Mon Jul 14 10:50:00 UTC 2025: **News Article:**

**Ether Could Soar to $1.5 Million, Claims EMJ Capital Founder**

**New York, NY** – Ether (ETH), the second-largest cryptocurrency by market capitalization, could experience a meteoric rise, potentially reaching $1.5 million per token, according to Eric Jackson, founder of EMJ Capital. Jackson’s bullish prediction hinges on the anticipated approval of Ether staking exchange-traded funds (ETFs) in the United States and the increasing adoption of the Ethereum blockchain by major financial companies.

In a series of X posts on Sunday, Jackson argued that the ETH network is currently undervalued and poised to become the dominant transaction rail in the crypto space. He believes the approval of staking ETFs, expected before October, would transform Ether from “digital oil” into an “institutional-grade yield product,” further bolstering its deflationary tokenomics.

While spot Bitcoin ETFs have seen significant trading volume since their launch, Ether ETFs have lagged behind. Jackson contends that the real catalyst for ETH is yet to come. The approval of staking ETFs will introduce new flows from traditional finance and increase demand for staking, potentially triggering a “10-bagger plus move” in the coming years.

Jackson highlighted the growing usage of the Ethereum network by companies like Circle, Coinbase, Shopify, and Robinhood as further evidence of Ether’s potential. He believes that if a significant portion of commerce transitions to ETH, a price target of $1.5 million is achievable over time.

While $1.5 million is his long-term “moonshot” prediction, Jackson’s firm’s “base case” projects Ether hitting $10,000 by the end of the current market cycle in March 2026. A “bull case” scenario, contingent on higher-than-expected adoption of Layer-2 blockchains and ETH inflows following staking approval, could see the token reaching $15,000.

Jackson also notes that if decentralized finance(DeFi), stablecoins, or Layer 2 networks become increasingly adopted, ETH could see a further surge in value.

As of Monday, Ether was trading around $3,040, showing an increase in value of 2.8% in the last 24 hours, aligning with Bitcoin’s recent surge, which reached a peak of $120,000.

The SEC approved Ether ETFs in July 2024, and the market is awaiting the decision about approving staking products.

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