7-7-2025 – Prominent trader Eugene has reversed his bearish stance on Ethereum (ETH), predicting a significant price surge this week, first reported by Crypto Insider. After swearing off ETH following its April 2025 crash from $4,000 to $1,300, Eugene now cites favorable market conditions and regulatory developments as catalysts for ETH’s potential rebound.
Eugene’s trading records reveal a strategic pivot, driven by ETH’s evolving role as a cornerstone for stablecoins, which account for over 90% of total value locked on its blockchain. He credits analysts like Tom Lee for boosting institutional confidence in ETH, particularly as U.S. stablecoin legislation fuels traditional finance interest.
The ETH/BTC ratio, which hit a multi-year low of 0.018 in April, could climb to 0.044 if ETH regains its historical high—an 85% increase—potentially aligning with September 2024 levels. Despite ETH’s lighter market positioning and reduced trader interest compared to developers, Eugene sees momentum building.
He notes that ETH historically outperforms in bull markets, especially if Bitcoin exceeds $110,000, signaling a broader crypto rally. The combination of institutional adoption and stablecoin growth positions ETH as a compelling medium- to long-term investment, prompting Eugene to adjust his portfolio significantly. Investors should monitor ETH’s price action and regulatory updates this week for signs of a sustained rally.
