Analysts are predicting that Ether is undervalued and should be trading above $8,000 now, as the global M2 money supply has reached a record high of $95.58 trillion. This increase in liquidity indicates a likely rise in capital inflow to riskier assets like cryptocurrencies. Analyst TedPillows stated that the current price of ETH does not reflect the growth in M2 supply. Eric Trump echoed this sentiment by agreeing with the assessment. A pseudonymous analyst predicted an ETH price target of $8,000, potentially rising to $13,000, based on technical analysis. Additionally, as Bitcoin's market dominance has fallen below 60%, the largest altcoin, Ether, has seen a price increase of 77% in the same timeframe. Historical trends suggest that declines in Bitcoin dominance often lead to significant rallies in Ether's price, supporting current bullish forecasts for ETH in 2025.

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