{"content":"According to recent studies, the price of Ethereum could astonishingly reach $706,000, making it one of the highest predictions ever made for the cryptocurrency. A recent research report titled “The Bull Case for ETH” suggests that Ethereum’s fully diluted market capitalization could potentially reach around $85 trillion. This implies that the price per coin could reach approximately $706,000 in the long term. The report, published in June 2025, features contributions from 21 experts, including core researcher Danny Ryan, Ryan Sean Adams (co-founder of Bankless), and investor Vivek Raman. The report describes Ethereum as “digital oil,” portraying it as a profitable, deflationary reserve asset that simultaneously powers and secures the on-chain economy. The authors argue that the global financial system stands on the brink of a historic transformation, where assets are becoming digitized and moving on-chain. Ethereum is emerging as a foundational pillar of this change due to having the most active developer community and an unmatched level of trust. Despite this, Ethereum's current price remains well below its 2021 all-time high, even though its technical upgrades and dominance in tokenized assets and stablecoin payments have significantly strengthened. The report describes Ethereum as a once-in-a-generation asymmetric investment opportunity and suggests it could become the primary asset in institutional digital asset portfolios. Ethereum is compared to traditional reserves such as oil, gold, the global bond market, and broad global money supply, leading to the long-term valuation estimate of $85 trillion or $706,000 per coin. This price target is not a time-bound prediction, but rather a potential equilibrium if Ethereum succeeds in becoming the commodity of energy, a currency, a standard collateral, and the base money of the digital economy. Ethereum’s unique characteristics include: Low annual gross issuance (1.51%) Roughly 80% of transaction fees being burned Minimal supply growth post-Merge (September 2022) $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/04/985382b0039143f3b4d9e9689fffed1d.jpg"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}