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Ethereum price soared beyond $3,750 on Sunday, the highest it has been since December 18, 2021, indicating a new surge in investor confidence. High-profile analysts have predicted that Ethereum (ETH) will hit a new all-time high of $4,000 in the short term and potentially much higher values by the end of this year, driven by institutional interest and whale buying.
Tom Lee, Head of Research at Fundstrat, highlighted Ethereum's potential as the leading blockchain on Wall Street. He suggested that Ethereum could climb to $15,000 in the medium to long term based on increased tokenization and growth in stablecoins. Lee cited valuation analysis from Fundstrat's Sean Farrell, who uses EBITDA multiples similar to those used by private companies. He pointed out that Ethereum, acting like a software platform, inherently generates more substantial value compared to single-product businesses.
In addition, Lee referred to technical insights from Mark Newton, Fundstrat’s Head of Technical Strategy, who anticipates Ethereum reaching a short-term price target of $4,000 by the end of July. Newton based this prediction on real-time market data, current trends, and Ethereum's progress over the past few weeks. Lee referred to the $4,000 as only an initial goal, suggesting that significantly higher valuations are still achievable by year's end.
Crypto analyst Ali Martinez recently posted on X that Ethereum whales have collectively purchased over 500,000 ETH within two weeks. This substantial accumulation indicates confidence among large-scale investors. Historically, significant whale activity has often preceded substantial price moves, signaling possible future bullish developments.
Within the 23 hours from July 18 to July 19, ETH was trading between $3,480 and $3,670. An impressive bounce took place on a higher volume, as ETH surged upward from $3,670 to $3,780. According to the analysts, $3,670 is indicated as support and $3,800 as resistance, which suggests that the trading range is narrow as the price consolidates.
Ethereum’s increasing adoption among institutional players strengthens its bullish case. Tom Lee recently emphasized Ethereum as Wall Street’s preferred blockchain choice during an interview with CNBC. He mentioned JPMorgan’s stablecoin and Robinhood’s tokenization efforts, both utilizing Ethereum’s network, as evidence of growing institutional alignment.
Furthermore, Ethereum holds over 60% of tokenized real-world assets (RWA). Lee predicted further growth, particularly if stablecoins surpass the $2 trillion market size that Treasury Secretary Bessent forecasted. The more Ethereum is adopted by institutions and used as a token, the more its network will be embraced, which will boost its valuation in the long term.
