In its latest research report published under the umbrella of LD Capital, Trend Research announced that Ethereum (ETH) is expected to exceed $5,000 in the long term.
The report predicts that if Bitcoin moves towards an optimistic scenario, Ethereum prices could reach $10,000 if Bitcoin goes above this cycle.
The report, which stated that Eth’s financial foundation is still strong, says that Ethereum maintains its position as Crypto Finance’s most important infrastructure in the world. Data shows that the total amount of ETH Defi Ecosystem’s locked assets (TVL) is around $60 billion, accounting for more than 53% of the global Defi market. On the Stablecoin side, Ethereum’s Stablecoins total market value is $124 billion, accounting for more than 50% of the global market.
The total asset value (AUM) under the control of Ethereum ETF has reached $7.2 billion, while BlackRock’s tokenized money market fund Buidl has 92% of its assets invested in the Ethereum ecosystem, worth approximately $2.7 billion.
The report says the forecast that ETH prices could reach $5,000 for this cycle is based on the following factors:
- Ending the US Quantitative Tightening (QT) process and beginning interest rate reductions.
- Hope for advances in ETH chains tokenization and staking laws as there is a possibility of changes in SEC chairs.
- Stability of Ethereum Foundation’s infrastructure development and roadmap management.
- Maintain stable growth in the on-chain financial ecosystem.
*This is not investment advice.
