Why ‘ETH Is Going to $10,000,' Explains EMJ Capital Founder and President

On Sunday, Eric Jackson, the laminitis and president of Toronto-based hedge money EMJ Capital posted a thread connected X that explained his firm's bullishness connected ether (ETH).

According to Jackson, the marketplace has underestimated the interaction of upcoming developments, peculiarly the anticipated support of staking for ETH exchange-traded funds (ETFs) by October 2025. He argued that this event, alternatively than the already-approved ETH ETFs, represents the existent catalyst for important terms growth, arsenic it could alteration ether into a yield-generating plus charismatic to organization investors.

Jackson explained that his firm’s exemplary anticipates a proviso crunch driven by respective factors. He highlighted that staking support would apt pb to accrued organization demand, reduced circulating supply, and passive concern flows from accepted finance. Combined with Ethereum's deflationary tokenomics post-merge, increasing transaction fees from layer-2 solutions, and the emergence of real-world plus (RWA) tokenization, helium believes these dynamics could importantly boost ETH's value.

Jackson emphasized that Ethereum’s quality to make existent gross positions it arsenic an undervalued network, poised to go an institutional-grade output merchandise alternatively than simply a speculative asset.

In his analysis, Jackson projected a basal lawsuit of ether reaching $10,000 by the extremity of the existent marketplace cycle, with a much optimistic script of $15,000 oregon higher if layer-2 adoption and ETF inflows transcend expectations.

He noted that portion Bitcoin continues to predominate marketplace attraction with its terms surpassing $120,000, Ethereum is softly establishing itself arsenic a captious infrastructure for cryptocurrency transactions.

Jackson besides expressed skepticism astir the analogy of Ethereum arsenic “digital oil,” alternatively suggesting that its relation arsenic a foundational level for commerce successful a crypto-driven system aligns it with companies similar Circle, Coinbase, Shopify, and Robinhood. His steadfast remains bullish, maintaining a agelong presumption successful the $ETHA ETF and plans to update its exemplary arsenic caller developments unfold.

With the crypto marketplace struggling contiguous successful the aftermath of the profit-taking that took bitcoin's terms successful the past 2 days from supra $123,000 to astir $116,000, the ether terms is holding up comparatively well, down lone 0.6% successful the past 24-hour play astatine the clip of writing. One crushed for that is astir apt the enactment from Nasdaq-listed SharpLink Gaming (SBET).

Earlier today, the steadfast announced via a post connected X that it has solidified its presumption arsenic the largest firm holder of ether globally, surpassing adjacent the Ethereum Foundation. The institution disclosed that betwixt July 7 and July 13, 2025, it acquired astir 74,656 ETH for astir $213 million, astatine an mean terms of $2,852 per ETH, bringing its full holdings to astir 280,706 ETH.

It says that this assertive acquisition strategy, funded successful portion by raising $413 cardinal done the merchantability of 24.5 cardinal shares via its At-The-Market (ATM) installation during the aforesaid period, underscores its committedness to making ether its superior treasury reserve asset.

The announcement besides highlighted that astir 99.7% of SharpLink’s ETH holdings are actively staked, generating astir 415 ETH successful staking rewards since the institution launched its ETH-focused treasury strategy connected June 2, 2025.

Additionally, SharpLink reported a 23% summation successful its proprietary “ETH Concentration” metric since June 13, 2025, reflecting greater ETH vulnerability per share. This determination aligns with the company’s broader vision, articulated by Chairman Joseph Lubin, a co-founder of Ethereum, to presumption SharpLink astatine the forefront of integer commerce by leveraging Ethereum’s inferior successful decentralized concern and blockchain infrastructure.

Technical Analysis

• According to CoinDesk Research's method investigation model, ETH-USD showcased precise precocious volatility passim the 24-hour play from July 14 15:00 UTC to July 15 14:00 UTC, establishing a trading corridor of $132.08 that constituted 4% question betwixt the session's level astatine $2,933.50 and ceiling astatine $3,065.45.
• The trading league was characterized by sustained bearish unit during overnight hours, witnessing ETH's descent from $3,013.65 to scope the regular nadir of $2,933.50 astir astatine 03:00, subsequently entering a lateral consolidation signifier wrong the $2,960-$2,990 bandwidth passim the bulk of the session.
• The pivotal infinitesimal materialized during the concluding trading hr arsenic ETH orchestrated a spectacular ascent from $3,000.02 to $3,051.89, accumulating $51.87 gains wrong a azygous hr accompanied by bonzer trading enactment of 496,321 units — exceeding doubly the 24-hour baseline of astir 225,000.
• This dynamic surge indicates robust organization positioning and signals a imaginable breakthrough beyond the $3,000 intelligence obstruction that antecedently constrained upward momentum attempts.
• ETH-USD exhibited bonzer terms enactment during the last 60 minutes spanning 15 July 13:08 UTC to 14:07 UTC, accelerating from $3,016.75 to execute a league pinnacle of $3,065.45 earlier consolidating astatine $3,047.00, marking a nett appreciation of $30.25 oregon 1%.
• The timeframe showcased a compelling breakout communicative commencing astatine 13:25 erstwhile ETH catapulted from $3,017.89 to $3,026.08, succeeded by persistent bullish momentum that reached its zenith during the 13:42 to 13:50 UTC interval, wherever valuation skyrocketed from $3,029.14 to $3,065.37 — capturing $36.23 appreciation wrong an 8-minute model arsenic trading enactment surged beyond 21,000 units astatine 13:46, approaching triple the hourly baseline.
• This almighty beforehand definitively penetrated the $3,030 absorption threshold and established caller league peaks, though consequent profit-realization dynamics surfaced during the concluding 17 minutes, retreating ETH to $3,047.00 amid declining enactment that reached zero during the last 3 minutes, indicating momentary fatigue pursuing the exponential climb.

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