Three reasons why Ethereum rally to $10K dream is alive in 2025

Ethereum rally to $10,000 is a narrative driving speculation among traders in H2 2025. The largest altcoin has outperformed Bitcoin and Solana in the past month. ETH purchases by public companies is driving demand for Ether, and analysts at Standard Chartered believe that this won’t stop anytime soon.

While Bitget Wallet experts set a $10,000 target for Ethereum (ETH), UK Bank Standard Chartered says that companies could end up owning 10% of all Ether, a 10% increase from the current level.

In this deep dive we explore the reasons why Ethereum’s dream rally to $10,000 is likely closer than anticipated.

Ethereum demand among companies explodes

Bitcoin (BTC) rally’s biggest driver in the 2025 bull run is institutional adoption, purchase of BTC for company treasuries and nations, states adding BTC to their balance sheet. A similar phenomenon could trigger a bull run in Ether.

One percent of Ethereum’s circulating supply is currently held by 11 firms, identified by UK Bank Standard Chartered. The banks hold millions of crypto on their balance sheet and the demand for ETH remains high.

Experts at the bank predict a tenfold increase in Ethereum holdings of the companies, meaning that 10% of Ethereum’s circulating supply could be held and controlled by the firms.

Geoffrey Kendrick, Standard Chartered’s head of digital assets is quoted in a note that the bank sent out to its investors on Tuesday:

“They may eventually end up owning 10% of all ETH, a 10x increase from current holdings.”

Ethereum purchases by BitMine, GameSquare, and SharpLink exceed $3.5 billion according to CoinGecko data, acting as a catalyst for the ETH price rally.

Spot Ethereum ETFs have recorded net positive flows since July 7 as institutional investors gobble Ether faster than they did Bitcoin. The data support a bullish thesis for Ether. Coinglass data shows the Ethereum ETF flows.

ETF inflows crossed $2.3 billion within a week, supporting demand for the largest altcoin.

The institutional demand for Ethereum is expected to keep rising with the largest ETH treasury firm, BitMine Immersion Technologies, signaling a $1 billion stock repurchase program for Ethereum purchase.

As Wall Street giants warm up to Ethereum as a treasury reserve asset, demand is likely to drive the altcoin’s price higher.

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BTCS and Ethereum treasuries explained

BTCS made the strategic pivot from mining Bitcoin to buying Ethereum for their treasury. The US based publicly traded digital asset firm has observed over 130% increase in its stock price year-to-date and a 600% increase in the last three years.

The pivot to Ethereum treasury has had a positive impact on the company, as it evolved from an online Bitcoin marketplace to a key infrastructure developer on the ETH blockchain, and a strategic ETH holder.

BTCS owns approximately $270 million worth of Ethereum, at an average price of over $3,800.

Charles Allen, CEO of BTCS Inc told MilkRoad co-founder Kyle Reidhead that he loves Bitcoin but it doesn’t do anything. BTC is a treasury asset, while Ethereum has the power to change how assets move around the world.

Allen said, “Ethereum opens up new business models without banks, intermediaries, and is the backbone of the internet.”

The first step for most Ethereum treasury companies is to buy Ethereum and stake it, use AAVE to lend Ether, and generate an income from lending. Commenting on what’s next after these two steps, Allen says, there are more projects in the pipeline and the firm plans on buying more Ethereum.

BTCS is focused on making the Ethereum blockchain faster and better, with several projects on the roadmap. The ETH treasury company is focused on making Ethereum more valuable and says it is a responsibility of public companies to buy ETH tokens.

Experts are bullish on Ethereum

Gracy Chen, CEO of crypto exchange Bitget, is bullish on Ether. Chen says:

“Ethereum has a competitive advantage in capturing a large share of this market. Institutional investors consider Ethereum the next emerging treasury asset after Bitcoin. Wall Street firms and the broader TradFi world are just warming up to the idea of Ethereum as a treasury reserve asset.”

Ignacio Palomera, CEO of Bondex, shares the bullish thesis and believes that Ether will have a key impact in the next 10 years. Palomera told Crypto.news:

“When Ethereum first emerged in 2015, its narrative was often framed around its potential as a blockchain to be built on. 10 years later, Ethereum has more than served that purpose; it has drafted the playbook for anyone who wants to build a truly interoperable and decentralised ecosystem – a legacy and lasting impact far grander than initially anticipated.”

Commenting on what’s next for Ethereum, Palomera says:

“There is ample opportunity for continued development across the ecosystem; more releases, upgrades and innovations will be critical in maintaining Ethereum’s continued success. To maintain its competitive edge, Ethereum must continue pushing the boundaries of scalability, efficiency and user experience so networks can continue to build and innovate. Ethereum’s next decade promises to be just as, if not more, transformative.”

Discussing Ethereum’s 60% rally past the $3,800 level, Ryan Lee, Chief Analyst at Bitget Wallet, told Crypto.news:

“Ethereum’s ~60% rally to above $3,800, driven by robust institutional inflows and strong on-chain demand, signals a potential structural shift, with the ETH/BTC ratio breaking its 200-day average for the first time in over a year, indicating sustained outperformance. Institutional FOMO, whale accumulation, and ETF inflows, reaching $2.4B last week, underscore Ethereum’s strength, particularly as it absorbs significant supply.

We predict ETH could reach $5,500–$6,500 by Q4 2025, with a stretch target of $10,000 if institutional trends persist. This shift may not be permanent but reflects Ethereum’s growing dominance in the current cycle.”

Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet agrees and adds that the inflow story to crypto ETFs has tilted towards Ether, driven by yield-bearing staking mechanics. Ethereum, now considered the base layer for the internet has expanded its DeFi footprint and on-chain utility, competing with Bitcoin in terms of capital flow and investor interest. Elkaleh is convinced that institutions are strategically rotating capital into Ethereum, and this could drive higher gains in the altcoin.

Ethereum price analysis

Ethereum rallied 56% in nearly three weeks, between July 8 and 28, hitting $3,941, just shy of the $4,000, psychologically important level. Ethereum’s rally could hit pause before another leg up, according to key momentum indicators on the daily timeframe.

The December 2024 peak of $4,107 is a key level that Ethereum could re-test if the altcoin extends its gains. ETH is currently less than 10% away from the $4,100 level.

The previous all-time high is $4,878 and the $4,500 level is a key resistance on the path to a re-test of the important price levels.

The MACD flashes a red histogram bar below the neutral line, which implies the underlying momentum in the Ethereum price trend is negative. RSI reads 72, and once the indicator slips under 70, it will generate a sell signal.

ETH/USDT daily price chart | Source: Crypto.news

In the event of a correction, Ethereum could find support at $3,466 and $3,066, S1 and S2 on the daily price chart.

Happy Birthday to Ethereum

Ethereum was created in 2015. As the altcoin celebrates its 10th anniversary, it has locked over $83 billion in total assets, according to DeFiLlama. Stablecoin market capitalization on Ethereum has crossed $132 billion, and the chain generated $1.33 million in revenue in the last 24 hours.

Ethereum metrics | Source: DeFiLlama

Different firms that develop Ethereum infrastructure, ETH treasury firms, and retail and institutional investors are celebrating ETH’s tenth birthday on Wednesday.

Ethereum trades above $3,700 as market participants celebrate the asset, and 91% of ETH holders are currently profitable. The altcoin’s correlation with Bitcoin stands at 0.83, meaning a steep decline in BTC could trigger a meltdown in ETH price rally as well, leading to a drop to the closest support levels at $3,500 and $3,000.

The sentiment among traders is bullish on Wednesday as Ethereum demand across exchange platforms absorbs the selling pressure from traders taking profits on their ETH holdings.