CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data

  • CONTACT
  • MARKETCAP
  • BLOG
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data
  • BOOKMARKS
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Coinbase
    • Mining
    • NFT
    • Stocks
Reading: Decoding Ethereum’s role as ‘a store of value’ – Can ETH hit $3.2K soon?
Share
You have not selected any currencies to display
CoinRSS: Bitcoin, Ethereum, Crypto News and Price DataCoinRSS: Bitcoin, Ethereum, Crypto News and Price Data
0
Font ResizerAa
  • Blockchain
  • Crypto
  • Market
  • News
Search
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Coinbase
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data > Blog > News > Decoding Ethereum’s role as ‘a store of value’ – Can ETH hit $3.2K soon?
News

Decoding Ethereum’s role as ‘a store of value’ – Can ETH hit $3.2K soon?

CoinRSS
Last updated: July 10, 2025 5:00 am
CoinRSS Published July 10, 2025
Share

Contents
Key Takeaways Market reactions

Key Takeaways 

  • Fidelity views ETH as a store of value, similar to the currency of emerging economies. ETH briefly flipped BTC in trading volume and speculative interest. 

 

Ethereum [ETH] has the full attention of Wall Street, with asset manager firm Fidelity now viewing ETH as a store of value (SoV) and wealth preservation alternative.   

In its latest report, the asset manager stated, 

“Ether is used to pay for any transaction on the Ethereum blockchain, regardless of the type of transaction…Ether can serve as a medium of exchange and a store of value.”

Fidelity added that blockchains have an embedded currency (ETH for Ethereum network), hence should be compared to sovereign nations and their economies, and not Web 2 firms. 

The firm also highlighted that ETH is the most actively traded asset on exchanges and also acts as ‘the primary asset to borrow against.’

Market reactions

The above update has been viewed as relief and a vote of confidence in ETH. In 2024, ETH suffered a massive market disconnect and divergence from BTC. 

At that time, the altcoin was under intense pressure for not being a SoV like BTC. It dropped nearly 70% against BTC and has lagged behind even Solana [SOL].

So, the Fidelity’s report was welcomed, especially by pro-ETH members. 

Reacting to the report, Sassal, an Ethereum educator, termed it ‘bullish,’ stating that ETH is undervalued. 

“ETH is a $100 trillion asset trading at $316 billion.”

Most recently, analysts have made bullish projections for ETH amid an expected stablecoin boom and internet capital markets (on-chain stocks). 

Following the Fidelity update, ETH sentiment climbed higher to ‘greed’ level and pumped 2.8% to $2.6K.

Overall, the growing positive sentiment has since triggered ETH to flip BTC in daily trading volume and speculative interest, per CoinGlass data.

EthereumEthereum

Source: CoinGlass

Notably, at press time, ETH’s Open Interest (OI) rate jumped 7% against BTC’s -0.18%. This underscores the massive demand for ETH on the Futures market. 

Over the same period, the derivatives trading volume surged to $59 billion, about $3 billion more than BTC. If the trend continues, ETH could outperform BTC in the near term, in terms of investor returns. 

That said, the market skew for end-quarter 3 (Q3) was bullish with a Put/Call Ratio of 0.44, underscoring a premium for calls (bullish bets) over puts (bearish bets). 

EthereumEthereum

Source: Deribit

Most of the bullish targets were at $2.8K and $3.2K with a max pain (potential floor price, where options contracts expire worthless) around $2K. 

Overall, ETH could still be subdued below $3K in Q3, but options traders were still betting for a potential breakout. 

Next: AAVE flips Lido across ALL metrics – But is this just round one?

Source link

You Might Also Like

Malware Campaign Targets Crypto Wallets With Fake PDF Conversion Software

Ethereum DApps are thriving with $1B in fees, but what about ETH’s price?

THIS is how Dogecoin can lead the memecoin market comeback

BNB defies market chaos: THIS on-chain spike could explain why

Dogecoin’s downward spiral – Can whale accumulation save the memecoin’s price?

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Copy Link Print
Previous Article Solana Meme Coin Launchpad Pump.fun Confirms PUMP Token—With Airdrop ‘Coming Soon’
Next Article AAVE flips Lido across ALL metrics – But is this just round one?
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Socials
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
FLOKI price prediction – A 30% rally may be next, but what’s fueling it really?
BTC Price will Hit $100K before Bitcoin Sweeps $30K Lows
Crypto Bahamas: Regulations Enter Critical Stage as Gov’t Shows Interest

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data coin-rss-logo

We influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad imageAd image
© CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?