Ethereum has traded at $4,464, an increase of 0.36% over the past 24 hours, with daily trading volume of $22.9 billion. The world’s second-largest cryptocurrency has a live market capitalization of nearly $53.6 billion, but that number could only be the beginning, according to Joseph Lubin, CEO of Consensys and co-founder of Ethereum.
On August 30, Rubin said Ethereum could grow its current value by 100 times. He argued that ETH could ultimately outperform Bitcoin’s monetary base. This is a prediction that is often referred to as “flipping” in the long term.
Lubin believes Ethereum will become the backbone of the financial markets as banks integrate staking, validator nodes and layer 2 scaling solutions to replace outdated infrastructure.
Large institutions such as JPMorgan, which still operate multiple siloed systems from past acquisitions, could save billions by moving to Ethereum-based rails.
Why Wall Street is important to ETH
Lubin pushed back the fear that the layer 2 scaling network would weaken the Layer 1 foundations of Ethereum. Instead, he pointed out projects such as linea and burn evidence as evidence that not base chains, not cannibalism, but that efforts to expand would be strengthened.
For him, Wall Street’s role is extremely important. By running the valinator, creating smart contracts, and employing a debt process, the bank gradually moves to the Ethereum Rail. In his view, this is not a niche experiment. This is the next evolution of finances.
Key points from Lubin’s outlook:
- Wall Street adoption can multiply the value of ETH by 100.
- Banks like JPMorgan may reduce costs by adopting Ethereum-based systems.
- Layer 2 networks are expected to strengthen the basic layer of Ethereum.
- ETH could surpass Bitcoin’s monetary base within the next market cycle.
Ethereum (ETH/USD) Technology Setup
Ethereum price forecast shows strength after bounces back from trendline support at nearly $4,265. On the four-hour chart, ETH continues to respect the uptrend line and builds a bullish structure with a higher low.
RSI returned to 51 after last week’s dip, bringing back steady purchasing pressure. MACD narrows the negative spread and shows a potential bullish crossover. Recent candlesticks close to support are similar to the spinning top, a pattern that marks a tipping point when seen in the volume.
Immediate resistance was $4,665, followed by $4,865. A clean breakout of over $4,865 will pave the way to a psychological $5,100 level. However, if you don’t retain trendline support, you risk a pullback at $4,265 or $4,070.
For traders, the risk reward setup remains leaning upwards. A breakout above $4,665 could be targeted at $5,100 in the short term, and as Lubin’s paper unfolds, the medium-term scenario points to a much higher rating. In his words, “ETH will probably be 100 times more from here. Perhaps even more.”
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Post Ethereum Price Prediction: Josefulvin was the first to appear on Cryptonews, confident in its “100x” rally and BTC flipping.
