Is 10,000 ETH a realistic target?
While some traders are looking for the price of ETH to reach $10,000 this year, Xu remains cautious.
He said, "A target of $10,000 means a 190% move in just over five months - something ETH only achieved during the ICO madness in 2017 and the DeFi boom in 2020-21."
However, a sudden rush to $10,000 cannot be ruled out if several bullish drivers come together:
Continued record inflows to ETFs
Adding staking rewards to Ether ETFs
Actual adoption of Ethereum applications and Layer 2s
A broader shift of investors to riskier assets$ETH
