Analysts known for making timely crypto calls believe Ethereum (ETH) is poised to actively surprise investors.
Pseudonymous analyst Pentosi tells her 869,800 followers of social media platform X that she targets Ethereum's $3,200, but points out that ETH can print the best price ever.
Pentosi says that macro photography is changing Ethereum in a meaningful way.
“We can now see the story changing around ETH, and in my opinion, that's obvious in hindsight, but most are too tired of it.
Less than a month later, public companies will buy enough ETH to offset all ETH created since the merge.
This is 1/9 of BTC's market capitalization and requires much less capital to move around. The capital is clearly coming.
This transaction is still very early. I don't know if it's today, tomorrow, or next month. But we look back at what was right in front of you and I find it hard to believe it was so obvious.
The amount of capital begins to flow into ETH, leading to major movements. And all we have to do is do nothing. Put tribalism aside, and the past aside.
You need to pay attention to (Tom Lee). You also need to be aware of the amount of companies and other retail users he has.
All you have to do is put your bias aside and see what's going on. Don't like it or love it. It seems inevitable. ”
During a Q&A session on the Global Money Talk YouTube Channel, Fundstrat managing partner Tom Lee says Ethereum will come to life amid increasing adoption of Stablecoin.
“Stable coins are being pushed out by the US government. It's here. Circles (USDC) run in Ethereum. Stubcoins running in Ethereum.
Data from Defilama shows that Ethereum's total market capitalization is currently at $12650.9 billion, exceeding $431 million in just seven days.
At the time of writing, ETH is worth $2,615.
Generated Image: Midjourney
