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Ethereum's Hindi: ETH at Tipping Point, Institutions to Drive Price Reversal

Coin WorldThursday, Feb 13, 2025 10:16 pm ET

1min read

Ether, the native cryptocurrency of the Ethereum blockchain, has reached a critical juncture, according to Ed Hindi, co-founder of Swiss investment firm Tyr Capital. In a recent market report, Hindi stated that Ethereum has hit peak bearishness and is now at a tipping point, suggesting a potential price reversal in the near term.

Hindi believes that the current market conditions for Ether resemble those of Bitcoin before the launch of spot exchange-traded funds (ETFs) in the US in January 2024. He expects institutions holding Bitcoin to start allocating a portion of their portfolios to ETH, which could drive up demand and prices.

At the time of publication, ETH was trading at $2,673, down 0.64% over the past seven days. Despite the recent dip, Hindi is optimistic about the cryptocurrency's prospects. He predicts that ETH could retest the $4,000 level in the coming months and reach new all-time highs of $5,000 in 2025, representing gains of 49% and 86% from its current price, respectively.

Hindi's bullish outlook is shared by several crypto commentators. Crypto trader Crypto Mister stated in a recent X post that "It's only a matter of time before the ETH reversal," while another trader, Poseidon, predicted that Ether's price will be above $10,000 by March.

However, not everyone is convinced of an impending price surge. Laura Shin, host of the Unchained podcast, noted that the market's sentiment towards ETH remains weak. She pointed out that a comment made by Ethereum founder Vitalik Buterin about "making communism great again" received more attention than the news that 21Shares is seeking to add staking to its spot Ether ETF.

Crypto analyst Johnny, with 808,000 X followers, echoed Shin's sentiment, stating that it is "honestly comical at this point that ETH has completely retraced its ETF staking pump." Despite the mixed sentiment, Hindi remains confident in Ethereum's long-term prospects and expects institutions to start allocating a portion of their portfolios to ETH in the near future.

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