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Dan Tapiero, CEO of 10T Holdings, stated that Ethereum’s (ETH) current market value is lower than it should be. He conveyed this message to his 120,000 followers on the social media platform X, predicting that the growth of decentralized finance (DeFi) projects built on the blockchain will increase Ethereum’s value.
Trump’s Crypto Policies
U.S. President Donald Trump, expected to take office in January 2025, announced plans to remove SEC Chairman Gary Gensler. Gensler is known for his anti-crypto stance, which has sparked discussions in the crypto markets.
Ethereum’s Potential Growth and Predictions
Tapiero anticipates that Ethereum 
$2,499 could rise by 171% from its current levels. According to him, Ethereum’s extensive ecosystem and high network usage are supportive factors for this price increase. A chart shared by Tapiero highlights that ETH has maintained its 100-day moving average as support, indicating a positive signal.
Benjamin Cowen’s ETH/BTC Commentary
Analyst Benjamin Cowen mentioned he revised his previous prediction that Ethereum could drop to its logarithmic trend line. He indicated that his forecast may lose validity if the ETH/BTC pair exceeds certain levels.
“Ethereum is very cheap right now. It could rise from these levels. The period where Gensler suppressed the DeFi sector in the U.S. from 2022-24 is over. DeFi has a clear path ahead in the U.S. Next year, ETH might see $4,000 or even $8,000.” – Dan Tapiero
“I will monitor ETH/BTC here. If it crosses the 50-day moving average (around 0.039 BTC), we may have seen the bottom.” – Benjamin Cowen
At the time of writing, the ETH/BTC pair is trading at 0.03864 BTC, showing a 7.33% increase over the past 24 hours. Diverse opinions on Ethereum create a dynamic landscape in the crypto market. Tapiero’s optimistic views suggest that Trump’s crypto-friendly policies could positively impact the DeFi sector. Cowen’s cautious stance highlights the volatile nature of the market, emphasizing the importance for investors to make informed decisions based on these varied perspectives.
