Everyone said Ethereum price was locked in on $10,000 this bull run, but now top analysts from a leading mining firm say not until 2030.
Ethereum is now seen as a turnaround story, a setup some analysts think could work to its benefit.
Ethereum is currently undergoing a different phase: a slow recovery following a prolonged period of weak sentiment. Matt Hougan, chief investment officer at Bitwise, says this rebuilding period might give investors a useful entry point.
To understand this view, it helps to examine what has dragged the network down and what may be improving.
Is Ethereum Still Overpriced or Are Critics Missing the Bigger Picture?
A crypto analyst suggests that Ethereum may be due for a sharp re-rating over the next year.
He expects the asset to “catch up with the M2 money supply” by the fourth quarter, which he believes supports a fair value between $8,000 and $10,000 by early 2026.
$ETH will catch up with the M2 supply in Q4.
The fair value of Ethereum is $8,000-$10,000 by Q1 2026.
With institutional bidding and staking approval, I think ETH will rally hard. pic.twitter.com/GWhdqetubr
— Ted (@TedPillows) October 13, 2025
He also points to growing interest from large investors. In his view, consistent buying and the chance of new staking approvals could help push prices higher.
The message is simple: if demand builds and policy remains supportive, ETH may have room to run.
Earlier this year, even long-time supporters worried the ecosystem had lost energy as a series of setbacks piled up.
On-chain activity slowed, and critics argued that the push to scale through layer-2 networks had backfired.
There once was a cow named "$ETH" who was being milked dry by its 'caretakers'. When bystanders said "hey that's not good for $ETH", the 'caretakers' got really upset at the bystanders, completely ignoring the irony that they were the ones killing the cow for personal enrichment. pic.twitter.com/WBMtspGqqh
— Quinn Thompson (@qthomp) March 30, 2025
They said the approach weakened token economics and shifted value away from the main chain. Some even claimed Ethereum was now overpriced and no longer appealing to investors.
Hougan, however, notes that Ethereum still holds a core advantage that many overlook: its central position within the stablecoin ecosystem.
“All payments will be on stablecoins,” he said. Currently, most stablecoins operate on Ethereum.
USDT and USDC, which together account for more than two-thirds of the global stablecoin supply, are issued mainly on Ethereum.
Data from DefiLlama indicates that over 53% of the sector’s $307Bn market operates on Ethereum. Solana, by comparison, holds just over 4%.
As banks and payment firms adopt stablecoins for settlements, payments, and treasury work, Ethereum could remain the main network supporting that activity.
Large institutions are already moving in. JPMorgan, for example, has started accepting crypto as collateral.
JPMorgan to allow its institutional clients to use bitcoin and ether as collateral for loans as crypto continues to get absorbed into Wall Street's plumbing. Nice scoop from @emilyjnicolle and yet another example of Life Moves Pretty Fast pic.twitter.com/ej68sOHm9J
— Eric Balchunas (@EricBalchunas) October 24, 2025
Ripple plans to put $1Bn into expanding stablecoin use in corporate treasuries. At the same time, BlackRock’s tokenized treasury fund has reached about $2.5Bn.
Both moves direct more activity toward Ethereum, which earns fees when stablecoins are transferred across the network.
Tom Lee, a well-known strategist who helps run one of the biggest Ethereum-focused treasury firms, called stablecoins the “ChatGPT of crypto” in a June 30 interview on CNBC, citing their fast adoption.
Ethereum Price Prediction: Will ETH Reclaim Market Share If The 12–13% Zone Holds?
According to Mister Crypto, Ethereum’s share of the market may be close to a bounce.
The chart shows ETH dominance sliding toward an upward trendline that has held since April 2025.
Each time the price touched this line in the past, marked by green arrows, the market saw a fresh move higher.
The latest candle is sitting just above that trendline, suggesting buyers are still protecting the 12–13% area.
That support has acted as a floor before, and traders are watching to see if it does the same again.
Price action still points to an uptrend, even though things have cooled.
Ethereum dominance pulled back from above 16% in late summer but continues to form higher lows, which suggests the overall structure is holding.
The stochastic oscillator has slipped into oversold territory for the first time since early 2025. That setup looks similar to moments that came before strong rebounds.
If this support level holds, Ethereum may start to gain market share again as traders shift toward major altcoins. But if the trendline breaks, it would signal fading strength and could push any recovery further out.
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The post Ethereum Price To $10,000? Analysts Say Not This Cycle appeared first on 99Bitcoins.
