In my view, and the view of our model at @EMJCapital ETH is going to $10,000.
And almost no one understands why.
Here’s what our model sees coming — and why the next leg up could catch everyone off guard 👇
Most people think the ETH ETF approval is already priced in and it’s been a big bust vs. BTC (in terms of assets for $ETHA vs. $IBIT).
It’s not.
Because the real catalyst is still ahead: staking approval, expected before October.
Once that hits, ETH becomes the first yield-bearing crypto ETF in U.S. history.
A yield-bearing crypto ETF means:
✅ Passive flows from tradfi
✅ Real yield for institutions
✅ Increased demand to stake
✅ Decreased circulating supply
And all of this compounds Ethereum’s already deflationary tokenomics.
Here’s the setup our model tracks:
• Staking yield = ~3.5% real
• ETH issuance now negative post-merge
• L2 + RWAs driving fee growth
• Demand shock from ETF + staking
→ Leads to a structural supply crunch
Our analysis suggests the ETH network is underpriced.
It generates real revenue.
And once ETH becomes a productive, staked asset within an ETF wrapper…
It’s no longer just “digital oil.”
It’s an institutional-grade yield product.
Our base case?
📈 ETH hits $10K by end of this cycle.
Our bull case?
📈📈 $15K+ if L2 adoption and ETF inflows beat expectations on the new staking approval expected before October.
And none of this assumes a massive new breakout in DeFi or NFTs or explosion in stablecoins like $CRCL on ETH or explosion in $HOOD ‘s L2 and $COIN ‘s BASE for keeping money in the crypto world vs. migrating back and forth to fiat
Everyone’s watching Bitcoin - and justifiably so as it cracks $120K.
But Ethereum is quietly becoming the dominant rail system to transact in crypto with deflationary economics.
Stay early. Stay positioned.
We’ll be updating the model in real time.
Until then, we’re long $ETHA and LEAPs for an explosive upward move. Definitely a 10-bagger plus move is in the cards over the coming years.
Follow for the signals before they hit the mainstream 🧠
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