Everyone said Ethereum price was stuck at $10,000 during this bull run, but now top analysts at a major mining company say it’s not until 2030.
Ethereum is now seen as a turnaround story, a setup that some analysts believe could work in its favor.
Ethereum is currently going through a different phase: a slow recovery after a prolonged period of low sentiment. Matt Hougan, chief investment officer at Bitwise, says this rebuilding period could offer investors a useful entry point.
To understand this perspective, it helps to look at what has been holding the network back and what could improve.
Is Ethereum still too expensive or are critics missing the bigger picture?
A cryptocurrency analyst suggests that Ethereum could be in for a big revaluation over the next year.
He expects the asset to “catch up with M2 money supply” by the fourth quarter, which he says supports a fair value of between $8,000 and $10,000 by early 2026.
$ETH will catch up with the supply of M2 in the fourth quarter.
Ethereum’s fair value is between $8,000 and $10,000 by Q1 2026.
With institutional auctions and staking approval, I believe ETH will recover strongly. pic.twitter.com/GWhdqetubr
– Ted (@TedPillows) October 13, 2025
It also highlights the growing interest from large investors. According to him, constant purchases and the possibility of new staking approvals could help drive prices higher.
The message is simple: if demand increases and policy remains favorable, ETH may have room to perform.
Earlier this year, even longtime supporters worried that the ecosystem had lost energy due to a series of setbacks.
On-chain activity has slowed, and critics have argued that the push to scale through Layer 2 networks has backfired.
Once upon a time there was a cow named "$ETH" who was being milked dry by his “guardians”. When passers-by said "hey, it’s not good for $ETH"the “guards” got really angry with the passers-by, completely ignoring the irony of the fact that they were the ones killing the cow for personal gain. pic.twitter.com/WBMtspGqqh
– Quinn Thompson (@qthomp) March 30, 2025
They said the approach weakened the token economy and diverted value from the main chain. Some have even claimed that Ethereum is now too expensive and no longer attracts investors.
Hougan, however, notes that Ethereum still possesses a key advantage that many overlook: its central position within the stablecoin ecosystem.
“All payments will be made on stablecoins,” he said. Currently, most stablecoins run on Ethereum.
USDT and USDC, which together account for more than two-thirds of the global stablecoin supply, are issued primarily on Ethereum.
Data from ChallengeLlama indicates that more than 53% of the industry’s $307 billion market runs on Ethereum. Solana, by comparison, holds just over 4%.
(Source: DéfiLlama)
As banks and payment companies adopt stablecoins for settlements, payments and treasury work, Ethereum could remain the primary network supporting this activity.
Large institutions are already setting up there. JPMorgan, for example, has started accepting cryptocurrencies as collateral.
JPMorgan will allow its institutional clients to use bitcoin and ether as collateral for loans as crypto continues to be absorbed into Wall Street’s plumbing. Nice scoop from @emilyjnicolle and yet another example of Life Moves Pretty Fast pic.twitter.com/ej68sOHm9J
– Eric Balchunas (@EricBalchunas) October 24, 2025
Ripple plans investing $1 billion in expanding the use of stablecoin in corporate treasuries. At the same time, BlackRock’s symbolic treasury funds reached approximately $2.5 billion.
Both moves direct more activity to Ethereum, which generates fees when stablecoins are transferred across the network.
Tom Lee, a well-known strategist who helps run one of the largest Ethereum-focused treasury companies, called stablecoins the “ChatGPT of crypto” in a June 30 statement. interview on CNBC, citing their rapid adoption.
Ethereum Price Prediction: Will ETH Recover Market Share if 12-13% Zone Holds?
According to Mister Crypto, Ethereum’s market share could be close to a rebound.
The chart shows that ETH dominance is sliding towards an upward trendline that has held since April 2025.
Every time the price touched this line in the past, marked by green arrows, the market saw another move higher.
(Source:)
The final candle sits just above this trendline, suggesting buyers are still protecting the 12-13% area.
This support has served as a floor in the past, and traders are monitoring the situation to see if it does the same thing again.
Price action still indicates an uptrend, even though things have calmed down.
Ethereum’s dominance returned from over 16% in late summer, but continues to form higher lows, suggesting the overall structure is holding strong.
The Stochastic Oscillator has fallen into oversold territory for the first time since early 2025. This pattern resembles times before strong rebounds.
If this support level holds, Ethereum could start to gain market share again as traders turn to major altcoins. But if the trendline breaks, it would signal a decline in strength and could push any recovery further back.
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Ethereum price at $10,000? Analysts Say This Cycle Didn’t Appear first on 99Bitcoins.
