Ether’s price may reach $12,000 this year, representing a 257% increase from its current trading price of about $3,361, driven by the impact of Donald Trump's presidency and an upcoming Ethereum network upgrade called Pectra. Derive's head of research, Dr. Sean Dawson, indicated that a supportive regulatory environment under Trump could further enhance Ether’s growth potential. The Pectra upgrade aims to improve Ethereum's scalability and efficiency, contributing to its broader adoption, particularly in sectors like real-world assets and AI. Although Ether’s price has stabilized around $3,500 since December, the options market shows a bullish sentiment, with a significant skew towards call options. However, Dawson warned of potential declines below $2,000 if institutional interest does not materialize for Ethereum ETFs. He also noted that Ether faces competition from other blockchains that could challenge its market share. Long-term holders of Ether have increased, suggesting growing confidence among investors.

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