John Deaton, a crypto lawyer and former Republican Senate candidate in Massachusetts, has publicly praised Ethereum (ETH)’s price growth potential and has leaned Altcoin for a substantial short-term profit. XRP enthusiasts predict that ETH will reach a price valuation of $10,000 in the current market cycle, citing strong institutional influx and strategic accumulation by the Ethereum Treasury as the main bullish catalyst.
Ethereum rides on the Ministry of Finance’s accumulation and ETF inflows – Deaton
In particular, Deaton’s confidence vote for Ethereum was in response to an X-post by ETF analyst Nate Geraci. According to Geraci, the Spot ETH ETF recorded an inflow of $340 million on Friday, contributing to a net inflow of $2.8 billion in August alone. In contrast, Bitcoin ETF saw a $1.2 billion outflow over the same period. Since the beginning of July, Spot ETH ETF has attracted $8.2 billion inflows compared to the $4.8 billion in Bitcoin ETF.
Deaton explains that these flows highlight the Ethereum’s enhanced investment case and reflect commentary from Tom Lee, Chief Investment Officer of ETH financing company FundStrat and chairman of Bitmine ($BMNR). Lee previously supported the possibility of mainstream adoption of ETH, citing the possibility of creating a “ChatGpt Moment” for Stablecoins, as seen in Generation AI, following recent policy developments, particularly the Genuis Act.
Yesterday’s $340 million inflows w/ $ w/ w/ spot ETH ETF…
Previous August:
Spot ETH ETFS = $2.8 billion inflow
Spot BTCETFS = $1.2 billion *Out of water *
From the beginning of July:
Spot ETH ETFS = $8.2 billion inflow
Spot BTC ETFS = $4.8 billion inflow
Notable recent shifts.
-NateGeraci (@nateraci) August 23, 2025
Meanwhile, John Deaton also noted the broader trend of companies at the Ethereum Treasury to actively accumulate ETH. This includes companies led by industry figures such as Lee (Bitmine), Joseph Lubin (Sharplink), and Andrew Keys (Ether Machine). Deaton suggested that the adjusted accumulation of Ethereum reserves by these companies reflects a strategic bet on the central role of ETH in the evolving digital asset economy. Deaton, acknowledged Lee’s potential bias in his “Stablecoin” commentary, a stakeholder in the ETH market, emphasized that it is difficult to ignore institutional and corporate accumulation patterns.
The crypto attorney said:
As some people have suggested, I’m not sure if ETH can drive this cycle over $20,000, but there’s a continuous influx shown below. @ethereumjoseph, @ak_ethermachineTom Lee and others have accumulated ETH in ETH Treasury companies, so $10,000 appears to be quite foreseeable in the future of ETH.
ETH Price Overview
At press time, Ethereum will trade at $4,775 after an increase of 1.91% over the past day. However, Altcoin maintains green performance in a larger time frame, reflecting profits of 7.28% and 23.98% on weekly and monthly charts, respectively. Its market capitalization is $576 billion, and ETH continues to rank as the world’s second largest cryptocurrency and the 22nd largest asset.
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