It was successful what Ethereum bulls have been waiting for for nearly four years. The ETH/USD course was pierced by ATH from the previous cycle. The foundations of the project have not been so strong for years.
Ethereum with the new ATH
The ETH course was pierced by ATH from the previous cycle. Currently, you have to pay about 4,900 USD for one Ether. There are many indications that this is not the end of growth.
Long regeneration
During the first months of this year, they were a terrible period for Ethereum investors. Many of them expected the ETH course to shoot. It happened differently: the price dropped and in pair from USD and BTC. The situation was not improved by Donald Trump, who shocked the world with the customs war, which he introduced uncertainty to the markets and stopped the cuts of percent rates. by the Fed (the central bank could not lower his feet in such circumstances).
Now, however, everything has changed. It is almost certain that in September the FED will reduce the percentage of percentage again, and by the end of the year there are a total of 2-3 discounts (although a lot will depend on the macroeconomic situation). In addition, the customs war is quite completed, which means that uncertainty disappears from the market.
However, these are macroeconomic events. In the background there are other driving course. Only on July 11 ETF ETH bought Ether for $ 1 billion net (it is a balance of shopping and sales). In addition, ETH has “its strategy”. It’s about Sharplink Gaming, who regularly buys Ether. Just like Bitmine and a number of other companies.
Further, expected purchases of Etheru by ETFs and large companies can still drive increases by steaming ETH/USD. The question is, however, what ATH we draw in the chart in this cycle. In the media there are forecasts from modest $ 5,000 to even USD 12,000. More important, however, is that Ethereum returned to the living and is no longer sentenced to losses, as it was a few months ago. It is also learning for less experienced investors: when there is fatal moods on the market, you should buy assets, not sell.
