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Dare to trade. Dare to win.
𝐂𝐚𝐧 𝐄𝐓𝐇 𝐇𝐢𝐭 𝐀 𝐍𝐞𝐰 𝐀𝐓𝐇 𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤?
ETH is only 26% away from a new ATH.
A few reasons I think this could happen this week.
1) ETFs buying
● This month, ETFs have 1.5M ETH, which is 1.3% of the total supply.
● If this buying continues, a new ATH is possible.
2) Companies accumulation
● Bit Digital has raised $1B to buy ETH and will probably do this week.
● SharpLink Gaming is also expected to buy $400M-$500M in ETH this week.
3) Network Activity
● Ethereum network activity is reaching 2021 highs.
● When fundamentals become strong, price usually follows.