Ethereum Price Target of $9,600: Institutional Backing Fuels Momentum

Ethereum’s price trajectory is generating significant attention as analysts predict a potential surge to $9,600, driven by growing institutional interest. This forecast arises from the currency’s recent breakout above its 365-day moving average, indicating renewed activity from large investment firms. The bullish momentum may signal renewed institutional support and positive regulatory signals that could influence broader market dynamics. Experts such as Arthur Hayes, former CEO of BitMEX, predict a potential target of $10,000 by year-end if U.S. policy shifts towards credit expansion and institutional interest from Western institutions continues.