Analyst: ETH may break through $5000 in the next month.

On July 30, Decrypt reported that despite the pullback in Bitcoin, the price of Ether remains strong. Analysts point out that the favorable market environment this week could accelerate its upward momentum, pushing it to $5,000. Several bullish fundamentals are at play, including the potential approval of the U.S. Spot Ether ETF to open staking features, a significant increase in inflows to existing ETFs, and an increasing number of digital asset treasuries starting to buy Ether. Although overall market sentiment is optimistic, Republic Technologies CEO Daniel Liu stated that it is still "uncertain which pullback will actually break through the $4,000 barrier." He noted that the "leveraged buying demand around $3,500" and the "obvious selling pressure around $4,000" could lead Ether to maintain a range-bound oscillation in the short term. However, Daniel Liu mentioned that despite the uncertainty in the short term, the market has the conditions to trigger a "short squeeze." A series of "favorable macroeconomic news" may break the balance, catalyzing severe fluctuations in the market and driving "Ether to break $5,000 in the next month." These potential catalysts include whether the Fed decides to keep interest rates unchanged this Wednesday and the market's sustained enthusiasm for risk assets, dominated by the sentiment of U.S. tech stocks and the AI zone, where valuations in the AI sector have soared significantly.