ETH Just 3% From All-Time High: Analysts See $80K Ahead

• ETH trades near $4,729, just shy of its November 2021 peak of $4,891
• Tom Lee raises target to $16,000; Vivek Raman sees potential for $80,000
• Raman envisions ETH as $10 trillion “digital oil” powering global transactions

Ethereum is knocking on the door of a new all-time high, with its price now hovering around $4,729, just 3% shy of its all-time high of $4,891 set on November 16, 2021. The crypto has already surged more than 80% over the past year, fueled by investor confidence and growing use cases across the blockchain space.

BitMine chairman Tom Lee recently raised his price target from $10,000 to $16,000, while Etherealize CEO Vivek Raman has gone even further. Raman says Ethereum could evolve into a core part of the world’s financial and non-financial infrastructure, the “digital oil” powering global transactions. His vision places ETH as a potential $10 trillion asset, translating to a staggering $80,000 per coin in the long term.

In an interview with Coinage, he said, “I think we have to dream a lot bigger. I think we’re building the infrastructure for the whole global economy.”

According to Raman, the market often underestimates Eth…

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