Eric Jackson, founder of EMJ Capital, predicts that Ethereum (ETH) could rise to $1.5 million per token over time, driven by the approval of Ether staking ETFs and the blockchain's growing adoption by major financial companies. Jackson argues that ETH is currently underpriced and that the expected approval of staking could lead to significant price increases. Despite misconceptions that Ethereum has already priced in ETF approvals, he believes the real catalysts are still forthcoming. He states that if significant businesses continue to utilize the Ethereum network and if cryptocurrency commerce expands, the token's value will rise dramatically. Jackson's predictions suggest a base case of $10,000 by the end of the current cycle and a more optimistic projection of $15,000 if certain adoption metrics are met, potentially making ETH a '100-bagger.' As of now, Ethereum is trading around $3,040, with recent price movements following Bitcoin's surge to new highs.

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