Ethereum ($ETH) Price Expected to Surpass $10,000 Due to Surge in Demand… ETF Net Purchases Amount to 2.78 Trillion Won

As Ethereum (ETH) has surged by over 65% in the recent month, continuing its strong trend, industry experts are forecasting that future demand shock could push the price to $10,000 (approximately 13.9 million won). Matt Hougan, Chief Investment Officer (CIO) of Bitwise, explained on July 22nd via social media that "the significant rise in Ethereum price is driven by explosive demand from exchange-traded products (ETPs) and corporate treasury departments." Ethereum demand, which was relatively quiet until the first half of this year, has dramatically reversed as spot ETH ETFs have begun to actively absorb assets. According to Bitwise data, since May 15th, ETFs and companies have net purchased 28,300 Ethereum (ETH), approximately $1 billion (about 1.39 trillion won), which is 32 times the new issuance volume during the same period. Hougan stated, "As the investment proportion in Ethereum is still low compared to Bitcoin (BTC), this demand is expected to expand further," and predicted that "stablecoin regulation introduction and real asset tokenization market expansion will drive ETH demand." He further analyzed that "over the next year, ETP and corporate demand alone is expected to purchase 53,300 ETH (about $2 billion, approximately 2.78 trillion won), while network issuance during the same period will be around 80,000 ETH, meaning demand will exceed supply by 7 times." This bullish sentiment is also shared by Arthur Hayes, former BitMEX CEO and known Ethereum optimist. Through his recent blog, he stated, "The upcoming Ether rally will completely shake the market" and predicted that ETH price could reach $10,000 by the end of the year. In fact, funds flowing into ETFs recently significantly exceed ETH's net issuance, even on a daily basis. As of July 23rd, approximately 2,468 ETH (about $3.2 million, around 4.45 billion won) was issued, while 143,905 ETH (about $53.4 million, approximately 74.3 billion won) flowed into ETFs, which is 58 times the network issuance. Currently, ETH is trading at around $3,720 (approximately 5.16 million won) and has been hovering around the short-term resistance level of $3,800 (about 5.28 million won) after being blocked three times. Nevertheless, it has drawn market attention by showing a 67% increase since mid-June, surpassing Bitcoin's performance, which is interpreted as a signal that Ethereum is preparing to move towards higher peaks.