- Eric Trump supports analyst calls for ETH at $8K, citing undervaluation amid record $95.6T global M2 liquidity.
- ETH/BTC ratio jumped 40% in a month as Bitcoin dominance fell to 60%, echoing past altseason trends.
- Analysts forecast ETH between $8K–$13K, driven by Wyckoff patterns, ETF inflows, and strong institutional accumulation.
Ethereum is gaining fresh support after Eric Trump backed a bold $8,000 price projection for the asset. His comment came in response to analyst TedPillows, who stated ETH should already be trading above that level based on macro liquidity indicators.
Eric, co-founder of World Liberty Financial, replied with a simple “Agreed,” amplifying the narrative around Ethereum’s undervaluation amid surging global money supply. This support emerges as global M2 money supply, tracked across the U.S., Eurozone, Japan, U.K., and Canada, rose to a record $95.6 trillion.
The increase is a surge in dollar adjusted liquidity across major economies. Analysts suggest this liquidity influx is creating conditions that favor higher crypto valuations, with Ethereum at the forefront.
Liquidity Wave Aligns With Delayed Ethereum Reaction
Analyst TedPillows linked Ethereum price movement to the Wyckoff accumulation pattern, pointing to a lag in ETH’s response. According to his assessment, current liquidity levels should have already pushed Ethereum past the $8,000 mark.
He added that the crypto’s price action is tracking behind M2 growth, emphasizing the argument for a substantial move ahead. Eric Trump’s agreement with this analysis has added weight to the liquidity outlook.
The correlation between macro liquidity and Ethereum’s price trends has drawn growing institutional interest. That trend aligns with recent inflows into Ethereum focused exchange traded funds, showing increasing appetite from large investors.
Analysts Place ETH Value Between $8K and $13K
While TedPillows presented $8,000 as a fair value estimate, analyst Wolf provided a broader range. Wolf’s technical projections placed $8,000 as a conservative floor and $13,000 as a bullish top. He noted ETH strengthening structure and the pace of institutional adoption as drivers for the forecast.
By late July, Ethereum had surged over 77% since June, tracking closely with declining Bitcoin dominance. Wolf’s outlook also referenced BitMine’s Ethereum reserves, now exceeding $2 billion. He argued these holdings support a long term value case aligned with current liquidity conditions.
Ethereum Gains as Bitcoin Dominance Drops
Ethereum’s upward movement has coincided with a sharp drop in Bitcoin dominance, now at 60%, down 8.5% in under a month. This drop similars trends from 2017 and 2021, periods when Ethereum rallied aggressively as BTC lost ground.
The ETH/BTC ratio has jumped 40% over the past month. Additionally, Ethereum ETFs have seen stronger inflows than their Bitcoin counterparts for seven straight days. These movements suggest changing investor focus toward ETH in a changing market environment.
