Analyst: The demand for ETH from over-the-counter platforms and market makers is stronger than that for BTC, which may drive the price above $5,000

Deep Tide TechFlow news, on August 23, according to CoinDesk, Sam Gaer, the Chief Investment Officer of Monarq Asset Management's Directional Fund, expects the price of ETH to rise above $5,000 in the coming days. He stated: "We maintain an overall bullish stance. The internal factors of the market remain positive, with almost no signs of overheating, and as you pointed out, both BTC and ETH are expected to reach all-time highs. Powell's dovish stance has paved the way for a short-term breakout above $5,000 (which is not the hardest to judge). With many SPAC deals announced this summer having concluded or exited, coupled with ongoing inflows from institutions and retail investors, the demand for treasury investment instruments should increase in the fall. The demand for ETH from over-the-counter platforms and market makers is stronger than that for BTC, indicating that its market performance may also be better in the future."