According to Dr. Sean Dawson, head of research at options DeFi protocol Derive, Ether's price could potentially reach $12,000 this year, marking a 257% increase from its current value. This surge is attributed to factors such as Donald Trump's presidency and Ethereum's upcoming Pectra upgrade. Dawson emphasized the importance of Ethereum's success with the upgrade and a favorable regulatory environment under the Trump administration for sustained growth. The market currently shows Ether trading at around $3,363. Additionally, the article discusses Ethereum's Pectra upgrade, expected in 2025, and the need for broader adoption and utility in various sectors. While bullish sentiment prevails in the options market, caution is advised as Ether's price could decline below $2,000 in a bearish scenario. The article also highlights the increasing number of long-term Ether holders compared to Bitcoin holders, indicating growing confidence in ETH. Read more AI-generated news on: https://app.chaingpt.org/news

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