财经少华
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Will Ethereum reach a new all-time high this week?
If ETH continues to rise at its current pace, it may reach a new all-time high in the short term. Moreover, it is expected to continue rising in the coming weeks. By the end of August, the trading price of Ethereum is anticipated to exceed $5,500. If it reaches $5,500 from the current price level, it will bring an increase of nearly 19%.
What factors are driving asset prices?
The recent momentum in Ethereum's rise is likely driven by the U.S. Consumer Price Index (CPI) data being 2.7%, lower than the expected 2.8%. The lower CPI data has sparked optimism about a rate cut in September. A rate cut could trigger more investments in risk assets like cryptocurrencies. Against this backdrop, Ethereum and the overall market may continue to rise.
A large inflow of ETFs could further drive the rise of Ethereum. Recent inflows into Ethereum ETFs have exceeded $1 billion, marking the largest single-day increase since being listed in the U.S. If ETF funds continue to pour in, the upward trend of Ethereum may persist.
#ETH
If ETH continues to rise at its current pace, it may reach a new all-time high in the short term. Moreover, it is expected to continue rising in the coming weeks. By the end of August, the trading price of Ethereum is anticipated to exceed $5,500. If it reaches $5,500 from the current price level, it will bring an increase of nearly 19%.
What factors are driving asset prices?
The recent momentum in Ethereum's rise is likely driven by the U.S. Consumer Price Index (CPI) data being 2.7%, lower than the expected 2.8%. The lower CPI data has sparked optimism about a rate cut in September. A rate cut could trigger more investments in risk assets like cryptocurrencies. Against this backdrop, Ethereum and the overall market may continue to rise.
A large inflow of ETFs could further drive the rise of Ethereum. Recent inflows into Ethereum ETFs have exceeded $1 billion, marking the largest single-day increase since being listed in the U.S. If ETF funds continue to pour in, the upward trend of Ethereum may persist.
#ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
4,283.46
+2.05%