According to a report from CoinWorld, Amberdata's derivatives director Greg Magadini stated that Bitcoin is now like a hybrid of digital gold and risk assets. In the context of a rising stock market and the Federal Reserve facing pressure to cut interest rates, this asset is being propelled by two competing sentiments. Although some call Ethereum outdated technology, Ethereum has a developer ecosystem, much like the iPhone platform, allowing developers to build applications directly on its infrastructure. These network effects will only continue to accumulate, so Ethereum's price is expected to continue following Bitcoin's rise, potentially reaching the range of $8000 to $10000.