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The Ethereum has formed the most bullish chart which is still in the accumulation phase and hence expected to surge with the soaring price
With many upgrades and developments approaching, ETH price is expected to skyrocket to $10,000.
The year 2021 can be more fruitful for Ethereum price as many upgrades and developments in the ecosystem are underway. And therefore the ETH price is expected to rise. As per the well-known analyst, Lark Davis price may hit $10K very soon.
Moreover, the DeFi space may take off in a very huge way as much of the traditional finance are also adopting the blockchain ecosystem.
Will Ethereum Attract Institutions as Bitcoin?
Bitcoin successfully attracted many institutions in 2020 including the Wall street companies which invested in billions. One of the popular hedge fund Grayscale holds nearly 3% of the whole Bitcoin supply currently.
In the recent development, Grayscale is considering some other assets also like Ethereum, XRP, etc other than bitcoin. Moreover, they are considering the ETH only and first customers which indicate the rising mainstream adoption of the asset.
Therefore with the upgradations in the ETH 2.0, Ethereum ecosystem is expected to even address the issues related to the current platform with more developments and additional specifications.
Currently, it is mandatory for the ETH price to hold strong at $1300 levels and surge further. Once successfully sustained above these levels, the Ethereum price is all set to surpass the current ATH. Moreover, it may also hit the $2000 levels very soon.