Ethereum News Today: Galaxy Digital CEO Targets $4,000 for Ethereum by 2025

Galaxy Digital CEO Mike Novogratz has reiterated his bullish stance on Ethereum, forecasting that the cryptocurrency could surpass the $4,000 level by the end of 2025. In a recent social media post, Novogratz dismissed concerns that Ethereum’s current “quadruple top” pattern signals a bearish trend, suggesting instead that it often precedes a temporary pullback followed by a new upward move. He emphasized that Ethereum, which has been trading between $3,000 and $4,000, is likely to move above the $4,000 threshold rather than fall below $3,000 [1]. This view builds on earlier comments he made to CNBC, where he suggested Ethereum could outperform Bitcoin in the coming months [4].

Novogratz attributes the potential for Ethereum’s price increase to the growing trend of companies adding ETH to their balance sheets, which he argues will support further price discovery once $4,000 is breached. Some analysts have offered even more aggressive price targets, including a $5,700 or $8,000 level in a bullish scenario [3]. Crypto chartist @IamCryptoWolf has suggested a conservative target of $8,000, with a potential move toward $13,000 by year-end [5]. However, these are speculative forecasts and not indicative of confirmed market outcomes.

While Novogratz remains bullish, other technical analyses have highlighted bearish signals. A mid-July chart analysis noted a bearish divergence on lower timeframes, indicating that Ethereum could experience further downward movement after its recent consolidation [7]. Despite this, Novogratz maintains that a significant crash has not yet materialized and that the asset is still positioning itself for a breakout.

In the broader market context, Ethereum has been subject to a notable sell-off alongside other major assets. Yet, Galaxy Digital’s optimism contrasts with more cautious or bearish views from some analysts. Speculative factors such as potential large institutional buying activity have also been cited as potential catalysts for a price surge [6].

The CEO’s bullish outlook extends beyond Ethereum. Novogratz has set a long-term target of $150,000 for Bitcoin, citing a favorable macroeconomic environment driven by inflationary pressures and potential U.S. rate cuts under President Trump, as well as China’s recent economic stimulus policies [2]. He argues that cryptocurrencies, like gold and silver, are well-positioned to benefit from these dynamics.

It is important to note that the price targets and market analysis discussed here are forecasts and not verified market outcomes. The cryptocurrency market remains highly volatile, and while bullish sentiment is on the rise, bearish technical indicators and market participants also play a role in shaping price action.

Source: [1] Ethereum Price Prediction: Galaxy Digital CEO Targets New Highs in 2025 (https://coindoo.com/ethereum-price-prediction-galaxy-digital-ceo-targets-new-highs-in-2025/)

[2] Billionaire Investor Mike Novogratz Reveals New Price (https://www.bitget.com/news/detail/12560604892470)

[3] Galaxy's Novogratz sees Ethereum flipping $4K to support (https://ambcrypto.com/galaxys-novogratz-sees-ethereum-flipping-4k-to-support-heres-why/)

[4] Mike Novogratz Rejects Bearish ETH Calls, Predicts (https://cryptodnes.bg/en/mike-novogratz-rejects-bearish-eth-calls-predicts-4000-by-year-end/)

[5] Ethereum (ETH) Price Prediction (https://bravenewcoin.com/insights/ethereum-eth-price-prediction-ethereum-crashes-below-3-5k-as-market-bleeds-is-the-bottom-in)

[6] Ethereum Price Prediction: Blackrock Buying Could Trigger (https://coincentral.com/ethereum-price-prediction-blackrock-buying-could-trigger-new-highs-in-august-while-unil-already-up-30-in-july/)

[7] Ethereum News Today: Ethereum Falls 6.7% as (https://www.ainvest.com/news/ethereum-news-today-ethereum-falls-6-7-4-000-resistance-remains-unbroken-tariff-pressure-2508/)