Crypto Lawyer Predicts Ethereum’s Meteoric Rise to $10,000 – Here’s the Legal Backing

Ethereum's legal standing just got a powerful endorsement—and it's fueling predictions of a five-figure price target.

Why the legal eagles are betting big

A prominent crypto attorney is throwing weight behind Ethereum's surge potential, pointing to regulatory clarity and institutional adoption as key catalysts. The $10,000 mark isn't just speculative hype—it's grounded in tangible legal and market shifts.

Institutional money isn't just knocking; it's breaking down the door. Traditional finance might still be figuring out how to handle crypto's volatility, but the smart money is already placing its bets. When lawyers start citing price targets, you know the landscape has shifted—Wall Street's playing catch-up while crypto writes the new rules.

Ethereum To Ride On Treasury Accumulation And ETF Inflows – Deaton

Notably, Deaton’s vote of confidence in Ethereum came in response to an X post by ETF analyst Nate Geraci, who highlighted a notable capital rotation trend between Bitcoin and Ethereum exchange-traded funds (ETFs). According to Geraci, spot ETH ETFs recorded $340 million in inflows on Friday, contributing to $2.8 billion in net inflows in August alone. In contrast, Bitcoin ETFs saw $1.2 billion in outflows during the same period. Since the beginning of July, spot ETH ETFs have attracted $8.2 billion in inflows, compared with $4.8 billion for Bitcoin ETFs.

Deaton explains that these flows underscore Ethereum’s strengthening investment case, echoing commentary from Tom Lee, Chief Investment Officer at Fundstrat and Chairman of Bitmine ($BMNR), an ETH treasury company. Lee has previously backed ETH’s potential for mainstream adoption, citing stablecoins’ potential to create a “ChatGPT moment” as seen with generative AI, especially following recent policy developments like the GENUIS Act.

Spot eth ETFs w/ $340mil inflows yesterday…

So far in August:

Spot eth ETFs = $2.8bil inflows

Spot BTC ETFs = $1.2bil *outflows*

Since beginning of July:

Spot eth ETFs = $8.2bil inflows

Spot btc ETFs = $4.8bil inflows

Notable recent shift.

— Nate Geraci (@NateGeraci) August 23, 2025

Meanwhile, John Deaton also noted the broader trend of Ethereum treasury companies actively accumulating ETH. This includes firms led by industry figures, including Lee (Bitmine), Joseph Lubin (Sharplink), and Andrew Keys (Ether Machine). Deaton suggested that the coordinated buildup of Ethereum reserves by these companies reflects a strategic bet on ETH’s central role in the evolving digital asset economy. While acknowledging Lee’s potential bias in his “stablecoin” commentary, being a stakeholder in the ETH market, Deaton emphasized that institutional and corporate accumulation patterns are hard to ignore.

The crypto lawyer said:

I don’t know if ETH can hit $20K or more this cycle, like some folks are suggesting, but with continued inflows, indicated below, coupled with @ethereumJoseph, @AK_EtherMachine, Tom Lee, and others, accumulating ETH for ETH Treasury Companies, $10K appears to be fairly foreseeable in ETH’s future.

ETH Price Overview

At press time, Ethereum trades at $4,775 following a 1.91% gain in the past day. However, the altcoin maintains a green performance on larger timeframes, reflecting gains of 7.28% and 23.98% on its weekly and monthly charts, respectively.  With a market cap of $576 billion, ETH continues to rank as the second largest cryptocurrency and 22nd largest asset in the world.