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Ethereum Surges as Institutions Embrace ETH as Digital Oil for the Digital Economy

  • Ethereum's price has increased by 1.36% over the past 24 hours, trading just above $2,500.
  • Technical indicators show mixed signals with bearish momentum still present.
  • Institutional interest in Ethereum is on the rise, with $1.25 billion added in less than three weeks.
  • Ethereum is seen as the future financial infrastructure, with projections suggesting a price target of $80,000 based on utility and adoption forecasts.
  • Ethereum has become central to tokenized assets and on-chain financial services.
  • Co-founder Joseph Lubin notes that Ethereum offers utility, scarcity, and regular yield, positioning it as an ultimate productive reserve asset.
  • ETH is viewed as more than just a store of value, operating as computational fuel, programmable collateral, and an income-generating asset.
  • The Etherealize group projects ETH prices to potentially reach $8,000 in the near term, with a long-term ceiling of $80,000.
  • At $80,000, Ethereum's total worth would surpass $10 trillion, exceeding the combined market capitalization of Apple and Microsoft.

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