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Analysts: OTC Trading platforms and market makers have a stronger demand for ETH than for BTC.
Odaily News, Sam Gaer, Chief Investment Officer of Directional Fund under Monarq Asset Management, expects the price of ETH to rise above $5,000 in the coming days. He stated, "We maintain an overall bullish stance. The internal factors in the market remain positive, with almost no signs of overheating, and as you pointed out, both BTC and ETH are expected to reach new all-time highs. Powell's dovish stance paves the way for a breakout above $5,000 in the short term (which is not the hardest thing to judge). With many SPAC transactions announced this summer having ended or withdrawn, coupled with ongoing inflows of institutional and retail money, the demand for treasury investment vehicles should increase in the fall. The demand for ETH from OTC Trading platforms and market makers is stronger than that for BTC, indicating that its market performance may also excel in the future." (CoinDesk)