Ethereum prices surged over 19% in the past day, nearing $2,500 amidst a general crypto market resurgence.
Analyst Ted Pillows predicts Ethereum to reach $12,000 by 2025, citing reasons like institutional adoption and DeFi dominance.
Pillows highlights Ethereum's potential institutional adoption, smart contract programmability, and dominance in DeFi as key factors for its bullish trajectory.
Other potential market triggers include the introduction of Ethereum ETF staking, high ETH burn post-Pectra upgrade, and a risk-on environment anticipated in 2025.