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Ethereum’s price outlook is gaining renewed attention as EMJ Capital’s Eric Jackson forecasts a potential surge to $1.5 million per ETH, driven by staking ETF approvals and expanding crypto commerce.
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Jackson’s valuation model estimates Ethereum could reach $10,000 by the end of the current cycle, with a bullish scenario pushing prices to $15,000, independent of further DeFi or NFT innovations.
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According to COINOTAG sources, increased institutional demand, staking growth, and Ethereum’s integral role in decentralized finance are key factors enhancing scarcity and price appreciation.
Ethereum’s price could soar to $1.5 million driven by staking ETFs, institutional flows, and crypto commerce growth, with $10,000 achievable this cycle, says EMJ Capital’s Eric Jackson.
Ethereum’s Path to $1.5 Million: Staking ETFs and Institutional Demand as Catalysts
Eric Jackson, founder of EMJ Capital, recently highlighted Ethereum’s undervaluation, projecting a base price target of $10,000 by the end of the current market cycle. His analysis emphasizes the upcoming approval of Ethereum staking exchange-traded funds (ETFs) as a pivotal event that could unlock substantial institutional capital inflows. Jackson argues that while many investors believe the ETH ETF approval is already priced in, the real catalyst lies ahead: the approval of staking ETFs expected before October. This development would mark the first yield-bearing crypto ETF in U.S. history, transforming ETH from a speculative asset into an institutional-grade yield product.
The implications of staking ETFs are profound. By enabling institutions to earn staking rewards through regulated investment vehicles, demand for ETH is expected to surge. This increased demand, coupled with staking locking up over 35 million ETH tokens, will reduce circulating supply, intensify scarcity, and drive prices higher. Jackson further notes that Ethereum’s deflationary tokenomics, enhanced by Layer 2 scaling solutions and real-world asset tokenization, will contribute to rising transaction fees, reinforcing ETH’s value proposition.
Market Dynamics and Ethereum’s Role in Decentralized Finance
Jackson’s bullish outlook extends beyond staking ETFs. He envisions Ethereum as the backbone of a burgeoning decentralized financial ecosystem, where crypto commerce gradually displaces traditional fiat-based transactions. He states that if platforms like CRCL, COIN (Base), SHOP, and HOOD continue to integrate crypto payments, Ethereum’s utility and demand will expand exponentially. This transition to a crypto-centric commerce model underpins his long-term price target of $1.5 million per ETH.
Supporting this perspective, crypto analyst Merlijn The Trader points to Ethereum’s current price fractal mirroring its 2016 trajectory but with enhanced tailwinds from ETFs, institutional adoption, and global acceptance. Merlijn highlights that Ethereum staking recently hit all-time highs, with over $100 billion worth of ETH locked, signaling strong accumulation by informed investors. This quiet but significant staking growth contrasts with the speculative frenzy surrounding meme coins, suggesting a maturing market focused on fundamental value.
Ethereum’s Current Market Performance and Investor Sentiment
Ethereum continues to demonstrate resilience with a 17.7% weekly gain and a 2.73% increase over the past 24 hours, trading around $3,034 at the time of writing. This price momentum reflects growing investor confidence amid positive developments in staking infrastructure and institutional interest. The attached chart illustrates Ethereum’s recent price performance, underscoring the strengthening bullish trend.
Conclusion
Ethereum’s potential to reach unprecedented price levels is anchored in tangible market drivers such as staking ETF approvals, institutional demand, and its expanding role in decentralized finance and crypto commerce. While short-term volatility remains inherent to crypto markets, the structural shifts highlighted by Eric Jackson and corroborated by market analysts suggest a robust foundation for long-term growth. Investors should monitor staking developments and institutional adoption closely, as these factors are likely to shape Ethereum’s trajectory in the coming years.
