Rekt Finance highlighted Ethereum future investment possibilities

[Cryptocrit]

Ethereum long-term holders could play major role in ETH's price movement in coming weeks

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0KYpGMdW5WIiQ5JOCHqtsAde8Jrfg4uMKQ9EsG4zIPCNAzoDTjXNseb-F82WverHVTMbHhxvfLgv-wlfgR5oCDL8ZYFvMFPlVt2lfV5GuX8GoQGmmi-NRVOio6XlzMhdbRROy9AALS23D8TtE-fZrCl6DmDHrxb6VRpo42Vr_graiacAJX3uJiELXpgzB/w640-h636/Screenshot_16.jpg

Top crypto analysts believe that Ethereum might soon experience a bullish breakout. In a recent discussion, Rekt Finance pointed out that Ethereum's open interest in the futures market is increasing, indicating growing institutional demand ahead of the anticipated ETF approval.

Rekt Finance also highlighted that Ethereum is a deflationary asset, meaning its supply has been steadily decreasing over time. This characteristic can make it more valuable, as fewer coins are available in the market.

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[avikz]

It's not a rocket science to understand that ETH price can go a heck lot higher than the current level. ETH is the 2nd largest coin by the market capitalisation. It has an active devlopment team and a strong person leading from the front. After they have moved to POS mining algorithm, a lot more people have involved in mining it. All signs around it, are bullish!

Institutional investors are showing interest on ETH for genuine reasons. The talk of ETF is also increasing the positively around it. It's all positive!

[tsaroz]

It's not a rocket science to understand that ETH price can go a heck lot higher than the current level. ETH is the 2nd largest coin by the market capitalisation. It has an active devlopment team and a strong person leading from the front. After they have moved to POS mining algorithm, a lot more people have involved in mining it. All signs around it, are bullish!

Institutional investors are showing interest on ETH for genuine reasons. The talk of ETF is also increasing the positively around it. It's all positive!

I believe ETF alone is capable of doubling the current price of Ethereum. ETF would enable a large group of investors that are till date out of Ethereum investment to go through it without the hassle of knowing about how it works and how to keep it safe. Their fund manager would do that for them while such fund would buy and hold large amount of Ethereum. Large amount of Ethereum stuck in wallet means less liquid supply which would increase the price of Ethereum. Though the unlimited supply might hurt its price progression unlike bitcoin.

[X-ray]

Not surprised since ethereum trading volume has been rising like a lot in this downtrend, i'm really hoping that it's early good sign of ETF but we also know that ETH has been quite underperforming in this bullrun
the fact that ETH can't really reach ATH while other coins literally doubling or tripling is such a letdown but it can also means that the price probably gonna sky rocket if the last big bullrun really gonna come.



just see the chart above ETH easily got outperformed by BNB let alone SOL which we all know gained massive ATH this bullrun despite so many ETH locked as TVL into many staking protocols such as LST and LRT but the price seem to hardly move.
since ETH literally made up big portion of my bags, I really hope that somehow it could outperform the other, hopefully ETF could just pump all those numbers up including volumes even higher, ETH really needs it.

[Ekanayake90]

Not surprised since ethereum trading volume has been rising like a lot in this downtrend, i'm really hoping that it's early good sign of ETF but we also know that ETH has been quite underperforming in this bullrun
the fact that ETH can't really reach ATH while other coins literally doubling or tripling is such a letdown but it can also means that the price probably gonna sky rocket if the last big bullrun really gonna come.

https://i.postimg.cc/bYgRyg2q/etbn.png

just see the chart above ETH easily got outperformed by BNB let alone SOL which we all know gained massive ATH this bullrun despite so many ETH locked as TVL into many staking protocols such as LST and LRT but the price seem to hardly move.
since ETH literally made up big portion of my bags, I really hope that somehow it could perform the other, hopefully ETF could just pump all those numbers up including volumes even higher, ETH really needs it.

What is your bullrun target for ETH?

[X-ray]

What is your bullrun target for ETH?

Easily $5k and if BTC could easily reach $80k I will set my target at around $7k, the staking industry behind ethereum is huge I expect current price of ETH to be greatly undervaluing the worth fo ETH to be honest.
ETH TVL in DeFi alone reaching more than $50 billion leaving alone the other blockchain in the dust IMO, the only thing keeping ETH from exploding is the market trend and sentiment.

[Ekanayake90]

What is your bullrun target for ETH?

Easily $5k and if BTC could easily reach $80k I will set my target at around $7k, the staking industry behind ethereum is huge I expect current price of ETH to be greatly undervaluing the worth fo ETH to be honest.
ETH TVL in DeFi alone reaching more than $50 billion leaving alone the other blockchain in the dust IMO, the only thing keeping ETH from exploding is the market trend and sentiment.

https://i.postimg.cc/gJhWKsbt/tvl.png

With the ETF hype it could reach 10k most probably