The Ethereum advocacy group said its revised $250,000 target is based on Ethereum price capturing the roughly $31 trillion currently held in gold and Bitcoin.
Etherealize, a group set up to pitch Ethereum to institutions, has lowered its long-term price target for Ethereum price to $250,000, cutting it sharply from the $700,000 figure it floated last year.
In an X article published on Tuesday, April 21, Etherealize argues that ETH▼$1,787.47 could eventually absorb the combined “monetary premium” now sitting in gold and Bitcoin.
- Using an estimated $31 trillion total and dividing it by roughly 121 million ETH in circulation, the group arrives at a value north of $250,000 per coin.
But last year, the same group floated in the June 2025 report called “The Bull Case for ETH” a much higher $700,000 target. This time, the figure is lower, with no clear explanation for the shift, even as the underlying thesis, ETH capturing value from gold and Bitcoin, remains unchanged.
- Vivek Raman and Danny Ryan, who lead Etherealize’s push into institutional markets, have several times pointed to a multi-trillion-dollar trajectory for Ethereum.
- Earlier this year, for instance, they said ETH could reach around $15,000 by 2027, driven by growth in stablecoins and tokenized assets moving on-chain.
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Why They Think Ethereum Price Can Go Higher
The heart of the argument is that ETH shouldn’t be viewed the same way as a normal crypto or Bitcoin.
As the report puts it, “For most of financial history, you had to choose. You could hold money (stable, unproductive) or invest it into productive assets (risky, wealth-generating). The two categories were mutually exclusive.” Ethereum, it argues, “dissolves this distinction.”
Etherealize says Ethereum behaves like money people can hold, but also like an asset that can generate returns through staking.
The idea is that gold just sits there. Bitcoin also mostly just sits there. But ETH can be locked up to earn roughly 2% to 4% a year depending on where and how staked.
To make that case feel less theoretical, the report points to activity already happening on Ethereum.
The report notes the network settled more than $18.8 trillion in stablecoin transfers in 2025, a figure larger than Visa’s annual payment volume. It also notes more than 65% of tokenized real-world assets are issued on Ethereum, while about 32% of the ETH supply is already locked in staking.
Read more: 200 Million Transactions: Why Record Ethereum Activity Isn’t Lifting ETH’s Price
