#ETFEthereum

🚀 $ETH to $10K? Staking ETF Approval Could Be the Catalyst! 💰

Analyst Eric Jackson from EMJ Capital predicts Ethereum (ETH) could soar to $10,000 by the end of this cycle, driven by the anticipated approval of staking in spot Ethereum ETFs. Here’s why:

🔹 Staking as a Game-Changer: Jackson argues staking approval will attract massive passive capital from traditional finance, offering a ~3.5% yield and reducing ETH’s circulating supply. This could amplify Ethereum’s deflationary tokenomics post-Merge, creating a “structural supply crunch.”

🔹 Institutional Appeal: With staking, ETH could transform into an “institutional-grade yield product,” moving beyond “digital oil” status.

🔹 Bullish Outlook: Jackson’s base case sees ETH hitting $10K, with a bull case of $15K+ if Layer 2 adoption and ETF inflows exceed expectations by October.

🔹 Long-Term Vision: He envisions ETH as the backbone of crypto-commerce, potentially reaching $1.5M per token!

⚠️ Skeptics Push Back: Critics highlight existing staking ETFs (like REX-Osprey Solana) and Ethereum’s “legacy tech debt.” Still, $ETH is showing strength, trading at ~$3,045 with a 19.5% weekly gain and 86.7% growth over three months.