Experts Reveal What Could Drive Ethereum’s Price Recovery
The post Experts Reveal What Could Drive Ethereum’s Price Recovery appeared on BitcoinEthereumNews.com.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has faced significant price challenges this year, drawing sharp criticism from the community. It has been battered by escalating geopolitical tensions and broader market uncertainty. Yet, market watchers believe that a recovery could be on the horizon. They point to several catalysts that may drive the price momentum starting now. Will Ethereum’s Price Recover? Experts Weigh In Analyst Ted Pillows recently highlighted a series of major events scheduled for May 2025 that could drive Ethereum’s price upward, including a surge in tokenization. In a post on X (formerly Twitter), Pillows drew attention to the Pectra upgrade, expected on May 7. This upgrade introduces several major enhancements to staking, deposit processing, blob capacity, account abstraction, and more. Moreover, he pointed to the likely introduction of ETH-staking exchange-traded funds (ETFs). Since the introduction of spot ETH ETFs last year, their performance has been underwhelming compared to spot Bitcoin (BTC) ETFs. In fact, many believe that the lack of staking yields in Ethereum ETFs is hindering their growth. Nonetheless, this may change soon. In February 2025, Cboe filed a request with the SEC to allow the 21Shares Core Ethereum ETF to stake ETH held by the Trust. The next month, a similar request for the Fidelity Ethereum Fund followed. In addition, NYSE also filed on behalf of the Bitwise Ethereum ETF in late March. “Each event could potentially push ETH up by $1,000,” Pillows wrote. Pillows also noted that Ethereum is currently “the most hated token,” drawing parallels to Solana (SOL) after it crashed to $8. However, his observation isn’t without merit, as community sentiment does reflect substantial pessimism towards the altcoin. “If you had invested $10,000 in Ethereum 7 years ago.You would still have $10,000 today. Trump you destroyed us man!” a user remarked.…
Filed under: News - @ April 10, 2025 6:18 am