Summary
- Mateusz Kara, CEO of Ari10, stated that it is no longer unrealistic for Ethereum (ETH) to reach $7,000.
- ETH, which has risen by nearly 50% in the past 60 days, is still considered to have further upside potential.
- The inflow of funds into ETFs, ETH accumulation by companies, and the passage of the U.S. GENIUS Act were cited as key catalysts.
On the 18th (local time), DL News, a cryptocurrency-focused media outlet, reported that Mateusz Kara, CEO of Ari10, a digital asset payment company, stated, "It is no longer an unrealistic goal for Ethereum (ETH) to reach $7,000."
He assessed, "ETH has risen by nearly 50% over the past 60 days, and there is still further upside potential."
The outlet cited inflows into exchange-traded funds (ETFs), corporate accumulation of ETH, and the passage of the GENIUS Act in the United States as primary catalysts for this outlook.
In particular, the recently passed U.S. stablecoin regulation law, the GENIUS Act, is raising expectations for institutional adoption across the market and has a positive impact on major digital assets including ETH.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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