Ah, Ethereum. Sorry, what? Not so long ago, it was
arguably one of the most hated cryptos out there with investors everywhere feeling the FUD and
almost nobody feeling the FOMO. Well, over the last few weeks, it looks like this has completely
reversed with ETH’s price going parabolic. It’s crazy how fast things can change in crypto.
It’s crazy. That’s why today we’re going to bring you up to speed with all of Ethereum’s
latest updates, analyze ETH’s price action, and determine just how high it could climb in
the coming months. My name is Guy, and unlike your boss’s invite to that Coldplay concert,
this is a video you don’t want to ignore. Okay, before we begin, you need to know that I’m not a
financial adviser and nothing in this video should be considered financial or investment advice. This
video is purely for educational purposes, meant to inform you about the latest updates with Ethereum.
So, if that sounds good to you, fire up those like and subscribe buttons and slap that notification
bell, too, so you don’t miss our next one. Now, our last Ethereum update was back in March of
this year when ETH was underperforming not only against BTC, but most of the crypto market. It was
bleeding heavily against Bitcoin, and there was no significant rally for us to get excited about.
In fact, if you watch that video, you’ll recall that ETH was trading at bare market levels
and sentiment was in the toilet. Safe to say a lot has changed since then. As I record this,
Bitcoin dominance is in freef fall and altcoins are finally getting their moment. And the wild
part, Ethereum is leading the charge. So then, what changed? How did ETH go from laughingtock
to cool kid at the party? Well, while everyone looked away and while Vitalik was busy meowing
at robots, Ethereum’s devs doubled down. In early May, Ethereum rolled out its long-awaited Pectra
upgrade, a hard fork that implemented 11 Ethereum improvement proposals or EIPs. Each EIP improved
some part of the network, whether through enhanced performance or an improved user experience
or UX. Of the 11 EIPs rolled out, three in particular caught the eye. EIP 7251 improved the
UX for validators by increasing the staking limit from 32 ETH to48 ETH, allowing their operations
to be more consolidated. EIP 7691 enhanced layer 2 scalability by increasing the amount of data blobs
that can be processed in each block. And the EIP that people were most excited about was EIP7702,
which enabled smart wallets. Basically, wallets that are treated as smart contracts and can cover
transaction fees in any Ethereum based token, not just ETH. And what’s more is that Pectra is the
first of three major upgrades. Later in the year, there will be another hard fork called Fusaka,
which will be followed by Glamsterdam. And no, that’s not a music festival with lots of glitter,
despite what it sounds like. But Pectra wasn’t the only big change. The Ethereum Foundation, the
nonprofit supporting Ethereum’s development, also saw a major shift. In late April, it underwent a
change in leadership, which many hoped would spark renewed excitement for Ethereum. And this was a
big deal because the foundation was getting a lot of the blame for ETH’s underperformance, mainly
due to them repeatedly selling large chunks of ETH. Naturally, that didn’t look great, and many
believed it was suppressing ETH’s price. Since the leadership change, though, the foundation has
adopted a more transparent Treasury policy and will release quarterly and annual reports to
outline its holdings, investment performance, and any other significant developments. But
perhaps most importantly, the Ethereum Foundation turned to supplying and borrowing from DeFi
protocols like Ave to fund its operations rather than dumping large amounts of ETH at a time.
Oh, and you can learn about who’s now running the Ethereum Foundation by checking out the video
right over here. But leadership wasn’t the only thing that the foundation changed. In early June,
it rebranded its protocol research and development or PR and D team to just protocol, laying off a
load of staff in the process. The new protocol team will focus primarily on three areas. Layer
1 scalability, expanding blob space for rollups, and improving Ethereum’s UX. Oh, and one more
big change since our last update is the spot Ethereum ETF flows. Back then, Ethereum ETFs
were flip-flopping between inflows and outflows, so they didn’t really support ETH’s price.
However, this trend changed in April, and inflows have been significantly larger than outflows
ever since. So, lots of key moves for Ethereum, but how have they affected ETH’s price? Well, if
it wasn’t obvious before, ETH is now far out of the bare market territory it found itself stuck
in. In fact, since our last update, it’s rallied from about $2,000 to around $3,700 at the time of
shooting. Now, this is great news for ETH holders, but even better news for anyone who bought in
February after Eric Trump tweeted, quote, “In my opinion, it’s a great time to add ETH.” The funny
part is that ETH’s price roughly halved in the weeks after. But nevertheless, Eric later replied
to his own tweet with a mic drop when 5 months later, ETH was 30% higher than at the start. Well,
a win is a win, I suppose. The caveat is that at the time of shooting, ETH has yet to reclaim its
previous all-time high of around $4,900. In fact, ETH has been flirting with the $4,000 mark,
but hasn’t quite managed to push past it. This is in stark contrast to many competing
altcoins that have already set new all-time highs and are positioned to keep on climbing. Oh, and if
you’re looking to trade ETH or any other crypto as great that ETH’s price has soared in dollar terms,
it’s even better news that ETH is finally gaining strength over BTC. For those unaware, ETH has been
bleeding against its BTC pair since way back in September 2022. Specifically, between September
2022 and April 2025, ETH lost around 80% of its BTC value, which is crazy considering that they’re
the two largest cryptos by market cap. However, in early May, ETH finally began to regain some of
its strength against BTC and has since rallied by 75% on its BTC pair. Still a long way to go,
but this is a strong start nonetheless. What’s crazy is that ETH has even been gaining strength
over Salana’s Soul, which is arguably its biggest competitor. As it happens, Soul has been bleeding
against ETH since April, falling by around 40%, which really puts ETH’s performance into
perspective. And if you want to see how Ethereum measures up against Salana, then you can check
out our recent comparison video right over here. So, by this point then, it’s clear that ETH is
finally starting to move up and to the right, but it still has a long way to go before it breaks
above its previous all-time high. The question now is, what future milestones does Ethereum have that
could drive ETH’s price even higher? Well, Vitalik has a clear vision for Ethereum, and privacy is
a big part of it. In April, he unveiled a new privacy focused roadmap aiming to add privacy
tools to Ethereum wallets to keep transactions anonymous and boost privacy across the ecosystem.
Notably, he said, quote, “Users should not have to download a separate privacy wallet.” That same
month, Vitalik wrote a blog post titled, quote, why I support privacy. And we’ll leave a link to
the blog in the description, but the TLDDR is that Vitalik believes that privacy equals freedom.
Anyway, besides privacy, Vitalik has proposed boosting Ethereum’s execution layer scalability by
replacing the EVM programming language with risk 5. This is a radical move, but he argues that
bold steps like this might be the only way to break through Ethereum’s bottlenecks. And Vitalik
isn’t the only one working to improve Ethereum. In April, the Ethereum Foundation announced a
shift towards layer 1 scaling and better UX. So while Vitalik focuses on privacy and speed, the
foundation is enhancing scalability for the layer 1 and layer 2s and improving interoperability
through upcoming hard forks. Now to refresh your memory, Ethereum’s Pectra upgrade went live
on the 7th of May, introducing smart wallets, validator UX improvements, and layer 2 scalability
enhancements. The next hard fork will be Fusaka, which is expected to roll out in November.
Just like PCRA, Fusaka will implement 11 EIPs. Highlights include EIP7825, which boosts scaling
while making the network tougher against attacks, and EIP7892, which introduces small incremental
hard forks to gradually scale data blob sizes. The most anticipated EIP though is 7594, which brings
peer data availability sampling, aka peer DAS. Now, basically, Pier DAS lets nodes on Ethereum’s
beacon chain, the consensus layer, perform data availability sampling. And this lets validators
download just small parts of a blob’s data instead of the whole thing, helping validators and
cutting layer 2 transaction costs significantly. It’s important to note though that the list of
Fusaka’s EIPs isn’t final and could change, but Pier DAS is reportedly the only EIP that Ethereum
devs unanimously agree on. Also, Ethereum devs are known for delays, so don’t be too surprised if the
upgrade gets pushed back past November. Anyway, after Fusarka is Glammsterdam, although no date
has been set at the time of shooting. In fact, the list of EIPs to be included in Glamsterdam is
currently unconfirmed, although these details are set to be confirmed on the 1st of August. What we
do know though is that Glamsterdam will primarily focus on gas optimization and protocol efficiency
improvements. put differently, making Ethereum faster and cheaper to use, which, let’s be honest,
is much needed for Ethereum to stay competitive. network, there’s another major development that
could help with Ethereum’s adoption and attract a new wave of investors. That’s because asset
managers everywhere have been filing with the SEC to add staking to their spot Ethereum ETFs,
which could attract serious investment. That’s simply because it would enable traditional and
institutional investors to earn a yield. What’s encouraging is that ETF issuers are racing
to be the first approved for a staking ETF, hoping to attract eager investors before anyone
else. Now whether the SEC approves all some or none remains to be seen, but the SEC is predicted
to make this decision by the end of Q3 this year, and the sudden surge in spot Ethereum ETF inflows
implies that investors and asset managers expect them to be approved and soon. This would likely
be rocket fuel for ETH’s price. Consider that some analysts predict it could bring in between
20 and $30 billion annually. With all that said, however, this does beg the question of what
challenges Ethereum might face next. Perhaps the most obvious challenge is competition from
other layer 1 blockchains like Salana, Suie, Aptos, and many more. Even with upgrades, Ethereum
is still slower and more expensive to use than these rivals. In the short term, this could result
in ETH underperforming against these competing blockchains, which isn’t helped by the fact that
Ethereum has the second largest market cap behind Bitcoin. Naturally, competing cryptos with lower
market caps will have more upside potential. The caveat, though, is that Ethereum’s development is
focused on long-term improvements that will help futureproof it as a network. This means that each
upgrade is being carefully planned and executed rather than each one being rushed and containing
potential imperfections. This will make Ethereum more stable and secure, which for many will make
ETH a more attractive long-term investment. This stability is also a key reason why Ethereum is
being embraced by Wall Street, which is largely adopting it to launch tokenized realworld
assets or RWAs. In any case, this relates to the second challenge that Ethereum faces, and
that’s fragmented liquidity. While the speed and cost efficiency of layer 2s are beneficial to
Ethereum’s overall UX, many investors also believe that the proliferation of layer 2s will ultimately
result in liquidity being siloed to separate layer 2 chains, meaning there’s less overall demand
for ETH. Some critics also argue that the sheer number of layer 2s creates additional layers of
complexity which presents additional challenges to Ethereum’s UX. However, what many don’t consider
is that DeFi activity on these protocols continues to rise. So, while ETH isn’t necessarily being
used for fees, it is being used more frequently as collateral and as a trading pair. Put differently,
the demand for ETH is still very much there, just in the ways you might perhaps not expect.
This is especially true when you consider that roughly half of all stable coins are issued on
Ethereum. And around 60% of DeFi activity happens on Ethereum, too. And that’s not even counting its
layer 2 ecosystem. So, as institutions dive into DeFi and tokenized RWA, Ethereum is set to attract
the most capital inflows. But while perhaps not an obvious challenge, there’s a more immediate and
serious threat, which is that smart wallets have a potential attack vector for hackers. Basically,
hackers could exploit a new transaction type to take control of a wallet just through a message
signature without the user signing an actual transaction. So, just connecting a smart wallet
to a fishing site could drain all the funds. The worst part is that these attacks have already
happened. And while wallet providers and security advocates have warned users not to sign unfamiliar
off-chain messages or delegation requests, a fix has yet to be rolled out. For what it’s worth,
though, the Ethereum Foundation has also created the so-called trillion dollar security initiative,
which aims to identify and communicate with developers areas where security can be improved.
Ironically, this initiative was announced on the 14th of May, exactly one week after Perra was
rolled out. Anyway, this all brings us to the big question. How high could ETH’s price go? Well,
to determine this, let’s take a look at what some respected market analysts have to say. Although,
we will reiterate what we said at the beginning. Nothing in this video is financial or investment
advice. So, let’s start with Standard Charted, which late last year gave an impressive price
prediction of $10,000. However, in March this year, the firm released a report titled, quote,
Ethereum midlife crisis, accusing the base layer 2 blockchain of removing around $50 billion
from Ethereum’s market cap. As a result, Standard Charted slashed its prediction by 60% to just
$4,000, implying that not only will ETH not pump, but it won’t even reclaim its previous all-time
high. Then there’s our good friend Benjamin Cowan, who used his formidable analytic skills to predict
that a realistic target for ETH could be anywhere between $5,700 and $7,500 for this market cycle.
We’ll leave a link to Ben’s video down below, and we recommend you check it out if you have the
time. Anyway, another price prediction comes from a chap called Ge Vanlen, who predicted that ETH
could hit $8,000 using a technical analysis method called Elliot wave theory. However, investors
typically love a good round number, and as such, there’s one price target that most have in the
back of their minds at least, $10,000. Analysts everywhere are eyeing up 10K if only because this
would be a huge area of psychological resistance. Now, from our perspective, there is a decent
chance that ETH could reach this hallowed level if not exceeded. The reason for this optimism is a
combination of the things we’ve covered in today’s video. Spot Ethereum ETFs are on the rise and the
high likelihood of the SEC approving staking for these products will lead to a surge in capital
inflows. Ethereum also continues to dominate the broader crypto market with the lion share
of onchain DeFi activity happening within its ecosystem. On top of this though, there’s one more
major catalyst that could drive ETH’s price beyond the expectations of many investors, and that’s
the proliferation of companies adding ETH to their balance sheets in a similar way that Michael
Sailor’s strategy has been accumulating BTC. For instance, Sharplink Gaming, which FYI is
chaired by Ethereum co-founder Joseph Lubin, currently holds over 360,000 ETH at the time of
shooting. There’s also Bitmine, which is shifting away from just being a Bitcoin mining company to
also becoming an Ethereum treasury company. Bit mine currently holds more than 300,000 ETH. And
there’s also Bit Digital, another crypto mining company that now holds over 120,000 ETH. The
point is though, while this trend continues to gain momentum, this will naturally drive up demand
for ETH, pushing its price up and to the right in the process. Combine this with Ethereum’s growing
institutional adoption, massive spot ETF inflows, and investors finally taking ETH seriously again,
and it’s clear this rally is just getting started. We won’t put a number on it, but put it this way.
Investors have been laughing at Ethereum for a long time, but it’s ETH holders who will have
the last laugh. Okay, if you enjoyed this video, want to up your crypto trading game, then check
out this video right over here. And if you want to learn about the latest altcoin ETFs, then
check out this video right over here. Okay, thank you all so much for watching and we’ll see
you in the next one. This is Guy. Over and out.
