@All

The Davis analysis team based on market survey research indicates that:

ETH has the potential to exceed $5,000 thanks to positive data and investor sentiment.

Ethereum (ETH) surged to its highest level in nearly 4 years, driven by the liquidation of $351 million in short positions and expectations of a loosening U.S. monetary policy following Fed Chair Jerome Powell's speech. The Nasdaq index rose by 1.8%, indicating a recovery in demand for risk assets, including ETH. ETH increased by 33% in 30 days, trading above $4,800, with strong on-chain metrics: trading volume up 63%, active addresses up 26%. Meanwhile, Solana and BNB Chain recorded weaker growth.