$ETH

Expectation of $ 5,000 in Ethereum

Evaluating the current situation of the cryptocurrency markets, analysts emphasize that Ethereum may accelerate if there is a pause in Bitcoin. However, it is mentioned that as the cryptocurrency continues to gain ground above $4,000, it is possible to move towards $5,000 in the short term.

On the other hand, the fact that Bloomberg ETF analysts have recently lowered their expectations by giving a 30% chance of the ETH-based spot ETF being approved does not seem to have a negative impact on the cryptocurrency.

Ethereum rose to a high of $4,100 today, trying to stay above $4,000 since the beginning of the week. ETH, which remained flat in the last 24 hours, is changing hands at $ 4,020 as of the last hour.

In addition to the rising expectation due to the use of the Ethereum network, the fact that open positions in the Ether market have broken a record by reaching 14 billion dollars since yesterday is shown as another proof of how high the demand is.

Analysts, on the other hand, emphasize that the majority of funds entering the cryptocurrency markets recently are towards Bitcoin and Ethereum, and think that the demand for the largest cryptocurrencies will continue.

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