If the Ethereum price reaches the silver market cap, this is the target price.
After a recent spike, the price of Ethereum has been erratic over the last two weeks. It is now almost 85% higher than its lowest point of the year and has remained between the support and resistance levels of $2,400 and $2,700 during this period. If ETH’s market capitalization is equal to that of silver, this article projects the price target.
Ethereum Price Target
Bitcoin is often referred to as “digital gold,” and many analysts draw a similar comparison between Ethereum and silver.
Over the past 16 years, Bitcoin’s market capitalization has surged to over $2.2 trillion. If this growth trajectory continues, Bitcoin could surpass gold’s current market cap of $22 trillion within the next decade. To achieve this, Bitcoin would need to reach approximately $1.046 million per coin—still below Ark Invest’s ambitious target of $2.4 million.
Historically, gold and silver have maintained a correlated relationship. In a similar vein, if Bitcoin eventually matches gold in market value, Ethereum could follow a comparable path and potentially mirror silver’s market position.
At present, Ethereum’s market cap stands at around $303 billion, while silver is valued at approximately $1.88 trillion, ranking as the eighth-most valuable asset globally—behind only gold, Microsoft, NVIDIA, and Apple.
Given Ethereum’s circulating supply of approximately 120.42 million ETH, its price would need to reach about $15,611 to match silver’s market cap of $1.8 trillion.
However, this estimate is based on silver maintaining its current price of $33 per ounce, which could change. If silver’s price drops and Ethereum experiences significant growth, ETH could surpass silver in value at a lower price point than projected.
Can the price of ETH reach $15,610?
For Ethereum’s market capitalization to reach $1.8 trillion, its price must increase by 525%. The crypto business has the potential to see such a large expansion. For instance, ETH’s price has already increased by more than 3,000% since it was at its lowest point in 2018, suggesting that a trigger may cause it to grow by 525%.
Recently, the prices of XRP and XLM surged by nearly 500% in November, while tokens like ETHFI and Maple Finance’s SYRUP have posted gains of over 300% in recent weeks.
For Ethereum to experience a similar 500% increase, multiple key catalysts would be required. First, Bitcoin would need to break out decisively and rally toward the $200,000 mark. Historically, Ethereum and other altcoins tend to perform strongly only when Bitcoin is in a sustained uptrend.
Second, Ethereum would need to attract significant inflows into its exchange-traded funds (ETFs), signaling growing institutional interest. One potential driver for such inflows would be regulatory approval from the SEC to permit staking within ETFs.
Third, Ethereum must see increased participation in its staking ecosystem. Despite having a staking market cap of $84 billion, Ethereum’s staking ratio stands at just 27%—well below that of competitors like Solana (65%), Sui (75%), and Cardano (60%). Greater inflows into staking could help tighten supply and support price growth.
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