Ethereum News: Ether Soars 47% in a Month as Hedge Funds Say $10K May Be “Stretch, But Not Impossible”
Key Takeaways:Ether is up 47% over the past 30 days, hitting $3,600 — its highest level since January.ZX Squared Capital says a rapid pullback is unlikely unless ETF inflows stall and Fed policy shifts.Analysts say a move to $10K is “ambitious but not impossible,” hinging on ETF momentum, staking, and broader Ethereum adoption.Ethereum’s native token ETH surged to $3,600 on Thursday, gaining over 47% in a month, as institutional flows and favorable macro conditions continue to drive market momentum.Despite the sharp rally, a rapid correction is unlikely, according to Felix Xu, partner at crypto hedge fund ZX Squared Capital. “All the hard data that arrived this week argues against a rapid reversal,” Xu told Cointelegraph.Xu pointed to two key drivers behind Ether’s strength:Record inflows into U.S. spot Ether ETFs, which saw $727 million in a single day this week.Ongoing uncertainty around Federal Reserve policy, particularly under pressure from U.S. President Donald Trump, who continues to call for aggressive interest rate cuts.“Unless both ETF inflows abruptly stall and the Fed turns sharply hawkish at the same time, the probability of a full retrace like the 30% wash-out of October 2024 looks low,” Xu added.Macro Support and ETF Demand Continue to Propel ETHEther is now trading near $3,609, up over 43% in the past 30 days, per Nansen data. Market participants attribute the surge not just to ETF demand, but also broader macro tailwinds and Ethereum’s growing role in decentralized finance infrastructure.Xu emphasized that spot ETH ETFs lock coins into cold storage, reducing selling pressure and tightening available supply. Combined with dovish policy expectations and strong investor sentiment, this creates a “low probability” for any immediate trend reversal.Is $10K ETH a Realistic Target?While some traders are eyeing ETH as high as $10,000 this year, Xu remains cautious.“A $10K target implies a 190% move in a little over five months — something ETH has achieved only during the 2017 ICO frenzy and the 2020–21 DeFi boom,” he said.Still, a surprise sprint to $10K can't be ruled out if several bullish engines fire in unison:Continued record ETF inflowsAddition of staking rewards to Ether ETFsReal-world adoption of Ethereum apps and Layer 2sBroader investor shift to risk-on assetsTrevor Koverko, co-founder of Sapien, echoed similar optimism:“It’s an ambitious move, but not impossible... ETH feels a lot less like a speculative bet now versus a programmable digital asset.”Analyst Forecasts DivergeWhile some traders such as Mikybull Crypto see Ether reaching $7,000–$10,000 based on RSI momentum, others view that target as dependent on multiple converging catalysts, not just price action.The consensus remains: As long as macro conditions and institutional flows remain supportive, Ether’s rally has room to run. But without sustained inflows or adoption triggers, a pause or short-term consolidation could follow, according to Cointelegraph.