The price of ETH is expected to exceed the 5,000 USD mark in the near future based on positive evaluations from investment experts.
Sam Gaer, Director of the Directional Fund at Monarq Asset Management, believes that the current trend in the cryptocurrency market remains optimistic with many positive signs, boosting the potential for ETH to reach a new peak above 5,000 USD.
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ETH is predicted to reach the 5,000 USD mark in the coming days thanks to a strong upward trend.
The positive internal market factors, with no signs of overheating, are assessed as the basis for maintaining an optimistic outlook.
The demand to buy ETH on OTC exchanges and from market makers exceeds that of BTC, along with strong institutional and individual capital flows.
What factors does Sam Gaer predict will drive ETH's price above 5,000 USD?
Sam Gaer offers a positive assessment based on internal market analyses and capital flows into cryptocurrencies. He believes ETH will surpass the 5,000 USD threshold as there are no signs of overheating, combined with the dovish policy of Fed Chairman Jerome Powell, which supports growth momentum.
Additionally, the closure or divestment of many summer SPAC transactions is a factor driving investment flows into storage asset instruments, facilitating ETH's appeal this fall.
What factors help ETH attract greater demand than BTC on OTC exchanges?
Sam Gaer's analysis indicates that market makers and OTC exchanges currently have a higher demand for ETH than BTC. This reflects the potential and predictions for ETH's outperformance compared to BTC in the near future.
This factor not only drives ETH prices higher but also indicates the shifting interest of professional and institutional investors towards ETH, making this currency a focal point of investment in the current cryptocurrency market.
"We maintain an overall optimistic view. Internal market factors remain positive, with few signs of overheating, and both BTC and ETH are expected to reach new peaks. Powell's dovish policy paves the way for ETH to exceed 5,000 USD in the short term."
– Sam Gaer, Director of the Directional Fund, Monarq Asset Management, August 23, 2023, CoinDesk
How do the demand for institutional and retail capital affect the growth of ETH?
The capital flow from institutional and individual investors remains strong and continues to be an important driving force for cryptocurrencies, especially ETH. This is reflected in the increase in liquidity and the number of transactions in the market.
This increase contributes to a positive sentiment among investors, thereby reinforcing the likelihood that ETH will not only maintain a high price but also increase further in the near future.
Frequently Asked Questions
How much can the price of ETH increase in the near future?
According to the expert's assessment, ETH could surpass the 5,000 USD mark in the coming days based on current positive market factors.
What factors make ETH have better prospects than BTC?
The demand to buy ETH on OTC exchanges and from market makers is currently stronger than BTC, indicating that ETH performs better in terms of investment.
How does the Fed's policy affect ETH prices?
The Fed's dovish policy facilitates the increase in ETH prices, as it drives capital flows into risk assets like cryptocurrencies.
What role does institutional capital play in the price trend of ETH?
The strong institutional capital flow helps strengthen the market, support ETH price increases, and maintain investment appeal.
Source: https://tintucbitcoin.com/chuyen-gia-bai-phat-bieu-powell-thuc-day-eth/
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