Analysis: Ethereum's Next All-Time High Could Be $4,500, Says Report

IconCryptoNewsTerminal Staff01 Aug, 2024

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Analysis: Ethereum's Next All-Time High Could Be $4,500, Says Report

Citing a report from cryptocurrency options exchange Deribit, Cointelegraph reported that Ethereum (ETH) could climb to a new all-time high of $4,500. "ETH has held support at $2,860 since July 5, suggesting strong buying demand," the report said. "Positive developments such as the launch of ETH ETFs, which should provide regulatory clarity, could see institutional investors enter the space, propelling ETH towards a new all-time high of $4,500."

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