Recently, the price movement of Ethereum (ETH) has attracted widespread follow. As the ETH price hovers around $3800, there are many speculations about its future direction in the market. It is worth noting that the current development direction of ETH seems to no longer be dominated by the founder of Ethereum or the foundation, but is increasingly influenced by Wall Street.

Famous strategist Tom Lee has recently succeeded in convincing some important figures on Wall Street to follow ETH, which undoubtedly brings more market attention to ETH. Several main reasons why Wall Street is optimistic about ETH include:

First of all, the booming development of stablecoins is seen as an important opportunity for Ethereum. Currently, more than half of the global stablecoins are issued on the Ethereum network, and about 30% of Gas fees also come from Ethereum.

Secondly, many large financial institutions are developing their own blockchain projects based on the underlying technology of Ethereum, which further demonstrates the value and potential of Ethereum technology.

Thirdly, some companies are exploring ways to optimize their asset management strategies through ETH-related financial instruments, which also indirectly reflects the maturity of the Ethereum ecosystem.

For the price prediction of ETH, some analysts believe that the short-term target price is $4000, while the reasonable value range by the end of the year may be between $10000 and $15000. Tom Lee even stated that allocating ETH now could be one of the effective ways for businesses to achieve a tenfold growth in their finances.

However, we should also note that market predictions often carry subjectivity and uncertainty. When making decisions, investors should not only follow these optimistic predictions but also comprehensively consider market risks and cautiously assess their own risk tolerance. How ETH will actually perform in the future remains to be seen.