Summary
- CryptoQuant reported that the increase in demand for Ethereum suggests the possibility of surpassing $5000.
- It stated that this is due to the new all-time high in Ethereum Spot ETF holdings.
- Currently, Ethereum is trading at around $3900 in the Binance Tether market.
Demand for Ethereum (ETH) is increasing, suggesting the possibility of surpassing $5000.
On the 14th, CryptoQuant reported in its weekly cryptocurrency report that "investor demand for Ethereum is rising again. This can be seen from the new all-time high in Ethereum Spot ETF holdings," predicting that "if the current demand continues, the price of Ethereum could exceed $5000."
Meanwhile, Ethereum is trading at around $3900, up 0.8% from the previous day, based on the Binance Tether (USDT) market.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
