Novogratz: ETH’s Path to $4,000 ‘Inevitable’ as Supply Tightens
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Ethereum’s supply dynamics and institutional buying pressure could soon send ETH to $4,000—and beyond—according to Galaxy Digital’s Michael Novogratz.
“ETH will test $4,000 repeatedly, and if it breaks through, we’re in uncharted territory,” he predicted. The milestone would mark an 8.5% climb from Ether’s current $3,618 price.
Novogratz tied his optimism to corporations like BitMine and Sharplink amassing billions in ETH, reducing available supply. “This sets the stage for ETH to outpace Bitcoin in the near term,” he added.
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