您现在的位置是:Pepperstone exec says ETH party to $5K "soon" >>正文
Pepperstone exec says ETH party to $5K "soon"
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛77198人已围观
简介Pepperstone’s Chris Weston says most clients are net-long on EtherEthereum is primed for $5k a...
Pepperstone’s Chris Weston says most clients are net-long on Ether
Ethereum is primed for $5k and Bitcoin could soon hit $70,000
Bitcoin’s surge above $68,000 and Ethereum’s run to a new all-time high above $4,800 is down to the influx of new money.
According to Pepperstone’s head of research Chris Weston, the inflow of capital into crypto is driving prices higher as demand explodes.
“Crypto is where the fast money is at. Ethereum is trending like a dream and I’d be long and strong here,” Weston told Reuterson Tuesday.
Ethereum climbed as high as $4,857 in early deals Tuesday, hitting the landmark price level amid a 16% spike in daily volume. According to Weston, most clients are bullish and purchasing Ethereum, with over three quarters holding long positions to suggest another leg up to $5,000 is more than likely.
“Clients are net long, with 79% of open positions held long, and I can sense the $5k party could get going soon,” he added.
Crypto analyst Benjamin Cowen called Ethereum “an absolute beast” and expects further gains well into 2022. Read our Ethereum (ETH) price predictions here.
Bitcoin has also benefited from strong demand over much of 2021, with data showing increased institutional adoption and positive regulatory conditions contributing to the more than 340% price surge this past year.
This week, upward momentum has been accelerated by inflation fears across the stock market, with money flowing into safe-haven assets.
On Monday, ARK36 fund manager Mikkel Morch told CNBC that current price action could see BTC top $70,000. He points to why there might be no major pullback for Bitcoin, noting:
“The uptick doesn’t seem to be leverage-driven but rather results from the increased demand on the spot market where there’s currently very little sell-side liquidity”.
However, crypto analyst Michael van de Poppe thinks it's good to be cautious.
“Euphoria going through the roof. Yes, the market is easy, but be aware of the fact that markets can turn the other way quite fast. Don't forget to take profits.”
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/583418.html
相关文章
SocialFi is finally here: The top 3 projects to consider
Pepperstone exec says ETH party to $5K "soon"The SocialFi movement has now started to gather steam as social media becomes more integrated into t...
阅读更多
Here are the top places to buy Allbridge now
Pepperstone exec says ETH party to $5K "soon"Allbridge is a unique digital asset because it uses on-chain consensus, which provides stability and...
阅读更多
Lucid Lands is down 20% today: time to buy Lucid Lands?
Pepperstone exec says ETH party to $5K "soon"The live Lucid Lands price today is $0.057 with a 24-hour trading volume of $3.3 million. Lucid Land...
阅读更多
热门文章
- Ripple Floats Japan As Option For Relocation
- XRP holders to wait till 2023 for court's decision on Ripple vs. SEC
- Peter Thiel Leads Bitpanda’s Investment Raising $52 Million
- Arcane Research's 2022 predictions for the crypto, DeFi, and NFT niches
- Spain’s New Bill To More Closely Enforce Crypto
- Crypto Crisis: Over $1 billion liquid in 24 hours
最新文章
The best ERC 20 tokens to buy right now
Uniswap (UNI) sees price consolidation with a 20% upswing now possible
Bloomberg analyst: Bitcoin's maturity to derail commodities
Oasis Network (ROSE) has rebounded sharply
YGG SEA to conduct SEA Token IDO public sale on Copper between May 9th and 14th
Oasis Network (ROSE) has rebounded sharply