ETHE - Why Ethereum ETFs Mean Crypto Could Make 'New All-Time High' Soon | Benzinga
With Ethereum's (CRYPTO: ETH) ETF trading launch to come in next week, traders voice optimistic predictions for inflows and the price of ETH.
What Happened: Crypto analyst Lark Davis predicts the ETFs could lead to a new all-time high very soon. He reiterates that Bitcoin (CRYPTO: BTC) ETFs started trading in January, causing a new all-time high only 64 days after their launch.
could make a new all-time high very soon. — Lark Davis (@TheCryptoLark) July 18, 2024
Here's why:…
Ethereum's market capitalization is currently 32% of Bitcoin’s and it is “more deflationary,” according to the analyst. He thinks traders should "front-run before the ETFs launch next week."
On the contrary, crypto ...