Three Major Catalysts Set to Propel Ethereum’s Price Higher: Sygnum Analysis
Ethereum's next bull run isn't just speculation—it's being engineered by three powerful market forces.
Sygnum Bank identifies the trifecta driving ETH's momentum: institutional adoption accelerating, DeFi ecosystem expansion hitting new records, and the long-awaited Ethereum 2.0 upgrades finally going live. These aren't hypothetical scenarios—they're current market realities creating perfect conditions for price appreciation.
While traditional finance still debates blockchain's value, smart money already positions itself for the coming surge. Because in crypto, the early movers aren't just investors—they're architects of the next financial system.
One cynical finance jab: Wall Street analysts who dismissed Ethereum at $100 are now scrambling to justify price targets—after the train already left the station.
Delayed reaction to Ethereum ETFs
Although spot Ethereum exchange-traded funds began trading in July 2024, net flows did not pick up until May 2025, when the U.S. Securities and Exchange Commission (SEC) lifted the uncertainty surrounding staking by stating that staking services do not constitute securities offerings.
This development was a critical improvement that triggered a massive influx of demand via ETFs and digital asset treasuries.
While ETFs have accumulated $27.73 billion, according to SoSoValue, constituting roughly 5.31% of Ethereum’s market capitalization, DATs have scooped up $16.02 billion, data from Ethereum Treasuries shows.
Staking services have removed nearly 30% of Ethereum’s supply from circulation, according to a recent Coinbase report, adding to the supply shortage spike.
Apart from ETF and DAT-driven demand, “DeFi, real-world assets, and rollups” are also starting to get more traction, Shivam Thakral, CEO of BuyUcoin, told Decrypt.
Sygnum further highlighted the negative supply shock with the decline in exchange supply data, highlighting the long-term prospects of Ethereum in the ongoing bull run.
“Unless the wider economy or regulators throw a curveball, Ethereum looks set to push higher this cycle,” Thakral explained. “With more upgrades on the way, rising institutional adoption, and clearer rules taking shape, Ethereum is moving beyond speculation to solidify its role as Core digital infrastructure.”
On prediction market Myriad, launched by Decrypt's parent company DASTAN, users are cautiously optimistic about Ethereum's prospects, with around two-thirds expecting it to top $5,000 this year. Ethereum is currently changing hands at $4,427, up 2.4% in the past 24 hours, per CoinGecko data.
