In addition to the Spot Ether ETF, these factors will help ETH reach $10,000 in the next 12 months!
1. Technical analysis favors ETH price increase. The price of the ETH/BTC pair is at a strong support zone and the accumulation process has been going on for the long term. ETH rebounding compared to BTC can cause the price of ETH in Dollar terms to increase much stronger.
2. ETH supply is continuously decreasing. After The Merge upgrade, ETH continuously deflated because the PoS mechanism cut the amount of new coins produced by up to 90% compared to PoW. Burning transaction fees also contributes to eliminating ETH from circulating in the market.
3. Ethereum ecosystem explodes. DeFi and Restaking are showing attraction to the community, thereby leading to strong cash flow, causing the need to store and invest ETH to increase significantly.
4. FOMO of new investors. The Bitcoin fever will bring a huge number of new investors into the crypto market. After buying Bitcoin, they will look to altcoins to diversify their investment portfolio and ETH is the name that will be bought the most by these new investors.
