Could Eth ereum really hit $10,000 this cycle? Crypto hedge fund XWIN Finance believes the answer lies in liquidity 0 global M2 money supply reaches record highs and exchange reserves plummet, XWIN analysts argue that Ethereum is approaching its “revaluation phase,” a structural shift that could send ETH surging to five figures if current trends 1 the past three years, the U. S. M2 money supply has entered a renewed expansion phase, hitting a record high of approximately $22.2 2 IN : U.
S. M2 Money Supply jumps to a new all-time high of $22.2 Trillion 3 — Barchart (@Barchart) September 23, 2025 Bitcoin has been the first to capture this “liquidity wave,” climbing more than 130% since 2022 and showing an exceptionally high correlation with M2 of around 4 Supply Shock and M2 Expansion Shows ETH to $10k is Realistic Ethereum, by contrast, remains behind, having risen only about 15% during the same 5 gap represents a clear “liquidity lag,” however, on-chain data suggests this gap may be closing.) July 23, 2025 According to Hayes, the return of Trump has brought in a credit-heavy economic strategy designed to increase industrial output, especially in areas like rare earths and defense 6 believes this approach, which mirrors aspects of economic planning in China, will flood the system with credit.
That, he argues, will create favorable conditions for risk assets, especially top cryptocurrencies like Bitcoin and 7 has now reclaimed the $4,600 level , gaining 11.34% in the past seven days with a market capitalization of $561.93 billion. CoinShares’ recent report has shown that 8 Ethereum ETFs, alongside Ethereum digital asset treasuries, have been driving ETH’s price 9 saw inflows totaling $1.48 billion last week alone, pushing total year-to-date (YTD) inflows to a record $13.7 billion, close to triple that of last 10 largest weekly ETPs inflows on record: $5.95B @Bitcoin saw its largest weekly inflows on record totalling US$3.55B, with @solana also breaking its record, at US$706.5M. @ethereum saw inflows totalling US$1.48B whilst XRP ( @Ripple ) also saw substantive inflows of US$219.4M.… 11 — CoinShares (@CoinSharesCo) October 6, 2025 And it’s possible that ETH ETFs will only get busier in the coming months, with major asset manager Grayscale filing today to add staking to its Ethereum 12 Rusher, founder of RAAC, a real-world asset borrowing and lending ecosystem, argues that Ethereum’s days below $5,000 may soon be over. “ While the crypto market is experiencing a short-term sell-off after ETH hit close to all-time high over the weekend, the market returns for ETH have been eye-popping over the medium term ,” Rusher 13 with staking yields and institutional adoption, such conditions could create what he calls “fiery demand” for ETH. $4,800 Resistance Tested Again: Can ETH Break Through to $7K-$10K?
On the technical front, the weekly Ethereum chart shows a key inflection point as price once again tests the major resistance zone around $4,800, a level that has rejected ETH multiple times since 14 repeated tops near this region form a broad triple-top pattern, indicating heavy supply pressure just below the all-time 15 current move has pushed Ethereum above the 78.6% Fibonacci retracement level, suggesting the market is attempting to complete a full cycle toward the 100% extension near $4,917.
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