THE Ethereum prices prices Heating is warming up while market optimism collided with the change in monetary policy signals. The co-founder of Bitmex Arthur Hayes Planned that Ethereum could increase to $ 20,000, citing the strengthening of market dynamics and favorable macro-waonditions. Daring forecasts occur as the federal reserve President Jerome Powell Adopt a more dominant tone, indicating a possibility of reductions in future rate.
Ethereum Price planned to reach five figures
HAYES A issuing A bold Ethereum price forecast, predicting that the second largest cryptocurrency could SOAR up to $ 10,000 Or even $ 20,000 before the end of the cycle. In a recent interview, the co-founder of Bitmex rejected the idea that Ethereum should retain the level of $ 3,000 before heading to new heights, pointing to his previous one Rally above $ 4,000.
Related reading
In particular, Ethereum successfully confirmed support for $ 4,109 after a sharp increase in the month earlier this month. Consequently, Crypto analysts like Donald Dean project This ETH could climb $ 4,867 – or even set a New top of all time nearly $ 5,706.
As for Hayes, he revealed that he had already returned to the market, buying Ethereum after previously made profits when the assets exceeded $ 4,000. The founder of Bitmex stressed that once and Ethereum would erase his previous peak, the upward path would look like “an air gap”, with limited resistance to much higher evaluations. This conviction, he argued, is reinforced by the fact that crypto-law companies are actively Levant of capital to allocate to eth.
According to Hayes, the capacity of these companies to obtain funding will only increase if Ethereum turns into a uncharted price territory. Its projection of a price of $ 10,000 to $ 20,000 is also linked to the political and economic backdrop in the United States. The co-founder of Bitmex suggested that everything Digital Asset supported by US President Donald Trump would probably benefit from massive speculative entries, thus strengthening the wider market.
When asked what cryptocurrency he would mainly invest between Ethereum and Solana, Hayes replied that the two digital assets would appreciate during the Bull Run. However, he revealed that he was more partial in Ethereum, stressing that the capital scale chasing the ETH made a more attractive bet.
Powell Soft Fed Policy Shift speech signals
While Speculations on the next price of Ethereum priceAmerican monetary policy seems to enter a central phase. Recent reports according to the speech of the Fed chair to Jackson Hole indicate that Powell can refer to the Possibility of a drop in rate.
During speechPowell underlined the balance of changing risks, recognizing that while Inflationary pressures persistThe slowdown in employment growth requires special attention. He also underlined the Effects of higher priceswhich are starting to appear in consumer prices, the basic inflation of the PCE increasing to 2.9% in July, an increase of 10% compared to the previous month.
Related reading
The president of the Fed also reiterated that with the policy already in restrictive territory, the central bank can “proceed carefully”. Nevertheless, his comments left the door open for an adjustment in position, the markets largely interpreting them as lays the basics for a rate drop at the next FOMC meeting.
Felash star image, tradingView graphic
(Tagstranslate) Altcoins
Source link