Ethereum (ETH) Could Skyrocket by Nearly 70% to Reclaim Its All-Time High, Analyst Guy Turner Says

The Pectra upgrade, expected in 2025, is a two-part hard fork designed to improve Ethereum's speed, scalability, and usability.

Cryptocurrency YouTuber Guy Turner has shared his thoughts on the future of Ethereum (CRYPTO: ETH) with his 2.53 million followers.

Turner believes that ETH could reach its all-time high in 2025, following the anticipated Pectra upgrade.

The Pectra upgrade is a two-part hard fork that is expected to hit the Ethereum mainnet in 2025.

According to Binance, the changes will allow gas fees to be paid with any digital asset, offer larger rewards to bigger validators, and enhance the Ethereum Virtual Machine (EVM).

Turner believes these improvements could be the catalyst that ETH needs for a breakout, which could be helped by institutional investors.

“ETH has been desperate for a breakout for quite some time. This could be the spark it needs,” Turner said.

At the time of writing, ETH is trading at $2,902, which is up by 2% over the past 24 hours.

The cryptocurrency’s all-time high was approximately $4,900 in November 2021. A return to that level would mark a 68% increase from its current price.

The Potential Surge In Value Aligns With Broader Market PredictionsA recent note from Standard Chartered predicted a four-fold increase in the digital assets market cap by the end of 2025.

This prediction is driven by expectations of shifting regulatory landscapes and mainstream adoption, which aligns with Turner’s 2025 projection.

Another well-known analyst, Ali Martinez, is also bullish on ETH, with a strategy that appears to be geared towards a breakout.

Martinez's strategy includes setting a stop-loss below $1,880 and targeting a take-profit price of $6,000, which would also indicate bullish sentiments.

These developments come amid discussions about the potential impact of the Bitcoin Act, which could massively reshape the U.S. economy by designating Bitcoin (CRYPTO: BTC) as a strategic reserve asset.

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