Trend Research, part of LD Capital, forecasts that Ethereum's market capitalization will exceed Bitcoin's within one to two bull-bear cycles. The report highlights that institutional demand for ETH significantly surpasses the supply from unstacking, with US-listed ETH holdings reaching nearly $20 billion, or 3.39% of total supply. The report also notes that Bitmine is still 75% away from its target of holding 5% of ETH's total supply. With anticipated crypto-friendly policies and Wall Street's growing consensus on ETH's value, Trend Research has increased its long-term ETH price target, citing the upcoming interest rate cut cycle as a catalyst.