{"id":311832,"date":"2025-08-02T11:48:11","date_gmt":"2025-08-02T11:48:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/311832\/"},"modified":"2025-08-02T11:48:11","modified_gmt":"2025-08-02T11:48:11","slug":"galaxys-novogratz-sees-ethereum-flipping-4k-to-support-heres-why","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/311832\/","title":{"rendered":"Galaxy’s Novogratz sees Ethereum flipping $4K to support – Here’s why"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways\u00a0<\/strong><\/p>\n

Crypto leaders expect ETH to break above $4K, with some projecting a $5.7K target. Low selling pressure reinforces the bullish outlook.<\/p>\n

Ethereum [ETH]<\/a> price has rallied 150% from its April lows and could surge\u00a0much higher by the end of the year, according to Galaxy Digital CEO Mike Novogratz.\u00a0<\/p>\n

The executive downplayed claims that the recent ETH surge to $3.9K could mark its cycle top near $4K. Novogratz added<\/a>,\u00a0<\/p>\n

\n

\u201c$3k-4k is now the range for a while. But my instinct is that it will be $4k that goes by the end of the year. Not $3k.\u201d<\/p>\n<\/blockquote>\n

Lee foresees a 60% ETH upside<\/strong><\/p>\n

Tom Lee, a Wall Street strategist, FundStrat CEO, and Chair of ETH treasury firm BitMine Immersion Tech, also projected a similar bullish<\/a> outlook. <\/p>\n

Per Lee, ETH was in a better position and could rally 60%, citing the ETH\/BTC ratio, an indicator that tracks the relative price of the altcoin to BTC.\u00a0<\/p>\n

He projected<\/a> that the ETH\/BTC ratio could reclaim its last year\u2019s level of 0.05 from 0.03, with an implied target of $5.7K if the projection is validated.\u00a0\u00a0<\/p>\n

\n

\u201cETH is a better story today than it was a year ago. ETH\/BTC ratio now: 0.03144, a year ago: 0.05000. Implies 60% near-term upside.\u201d<\/p>\n<\/blockquote>\n

\"Ethereum<\/a><\/p>\n

Source: Tom Lee\/X<\/p>\n

Institutional appetite and treasury build-up deepen ETH demand<\/strong><\/p>\n

Institutional demand has also boosted this bullish outlook for the asset. <\/p>\n

In July alone, spot ETH ETFs saw $5.3 billion in inflows, marking the highest monthly demand the products have ever seen since they debuted last year.\u00a0<\/p>\n

\"Ethereum\"<\/a><\/p>\n

Source: SoSo Value<\/p>\n

Besides, the raging appetite from crypto treasury firms like BitMine, SharpLink Gaming, and The Ethereum Machine could further drive demand for ETH.<\/p>\n

At press time, ETFs hold 5.84 million ETH, while crypto-native treasury reserves have ballooned<\/a> to 2.73 million ETH, or 2.26% of supply.<\/p>\n

In addition, there has been a relatively low sell-off in 2025 as ETH neared $4K compared to 2024.<\/p>\n

Even the recent pullback from $3.9K to $3.5K didn\u2019t record a spike in coins being sent to exchanges for sell-off.\u00a0<\/p>\n

Low exchange outflows reinforce bullish case<\/strong>
\n\"Ethereum\"<\/a><\/p>\n

Source: CryptoQuant<\/p>\n

In fact, ETH\u2019s Exchange Netflow recently dropped to a two-year low, per CryptoQuant, signaling a continued accumulation trend.<\/p>\n

In other words, there was more accumulation than sell-off as ETH hit recent highs, underscoring a bullish cue. <\/p>\n

But any unforeseen macro headwind could dent this positive outlook, hence it is worth tracking closely.\u00a0<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tPrevious: Solana whales dump $17.7M \u2013 Is SOL\u2019s $183 comeback at risk?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Dogecoin \u2013 Analyzing why DOGE traders should watch $0.196 next<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways\u00a0 Crypto leaders expect ETH to break above $4K, with some projecting a $5.7K target. Low selling…\n","protected":false},"author":2,"featured_media":311833,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-311832","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114959017826127364","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/311832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=311832"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/311832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/311833"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=311832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=311832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=311832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}