Поделиться этой статьей
Ether's Rise to Record Highs May Propel Cryptocurrency to $10.5K: Fundstrat Global
Fundstrat strategist David Grider based his bullish prediction in part on the promise of Ethereum's technology.
Автор Omkar Godbole
Even after setting a new record high of $1,439 on Monday, the rally for Ethereum's ether cryptocurrency may have only just begun, according to Fundstrat Global Advisors strategist David Grider.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Basing his prediction partly on use cases for Ethereum's blockchain technology, Grider wrote in a note Tuesday that ether has scope for a rally to $10,500, according to Bloomberg. That's an over seven-fold rise from the current price of $1,320.
"Ether is the best risk/reward investment play in crypto,” Grider said, adding that “blockchain computing may be the future of the cloud."
Grider sees bullish pressure stemming from the second-largest cryptocurrency's growing role as the underlying infrastructure for the decentralized finance (or DeFi) space, which witnessed explosive growth in 2020. Ethereum is also eyeing transaction processing ability to rival card payment giants with a major network upgrade, per the report.
Advertisement
Also read: Ethereum’s Ether Cryptocurrency Sets New All-Time Price High Near $1,440
Ethereum launched its Beacon chain in December, kicking off a three-part series of transitions aimed at building a blockchain capable of handling an entire financial system.
However, any delay in the impending upgrades could hurt ether's price, Grider said. Risks to the rally prediction include setbacks for the network upgrade or a crypto bear market.
More For You
Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
More For You
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
