Around 20:50 ETH has broken its new record, and perhaps when this article is published, the summit will be moved further up. In any case, I have to tell you to understand the foundations of this ascension. For example, BTC reserve companies, the status of ETFs, ETHBTC parity are the three most important of them.
ETH reserve companies
August rise Ether It was triggered with reserve companies. The fact that 2 companies gave the procurement good news of nearly 30 billion dollars (only 2 companies and yes for a total of additional $ 30 billion) rapidly doubled the investor appetite. What is the advantage of Ether’s ETH?
- The infrastructure platform has now become a center for crypto -based financial services.
- Even Chinese banks Ethereum $4,828.51 He performs tests on his network.
- Stablecoins will be ethical by countries will gain weight in the Ethereum network.
- The main central Ethereum network for the tokecination has become too much to be destroyed by its competitors, which turned into something like Ethereum network and the computer of the crypton.
- In addition to being the largest smart contract platform, the market value is more appetizing for the reserve stories of the public companies than BTC and compared to BTC.
A total of 17 large publicly open Eth There is a reserve company. All of them put this job in Michael Saylor’s Strategy company, because this investment strategy feeds the stock prices of companies and brings billions in the cycle with more export, more cash, more purchases and more rise. The total reserve of the companies that started to accumulate in June exceeded 3.1 million Ether. This is over $ 15 billion. The target is 70 billion dollars. If the planned share sales go on the way to the necessary cash, what we will see will be much more ETH.
ETFDAO, public companies and all of them, and the total assets of corporate ETH investors (limited to these structures) approached $ 20 billion. The last purchases are as follows
- 19 August Sharplink 143k Eth
- 18 August ENS ENS 1.5K and ETHZİLLA 12,5K ETH
- 373k ETF for the end of 18 August
These are only Monday and Tuesday purchases. The ETF channel is completely different.
ETH ETF flow
I have to remind you of a detail that I have attracted particular attention lately. BTC ETF Although it was a much more reliable asset on the front, the exits were very strong. On the ETH ETF channel, the entrances were competing with BTC and ETH entered while BTC was released. This means that “Money is flowing to Ether” as well as professional investors now seeking to gain a little with ETH.
For the first time we saw a billion dollar entry on August 11, and ETH experienced a net entry of $ 337 million on Friday. This is impressive. The tendency seems to continue tomorrow, so the rise is expected to continue. Powell’s Friday surprise helped to sit down all the stones, to get Ether’s environment.
ETHBTC parity
Simply amazing. We were counting the days and after 1100 days of weakness ETHBTC The return of the parity is accelerating. I remember the days when the 0.05 level was lost and the USD parity endured as yesterday. Since the level of 0.038 has turned into support, it is targeted today. The target for ETHBTC will be 0.05BTC and even in this base scenario, the price of ETH will be close to $ 6,000.
0.042 and 0.04BTC regions should be protected to remain hopeful. Eth That’s what you need to know about the rise. You can review the evaluation I shared in the morning to examine the current current situation with Sol and Avax.
Finally, the news flow these days is very important. In the coming days PCE, The NVIDIA earnings report, GDP, Fed member statements, such as explanations, and they will cause volatility. Cryptoappsy It can help you in the quick summary in the news section of the application.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
