Key Points
- Market analysts are predicting a $10K price target for Ethereum (ETH) due to increasing demand and strong ETF flows.
- Options traders on Deribit predict an 18% chance of ETH hitting $10K by September 2025.
Analysts have reiterated their prediction of a $10K price target for Ethereum (ETH).
The latest predictions are based on the recent bullish pattern of XRP, which mirrors ETH’s 3-year price action.
ETH and XRP’s Similar Bullish Pattern
Crypto analyst Wolf has noted that both ETH and XRP have been consolidating within a 3-year compression triangle.
Following XRP’s 3x breakout, ETH could potentially reach a $12K target.
Record ETH ETF Flows
One of the strongest supporting factors for this prediction is the record inflow of U.S. spot ETH ETFs.
On November 29th, ETH ETFs surpassed BTC ETFs for the first time, netting $332.9M in inflows compared to BTC’s $320M.
SpotOnChain reported that ETH ETFs saw higher positive inflows than BTC ETFs over the past week, which further supports the prediction of ETH’s outperformance.
The strong demand for ETH is a positive sign, but it remains to be seen whether it will be enough to push the altcoin to all-time highs.
In early November, Polymarket predicted an 8% chance of ETH hitting a new all-time high by 2024.
However, following the US Presidential elections, the odds increased to 25% by the end of November.
Options traders on Deribit are also betting on ETH, pricing an 18% chance of the altcoin hitting $10K by September 2025.
For December, options traders are wagering $289 million on ETH reaching $4K, with a max pain at $2.8K.
After a 46% rally in November, ETH is on the brink of breaking the 2024 downtrend line.
This potential shift in market structure could set ETH on a path to reach $4K and $4.5K in the short term.
