The executive director of the hedge fund says that the Al -Atheer Rally is unlikely to decline to $ 3,600 on Thursday, as long as two main two main conditions in the boxes continue.
“All the difficult data that arrived this week is arguing against a quick reflection,” said Crypto Hedge, a square capital partner in Velix Show for Cointelegraph on Thursday.
Investment funds circulating thrive, and uncertainty in feeding
Shaw pointed to the increasing flows to the ether in the United States (Eth(ETFS) funds as a great motivation for the continued price Wednesday 727 million dollarsThe biggest flow of one day since Eter ETF trading began in July 2024.
Shaw said: “These coins are transmitted directly to the cold nursery, which, by virtue of their definition, is not available for immediate residence.” He also pointed to the uncertainty about the American Federal Reserve as another bullish catalyst for the ether.
“The total conditions are mixed, not toxic,” he added. Shaw explained that although the consumer price index in June (CPI) was “higher”, the constant pressure from US President Donald Trump on Federal Reserve Chairman Jerome Powell is increasing for encryption.
He said: “Trump continues to urge the Federal Reserve to reduce interest rates by up to three percentage points, a reminder that the policy risks are still tending to the origins of risk.”
“Unless ETF flows suddenly turn, and the Federal Reserve turns sharply at the same time, the probability of full recovery like washing 30 % in October 2024 seems low.”
The ether is trading at $ 3,609 at the time of publication, an increase of 43 % over the past thirty days, According to To Nansen.
However, Shaw says chances of reaching $ 10,000 by the end of this year are minimal, despite expectations from many analysts.
Shu said: “The goal is 10 thousand dollars in a step of 190 % within a little more than five months-something made by ETH only twice, during 2017 ICO Frenzy and Defi Boom 2020-21.”
The price of the ether may be a value of $ 10,000 “extension”
He added that this type of movement is an extension.
“Speeding to use in the real world of ETHEREUM: Recovery, Flood -2 Class Chefs, Fresh novels that close more ETH from blood circulation and tighten display.”
He said: “In the event of any of these engines stops, the march can lead less than five numbers, but if they shot in complete harmony, a sudden race cannot be excluded to 10,000 dollars.”
Echoes for similar feelings, co -founder of Sapien, Trevor Kovarko, told Cointelegraph that $ 10,000 per ether brand is speculative but not completely out of the table.
Related to: Ether, which holds 3 thousand dollars, opens the door to 1100 % “vertical stage” assembly: analyst
“It is an ambitious step, but it is not impossible to assume that ETH can deal with an assessment of $ 10,000 if we continue to see strong total winds, the broader ETF adoption, and the constant transformation towards ETHEREUM is the backbone of the following financial system,” said Kooveko.
He added: “ETH feels less like speculative bets for programmed digital assets.”
Cointelegraph recently mentioned The MIKYBULL CRYPTO Crush expects ETHER price up to a place between $ 7,000 and $ 10,000, based on the RSI index.
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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