The price of the second-largest cryptocurrency by market capitalization has reached $4700. Against this backdrop, analysts at XWIN Research have suggested the asset could rise to $10,000.
At the time of writing, the coin is trading at $4655. The altcoin’s price is approaching its all-time high, with just 5.8% to go, according to CoinGecko.
Experts have noted that over the past three years, the M2 money supply has resumed growth. Bitcoin was the first to react to the “wave of liquidity,” showing a high correlation of 0.9.
Since 2022, the price of the leading cryptocurrency has surged by 130%. During the same period, Ethereum has only increased by 15%.
However, on-chain data suggests a potential narrowing of the gap. The reserves of the leading altcoin on exchanges have fallen to 16.1 million ETH, more than 25% since 2022. This indicates a structural decrease in selling pressure.
The net inflow of the asset to trading platforms remains negative. The Coinbase Premium Index has turned positive again, indicating renewed interest from U.S. institutions.
Analysts noted that Ethereum historically lags behind Bitcoin in the early stages of monetary policy easing cycles. When the dominance of digital gold falls below 60%, capital flows into altcoins. Researchers believe this trend is repeating.
If global liquidity continues to grow and the outflow of ether from exchanges persists, the asset could enter a new revaluation phase. In such a scenario, a price of $10,000 seems achievable, concluded XWIN Research.
SharpLink’s unrealized profit from investments in the second-largest cryptocurrency by market capitalization has exceeded $900 million.
The company holds approximately 839,000 ETH with no debt obligations. The firm described this as “the strength of a productive and profitable asset like Ethereum.”
Altcoin-focused companies have collectively purchased 5.6 million ETH worth $26.4 billion.
In September, CryptoQuant expert known as CryptoMe suggested a new rally for the second-largest cryptocurrency by market capitalization.
