Nikita outlined reasons why Ethereum may be far from its cycle highs and why its fair value could exceed $6,000.

Core arguments supporting a higher Ethereum price

Nikita notes that Ethereum has already risen fivefold from a cycle low of $1,000 to $5,000, yet he expects a further move toward $10,000+.

• Tokenization: 12 billion out of 18 tokenized on‑chain assets across blockchains are on Ethereum, implying growing demand as tokenization expands.
• Stablecoins: Ethereum and L2 networks serve as the base for 50% of the stablecoin market, which could increase with new regulation such as the Genius Act.
• DeFi infrastructure: Ethereum currently controls roughly 63% of the DeFi market, supplying the primitives needed for RWA and stablecoin trading.
• Decentralization: Ethereum is described as the most decentralized PoS chain by tenure and validator count, a factor in corporate blockchain adoption classifications.
• Exchange integration: Ethereum has begun integration with traditional capital markets through approved exchange trading products, marking a structural shift.
• Institutional demand: Funds such as Sharplink Gaming are reported to deploy billions buying Ethereum at an average of $3,500, and similar large purchases were attributed to Donald Trump earlier this year.
• Developer ecosystem: Over 70% of crypto development reportedly uses Ethereum’s tooling and Solidity, reinforcing network effects around the protocol.

Market context and macro drivers

The argument notes that liquidity often flows from large caps to smaller assets, so a sustained Ethereum advance could prime investors to take risks on altcoins, benefiting diversified portfolios.

Nikita also points to expected U.S. monetary easing beginning in December, anticipated rate cuts, pre‑election fiscal stimulus toward 2026, and promised direct fiscal measures as additional tailwinds for risk assets.

Conclusion

Even for holders who do not keep Ethereum, understanding the case for a higher ETH price is important because its appreciation may signal broader risk appetite across altcoin markets.