Ethereum’s Pectra upgrade, a pro-crypto US president, broader adoption and increased ETF uptake could push Ether to hit $12,000 this year, says a crypto researcher.
Ether’s price could hit a peak of $12,000 this year, a gain of 257% from its current price fuelled by Donald Trump’s first year of his presidency and a key network upgrade, says options DeFi protocol Derive head of research Dr. Sean Dawson.
Dawson told Cointelegraph that the “bullish case” for Ether (ETH) would see it hit $12,000 by the end of the year if Ethereum is successful with its Pectra update, adding “a regulatory-friendly environment under the Trump administration would further support growth.”
At the time of publication, CoinMarketCap shows Ether is trading at $3,361.
