Analysis Firm Shares Major Bullish Prediction for Ethereum: “In a Scenario Where Bitcoin Reaches $300,000, ETH...”

Trend Research announced in its latest research report published under the umbrella of LD Capital that Ethereum (ETH) is expected to exceed $5,000 in the long term. The report predicts that if the crypto market moves towards an optimistic scenario, Ethereum’s price could rise to as high as $10,000 if Bitcoin surpasses $300,000 this cycle. The report, which stated that ETH’s financial foundations are still strong, stated that Ethereum maintains its position as the most important infrastructure in the crypto finance world. According to the data, the total amount of locked assets (TVL) in the ETH DeFi ecosystem is around $ 60 billion, which accounts for more than 53% of the global DeFi market. On the stablecoin side, the total market value of stablecoins on Ethereum is $ 124 billion, representing more than 50% of the global market. The total asset value under management (AUM) of Ethereum ETFs has reached $7.2 billion, while BlackRock’s tokenized money market fund BUIDL has 92% of its assets invested in the Ethereum ecosystem, equivalent to approximately $2.7 billion. According to the report, the prediction that the ETH price could reach $5,000 this cycle is based on the following factors: The end of the quantitative tightening (QT) process in the US and the start of interest rate cuts; With the possible change in the SEC chairmanship, the expectation of progress in tokenization and staking laws on the ETH chain; Stability in the Ethereum Foundation’s infrastructure development and roadmap management; Maintaining stable growth of the on-chain financial ecosystem. *This is not investment advice. Source: https://en.bitcoinsistemi.com/analysis-firm-shares-major-bullish-prediction-for-ethereum-in-a-scenario-where-bitcoin-reaches-300000-eth/