Analysts: OTC Trading platforms and market makers have a stronger demand for ETH than for BTC.

robot
Abstract generation in progress

Odaily News, Sam Gaer, Chief Investment Officer of Directional Fund under Monarq Asset Management, 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 in the market remain positive, with almost no signs of overheating, and as you pointed out, both BTC and ETH are expected to reach new all-time highs. Powell's dovish stance paves the way for a breakout above $5,000 in the short term (which is not the hardest thing to judge). With many SPAC transactions announced this summer having ended or withdrawn, coupled with ongoing inflows of institutional and retail money, the demand for treasury investment vehicles should increase in the fall. The demand for ETH from OTC Trading platforms and market makers is stronger than that for BTC, indicating that its market performance may also excel in the future." (CoinDesk)

ETH2.32%
BTC-1.14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)