Ethereum Ethereum could deliver a shocking upside move that few are expecting, with price targets reaching as high as $1.5 million per coin, according to
Ethereum could deliver a shocking upside move that few are expecting, with price targets reaching as high as $1.5 million per coin, according to EMJ Capital founder Eric Jackson.
He believes the market continues to undervalue Ethereums network, even as it becomes the backbone of crypto commerce.
In a detailed market breakdown shared on social media, Jackson argued that Ethereum is not just an asset—its rapidly evolving into a financial infrastructure layer for the digital economy. The key catalyst, he says, will be the expected U.S. approval of Ethereum ETFs that include staking, transforming ETH into a yield-generating institutional product.
While Ether ETFs have underperformed their Bitcoin counterparts in trading volume so far, Jackson thinks the real trigger is still ahead. Staking functionality, which could be approved before October, would dramatically change how investors view the asset, tightening supply and attracting traditional finance capital.
According to Jackson, this shift would position Ethereum not just as “digital oil,” but as a deflationary income-generating asset. That alone, he says, could justify a 10x move from current levels in the coming years.
Looking even further out, he sees the potential for ETH to reach $1.5 million per token—especially if companies like Circle, Coinbase, Shopify, and Robinhood continue to build on and support the Ethereum ecosystem. If commerce increasingly migrates to crypto rails, ETH could become the native asset of that new economy.
For this cycle, Jackson sees $10,000 as his baseline target by 2026, with a $15,000 upside if layer-2 growth and staking adoption exceed expectations. If Ethereum also captures momentum in DeFi, stablecoins, or major L2s like Robinhood‘s and Coinbase’s, the gains could be far more dramatic—what he calls a “100-bagger” scenario.
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