Ethereum (ETH) had a difficult start to the year. From January to the end of April, the room lost more than half of its value, falling to around $ 1,300. However, according to Eric Jackson, founder of Emj Capital, this net drop in fact prepared the ground for the rebound of Ethereum. He explained that the decline showed “the depletion of the seller”, because many traders were strongly on ETH break while remaining for a long time on Bitcoin. Once this pressure has released, Ethereum has started climbing again and has since taken up the strength.
The Big Catalyst: Ethers Ethereum with a stake
Jackson’s prediction is strongly linked to the possibility of funds (ETF) negotiated Ethereum’s stock market, an approved development in the United States. Blackrock, the largest asset manager in the world, prompted regulators to allow it. If they are approved, investors could earn the yield via these ETFs, something Jackson said could open the valves for the institutional money flowing in ETH. A SEC decision is expected by October.
Ethereum as the financial rails of the future
Beyond ETF, Jackson has thought about the growing role of Ethereum in the food of the digital economy. Stablecoins like the USDC are built on its network, and large companies, including Shopify, Coinbase and Robinhood, adopt solutions based on Ethereum. He maintains that Ethereum is not only “digital oil”, but that financial infrastructure, or rails, on which world payments and digital assets will take place.
Long -term price objectives
Jackson sees the rise in short and long -term eth. His short -term forecasts suggest that Ethereum could reach $ 15,000 in the next cycle. Looking further, he projects that ETH could one day reach $ 1.5 million per room if the adoption continues to grow worldwide.
At the time of writing this document, Ethereum is down by more than 4% and is traded to $ 4,400.
