Ethereum has been one of the most important investments in my crypto journey. I started accumulating ETH years ago, held it through multiple cycles, and even at some point I was holding about 12 ETH. Over time I sold portions at different prices.
Today I hold 2 ETH, which I actively use in our Terramatris Ethereum strategy of trading covered calls on Ethereum. Despite trading around my position, I have a simple long-term rule:
I will not let Ethereum go before it reaches $10,000.
And if my options get challenged — I will roll them up and out.
Let me explain why.
Trading Ethereum Covered Calls — The Biggest Risk
Within the Terramatris fund, I’ve been generating income by selling covered calls on Ethereum.
The strategy is simple:
- Hold ETH
- Sell call options against it
- Collect premium income
This approach works well in sideways or slowly rising markets. The option premium generates steady income while the asset is held.
But it has a major drawback:
Capped upside.
If Ethereum suddenly rallies far above the strike price, the position risks getting called away. That is exactly what I want to avoid.
If ETH moves aggressively higher and threatens my strike price, my plan is simple:
- Roll the option up (to a higher strike)
- Roll the option out (to a later expiration)
This may cost some premium or reduce income temporarily, but the goal is clear:
Protect the ETH position.
Because my long-term thesis is that Ethereum eventually trades at $10,000 or more.
Why $10,000 ETH Is Not Impossible
Today Ethereum trades around $2,125. Its historical all-time high is close to $5,000, reached during the previous bull cycle. That means $10,000 is essentially a 2× move from the previous peak. In crypto terms, that’s not unrealistic at all.
Many assets in this market have exceeded their previous highs by much larger multiples in new cycles.
Scenario 1 — Bitcoin Drives the Market
One simple way Ethereum could reach $10K is through a Bitcoin-led bull market.
Historically, Ethereum’s price tends to follow Bitcoin with some lag, and the BTC/ETH ratio fluctuates based on market cycles.
Let’s imagine the following scenario:
- Bitcoin reaches $250K – $300K
- ETH trades at a BTC ratio of ~0.03–0.04
That alone could push Ethereum toward $7K–$12K territory.
This scenario is not unrealistic if Bitcoin continues to attract institutional capital, ETFs, and sovereign investors.
Scenario 2 — Ethereum Decouples From Bitcoin
Another possibility is that Ethereum eventually lives its own life.
Unlike Bitcoin, Ethereum is not just a store of value.
It is:
- A programmable blockchain
- The foundation of DeFi
- The main infrastructure for tokenization and smart contracts
After the Ethereum Merge, the network switched to proof-of-stake and dramatically reduced energy consumption and issuance of new coins.
These structural changes strengthened Ethereum’s long-term fundamentals.
If the network continues evolving — scaling solutions, tokenized assets, real-world finance integration — Ethereum may no longer simply follow Bitcoin.
It could become its own macro asset class.
My goal is to hold at least 10 ETH by the time Ethereum reaches $10,000.
When Could Ethereum Reach $10,000?
My realistic timeframe:
3–5 years from today.
That would place the potential target around 2028–2030.
For this to happen several things likely need to improve:
- Continued adoption of Ethereum infrastructure
- Expansion of DeFi and tokenized assets
- Institutional participation
- Growth of the overall crypto market
- A major Bitcoin cycle pushing capital into altcoins
None of these are guaranteed.
But none of them are impossible either. Do I Believe Ethereum Will Reach $10,000? Yes. I believe it will. That belief is exactly why I’m willing to actively defend my ETH position when selling covered calls. Premium income is nice. But the real prize is owning ETH during the next major cycle.
And if that cycle takes Ethereum to $10,000 or beyond - I want to still be holding it.
