Can ETH reach 700,000 USD? Shocking report from Etherealize shakes the market

A nearly 80-page report recently released by the analytical group #Etherealize has sent the crypto community into a frenzy. Titled “The Bull Case for ETH,” it asserts that the current price of ETH is severely undervalued, and in a global adoption scenario, ETH could reach up to 706,000 USD/token.

According to the report, Ethereum currently plays a central role in many areas:

Leading in stablecoins and tokenized assets (RWA)

Possessing a solid monetary structure: inflation near 0 (~0.092%/year), limited supply

Has the potential to become a deflationary asset as on-chain activity increases

Etherealize believes that $ETH should be valued as “digital oil” – fuel and reserve asset for the digital economy, rather than being constrained within old valuation frameworks like tech stocks.

Short-term target: ETH could reach 8,000 – 80,000 USD.

Long-term target: 706,000 USD/token, if recognized as a global macro asset like oil, gold, or M2 money supply.

However, the market is highly volatile due to tensions between Israel and Iran, causing ETH to drop more than 9.5% in 24 hours, hovering around 2,500 USD.

Nevertheless, strong capital flows from ETFs, the successful upgrade of Pectra, and the restructuring of the Ethereum Foundation are creating a positive long-term foundation for ETH.

Crypto is a highly volatile market and carries significant risks. Always invest with research and manage risks wisely. #anhbacong