#binance #hype #zec #near
14/08/25 12:36 UTC-04

Ethereum Trading Just 3% Below All-Time High

Ethereum is approaching a new all-time high. The leading altcoin is currently trading around $4,730 — just 3% below its record high of $4,891 set on November 16, 2021.

Over the past year, the second-largest cryptocurrency by market capitalization has gained more than 80%, fueled by investor confidence and an increasing number of blockchain use cases.

This is likely why BitMine Chairman Tom Lee recently raised his Ethereum price target from $10,000 to $16,000, while Etherealize CEO Vivek Raman went even further. He believes ETH could become a key part of the global financial and non-financial infrastructure — a “digital oil” powering global transactions. According to him, the asset’s market capitalization could reach $10 trillion, which would imply a price of $80,000.

Raman argues that the market often underestimates Ethereum’s potential due to past setbacks, including the collapse of the FTX exchange (though the connection here is debatable). However, he maintains that the altcoin’s role in emerging digital economies will only continue to grow.

Interestingly, some Bitcoin mining companies are already shifting their operations toward Ethereum — a sign of their confidence that in the future, the altcoin will rival or even surpass Bitcoin in dominance.

See also: "Bitcoin hits record high above $124K on hopes of rate cuts"

#Ethereum (ETH) #record

Editor: Godfrid Brower
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