After a shoddy price performance in Q1, pundits are predicting ETH price to close the year with a bang. Tesseract CEO James Harris is rippling with bullish confidence that the largest altcoin will surge 160% before the end of 2025.
ETH Price To Gain 160%, Says Tesseract CEO
James Harris, CEO of Finland-based Tesseract, has given a bold prediction for the price of Ethereum in the mid-term. According to a recent interview, Harris tipped Ethereum to trade at $6,500 by the end of 2025, a 160% leap from its current price.
Harris is pitching his tent for a seismic Ethereum rally on several indices including a surge in staking participation and heightened corporate adoption. Furthermore, the Tesseract CEO argues that increased gas consumption from L2 applications will support the projected 160% rally for Ethereum price.
“We forecast ETH at $6,500 by end-2025, assuming continued growth in ETH staking participation, higher gas consumption from layer 2 applications, and no significant regulatory headwinds specific to Ethereum,” said James Harris.
Furthermore, he argues that the recent trend of inflows into Ethereum ETFs are stoking bullish enthusiasm for Ethereum. For Harris, the Pectra upgrade is yet to be priced in, placing Ethereum “on track for a run in H2.”
However, Harris warns that investors have to watch out for “unfavorable regulatory headwinds” that can derail the projection. Recently, Ethereum ETF staking applications have suffered a streak of delays by the US SEC.
Fears Of A Subpar Price Performance Looms In The Distance
Despite the upbeat ETH price prediction, several analysts are bearish in their long-term outlook for the largest altcoin. 10X Research CEO Markus Thielen has issued a grim prediction for Ethereum, tipping the asset to trade at $2,300, an 8% slump from current prices.
Thielen argues that a dip in Ethereum user activity is the biggest stumbling block to an end-of-year rally. Apart from L2 cannibalization, Ethereum is facing stiff competition from Solana while XRPL is inching closer to pose a real threat.
Despite his grim prediction, Ethereum treasury companies are recording impressive activity rates. Recently, SharpLink Gaming added 7,689 ETH to its bourgeoning Ethereum treasury while Bit Digital pivoted to an Ethereum treasury strategy.
Still, Thielen is backing Bitcoin as the winning play for treasury adoption over Ethereum but notes that stablecoin can change the tide for the altcoin. Polymarket data pegs Ethereum’s chances of breaking its all-time high of $4,878 before the end of the year at 22%. In the short term, the US government moving ETH to Coinbase has fuelled sell-off speculation for the asset.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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