Prominent cryptocurrency trader Miles Deutscher projects Ethereum (CRYPTO: ETH) could reach $8,600 during the 2025-26 bull cycle if current patterns mirror historical runs, with a 61% probability of exceeding $6,000.
Data-Driven Model Shows Strong Upside Potential
Deutscher outlined his analysis on X Tuesday, emphasizing a data-driven approach combined with fundamental factors. The trader cited two key pillars driving Ethereum’s current repricing: programmatic scarcity and institutional validation – both concepts that were theoretical during the previous cycle.
“There is a strong argument at ETH at $4,000 today is fundamentally stronger than it was at its $4,800 peak in 2021,” Deutscher wrote, referencing spot ETFs, 401(k) access, and regulatory clarity for stablecoins and DeFi protocols.
Record ETF Inflows Signal Institutional Momentum
Ethereum exchange-traded funds posted 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 surge outpaced Bitcoin (CRYPTO: BTC) ETFs, which recorded $178 million in net inflows the same day. Spot Bitcoin and Ethereum ETFs have attracted approximately $17 billion in net inflows over the past 60 days, with over $11 billion flowing in July alone.
Technical Analysis Supports Bullish Outlook
Ethereum traded at $4,626.87 as of early Wednesday morning, up 7.54% in 24 hours and 27.55% over the past week. The cryptocurrency remains within 13% of its all-time high of $4,878 set in 2021.
Technical analysts at Fairlead Strategies noted ETH finished last week above long-term trading range resistance, positioning for a potential breakout targeting the 2021 high if it closes above $4,000 this week.
Corporate Treasury Adoption Accelerates
Corporate Ethereum adoption 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) now holds approximately $5 billion in Ethereum, making it the world’s largest ETH treasury.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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