Ethereum’s Former Lead Developer Reveals His Prediction for the ETH Price – Mega Bull or Bear?

Eric Conner, one of the former core developers of Ethereum, highlighted three key factors in his published analysis that strengthen the expectation of a major jump in the Ethereum (ETH) price. According to Conner, the surge in stablecoin volume, strong inflows into spot ETH ETFs, and ETH reserves on centralized exchanges falling to record lows could trigger this explosion. Conner noted that stablecoin transfer volume has increased for 21 consecutive months and that monthly transfer volume is now rivaling Visa’s transaction volume. He argued that this is driving sustained demand for Ethereum block space and creating an on-chain cash engine for ETH. Related News: Sweden’s Minister of Justice Makes Critical Statements on Cryptocurrency: Issues New Instructions In June, there was a total net inflow of $1.17 billion into spot Ethereum ETFs. Fund managers expect this figure to multiply several times in the second half of 2025. This indicates that institutional investor interest in Ethereum continues to grow. Conner stated that the total ETH balance on centralized exchanges has decreased to just 9 million ETH. This figure was recorded as the lowest level since 2015. The decreasing supply stands out as a factor supporting upward price pressure. Conner, who stated that Ethereum has been trading sideways in the $2,400-$2,600 range for weeks, said that these periods of low volatility usually result in sudden and sharp movements. According to the analysis, if the ETH price decisively breaks through the $2,600 resistance, the rise could be fast and violent. *This is not investment advice. Continue Reading: Ethereum’s Former Lead Developer Reveals His Prediction for the ETH Price – Mega Bull or Bear?

Source: BitcoinSistemi