Ethereum's price nearly hit an all-time high, surging to $4,849, just $20 shy of a new record. However, the bullish trend remains strong.
Future Projections for Ethereum’s Price
According to analysts, Ethereum is racing towards new peaks, approaching the 200,000 TL mark in TRY pairing. In USD terms, ETH reached $4,869, showing significant movement in the ETH/BTC pair. Analyst known by the pseudonym TraderSZ shared a chart suggesting potential price targets, with the first target remaining the ATH.
Possibility of Interest Rate Cuts
Expectations for a September interest rate cut rose to 80%. This rapid turnaround confirms that the Fed's monetary policy will no longer stifle the market, creating positive horizons for bulls.
Analyst Recommendations for Investors
Analyst Noach advises investors to exercise caution, urging not to miss the opportunity to secure profits. "The market is offering you another chance to realize your profits. It is better to sell a portion and secure your gains."
Thus, the Ethereum market shows growth potential. However, investors should stay attentive and avoid excessive risks. Predictions remain diverse, and further developments will depend on various factors.
