Ethereum Could Surpass $4,000 in 2025, Says Galaxy Digital’s Mike Novogratz

Ethereum is back in the spotlight as Galaxy Digital CEO Mike Novogratz reaffirms his bullish forecast for the world’s second-largest cryptocurrency. Despite recent price resistance around the $3,800 level, Novogratz believes Ethereum (ETH) is poised to break through and end 2025 above the $4,000 mark, entering what he calls “price discovery mode.”

With Ethereum trading between $3,000 and $4,000 at the start of August, investors are closely watching both technical patterns and macroeconomic conditions. Novogratz’s commentary adds new weight to the growing consensus that Ethereum could be a leading asset in the next leg of the crypto bull cycle.

Read Also: ETH to USD: Convert Ethereum to US Dollar

Key Takeaways

• Galaxy Digital CEO expects Ethereum to end 2025 above $4,000
• Novogratz dismisses bearish "quadruple top" fears, views it as a pre-rally setup
• Institutional adoption of ETH is rising as companies add it to balance sheets
• Bitcoin remains strong, with Novogratz setting a $150,000 target for this cycle
• Inflation and rate cut expectations under Trump administration seen as tailwinds for crypto

Not a Top, But a Takeoff?

Ethereum’s recent price action has sparked debate among analysts, with many pointing to a “quadruple top” as a bearish signal. But for Novogratz, it’s just noise.

“We’re in the $3,000–$4,000 zone now, but my instinct says we’ll be above $4,000 by year-end, not below $3,000,” he posted on social media. According to the Galaxy Digital CEO, these kinds of patterns often precede short-term corrections before a breakout rally, especially in strong uptrending markets.

ETH on Corporate Balance Sheets: The Next Catalyst?

One of the more compelling arguments Novogratz puts forward is the growing trend of institutional ETH accumulation. Just as Bitcoin began appearing on corporate balance sheets in 2021 and 2022, Ethereum now seems to be following a similar path.

Should Ethereum break above the $4,000 resistance zone, Novogratz believes the asset could enter “price discovery.” In this phase, historical price ceilings become less relevant, and assets tend to move rapidly in response to supply-demand dynamics.

Read Also: How to buy Ethereum (ETH)

ETH vs BTC: Rotation or Coexistence?

While Novogratz remains confident in Bitcoin’s long-term trajectory, he also suggested Ethereum could outperform BTC over the next three to six months. This belief is based on Ethereum’s expanding utility, from staking and decentralized finance (DeFi) to tokenized real-world assets and enterprise adoption.

In his CNBC appearance earlier this year, Novogratz even hinted that “Ethereum has more levers to pull” when it comes to institutional integration and application development.

Macro Backdrop Adds Fuel

Novogratz’s bullish call isn’t limited to Ethereum. He’s also forecasting a major move for Bitcoin, with a cycle top near $150,000.

His reasoning? A macroeconomic landscape favoring hard assets. With rising expectations for U.S. interest rate cuts under President Donald Trump and renewed economic stimulus in China, the inflation narrative is back in focus. That’s good news for crypto, he argues, alongside traditional hedges like gold and silver.

Ethereum’s programmable structure, combined with its staking yield and deflationary mechanisms via EIP-1559, makes it especially attractive in a low-yield, inflationary world.

Final Thoughts

Ethereum’s path toward $4,000 is not guaranteed, but the momentum is building. Technical resistance remains, but with influential figures like Mike Novogratz backing its long-term prospects and institutions starting to view ETH as a balance sheet asset, the foundations for a breakout are clearly in place.

As we head into the latter half of 2025, Ethereum may once again prove it’s more than just a Bitcoin alternative—it could be the market leader in its own right.

Read Also: Ethereum (ETH), Market Cap, Price Today & Chart History

FAQs

What is Mike Novogratz’s Ethereum price prediction for 2025?

Novogratz believes Ethereum will end 2025 above $4,000 and may enter a new price discovery phase if it breaks that level.

Why does Novogratz dismiss the “quadruple top” pattern?

He views it as a temporary resistance structure that often precedes a breakout, especially in strong markets, rather than a long-term bearish setup.

What factors are driving Ethereum’s bullish outlook?

Institutional accumulation, staking growth, macroeconomic tailwinds, and Ethereum’s ecosystem expansion are all contributing to bullish sentiment.

How does Novogratz view Ethereum vs Bitcoin in 2025?

While bullish on both, he suggests Ethereum could outperform Bitcoin over the next 3–6 months due to its wider range of use cases and stronger institutional momentum.

Could Ethereum hit new all-time highs in 2025?

If it clears the $4,000 level convincingly, many analysts believe Ethereum could retest or surpass its previous all-time high of $4,878, with room for further upside.