and network upgrades ensuring low fees and high activity, with potential price targets up to $7,000 by end-2025 amid evolving market dynamics.

Corporate Ethereum accumulation surged in Q3 2024, with 95% of public company ETH buys occurring in that period, totaling 4 million ETH worth $19.13 billion. This trend, led by entities like BitMine and Sharplink Gaming, highlights institutional confidence and potential supply impacts, amid technical uncertainties and macroeconomic influences shaping Ethereum’s market trajectory.