Ethereum co-founder Joseph Lubin predicts a 100x ETH rally in the transition from TradFi to DeFi, potentially surpassing Bitcoin’s monetary base. Wall Street is expected to stake Ether due to its decentralized infrastructure, with Lubin emphasizing the need for Ethereum to operate like a traditional finance company.

Lubin, in agreement with Tom Lee, asserts that ETH will outperform current projections and become the top decentralized trust commodity. Lee also predicts a short-term rally to $5,500 and a year-end target of $12,000 for Ethereum, highlighting its importance in securing the next layer of the internet.

Stablecoin supply on Ethereum has hit an all-time high, surpassing $160 billion, indicating strong demand for ETH. The current price hovers around $4,400, with potential to reach $4,500 if it breaks through key resistance levels. Technical analysis suggests a bullish trend, with $4,700 as a critical level to watch.

Eneko Knorr of Stabolut suggests Ethereum may consolidate around $4,000 before attempting to reach its previous all-time high near $4,900. Technical indicators point to a potential rally towards $4,700 and beyond $5,000 if momentum holds. Failure to sustain above key support levels could lead to a price correction back to $4,100.

Read more at Yahoo Finance: Ethereum Co-Founder Joe Lubin Predicts 100x ETH Rally as Wall Street Adopts DeFi