<ul data-eligibleForWebStory="false"><li>A new research report predicts Ethereum (ETH) could reach a price near $706,000 per coin, based on a fully diluted market capitalization of roughly $85 trillion.</li><li>The report frames ETH as the foundation of the emerging on-chain economy, comparing it to 'digital oil' due to its deflationary reserve asset nature.</li><li>Key factors contributing to the optimistic valuation include Ethereum's monetary design, staking yield, and its role as a censorship-resistant reserve asset within settlement protocols.</li><li>The research outlines near-term and medium-term price milestones for ETH, with catalysts including the tokenization of real-world assets, institutional staking yield demand, and the strategic stockpiling of ETH.</li></ul>

New Research Predicts Ethereum At $706,000—ETH’s Wildest Target Yet

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