{"id":43798,"date":"2025-08-24T15:16:35","date_gmt":"2025-08-24T15:16:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43798"},"modified":"2025-08-24T15:16:35","modified_gmt":"2025-08-24T15:16:35","slug":"crypto-lawyer-backs-ethereum-to-reach-10000-target-heres-why","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43798","title":{"rendered":"Crypto Lawyer Backs Ethereum To Reach $10,000 Target \u2013 Here\u2019s Why"},"content":{"rendered":"
\n

Crypto lawyer and former Republican senatorial candidate for Massachusetts, John Deaton, has publicly lauded Ethereum (ETH) price growth\u2019s potential, tipping the altcoin for sizable short-term gains. The XRP enthusiast<\/a> is predicting ETH to hit a $10,000 price valuation in the present market cycle, citing strong institutional inflows and strategic accumulation by Ethereum treasury firms as key bullish catalysts.<\/p>\n

Ethereum To Ride On Treasury Accumulation And ETF Inflows \u2013 Deaton<\/strong><\/h2>\n

Notably, Deaton\u2019s vote of confidence in Ethereum came in response to an X post<\/a> by ETF analyst Nate Geraci, who highlighted a notable capital rotation trend between Bitcoin and Ethereum exchange-traded funds (ETFs). According to Geraci, spot ETH ETFs recorded $340 million in inflows on Friday, contributing to $2.8 billion in net inflows in August alone. In contrast, Bitcoin ETFs saw $1.2 billion in outflows during the same period. Since the beginning of July, spot ETH ETFs have attracted $8.2 billion in inflows, compared with $4.8 billion for Bitcoin ETFs.<\/p>\n

Deaton explains<\/a> that these flows underscore Ethereum\u2019s strengthening investment case, echoing commentary from Tom Lee<\/a>, Chief Investment Officer at Fundstrat and Chairman of Bitmine<\/a> ($BMNR), an ETH treasury company. Lee has previously backed ETH\u2019s potential for mainstream adoption, citing stablecoins\u2019 potential to create a \u201cChatGPT moment\u201d as seen with generative AI, especially following recent policy developments like the GENUIS Act.<\/p>\n

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Spot eth ETFs w\/ $340mil inflows yesterday\u2026<\/p>\n

So far in August:<\/p>\n

Spot eth ETFs = $2.8bil inflows<\/p>\n

Spot btc ETFs = $1.2bil *outflows*<\/p>\n

Since beginning of July:<\/p>\n

Spot eth ETFs = $8.2bil inflows<\/p>\n

Spot btc ETFs = $4.8bil inflows<\/p>\n

Notable recent shift.<\/p>\n

\u2014 Nate Geraci (@NateGeraci) August 23, 2025<\/a><\/p>\n<\/blockquote>\n

Meanwhile, John Deaton also noted the broader trend of Ethereum treasury companies actively accumulating ETH. This includes firms led by industry figures, including Lee (Bitmine), Joseph Lubin (Sharplink)<\/a>, and Andrew Keys (Ether Machine). Deaton suggested that the coordinated buildup of Ethereum reserves by these companies reflects a strategic bet on ETH\u2019s central role in the evolving digital asset economy. While acknowledging Lee\u2019s potential bias in his \u201cstablecoin\u201d commentary, being a stakeholder in the ETH market, Deaton emphasized that institutional and corporate accumulation patterns are hard to ignore.<\/p>\n

The crypto lawyer said:<\/p>\n

\n

I don\u2019t know if ETH can hit $20K or more this cycle, like some folks are suggesting, but with continued inflows, indicated below, coupled with @ethereumJoseph,\u00a0<\/a>@AK_EtherMachine<\/a>, Tom Lee, and others, accumulating ETH for ETH Treasury Companies, $10K appears to be fairly foreseeable in ETH\u2019s future.<\/p>\n<\/blockquote>\n

ETH Price Overview<\/strong><\/h2>\n

At press time, Ethereum trades at $4,775 following a 1.91% gain in the past day. However, the altcoin maintains a green performance on larger timeframes, reflecting gains of 7.28% and 23.98% on its weekly and monthly charts, respectively.\u00a0 With a market cap of $576 billion, ETH continues to rank as the second largest cryptocurrency and 22nd largest asset in the world.<\/p>\n

\"Ethereum\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto lawyer and former Republican senatorial candidate for Massachusetts, John Deaton, has publicly lauded Ethereum (ETH) price growth\u2019s potential, tipping the altcoin for sizable short-term gains. The XRP enthusiast is predicting ETH to hit a $10,000 price valuation in the present market cycle, citing strong institutional inflows and strategic accumulation by Ethereum treasury firms as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43798","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43798"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43798\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}