Crypto Analysts Remain Bullish on Ethereum Given Its Liquidity

Benzinga 2021-12-07

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Popular crypto analysts are remaining bullish on Ethereum even though there are concerns surrounding the token’s liquidity. Crypto analysts Kaleo recently said that Ethereum is the king of layer 1 tokens, but it could suck liquidity from the rest of the market, going on a run of its own. The Crypto Dog believes that Ethereum could reach all-time highs by Christmas. Amsterdam-based analyst Michael van de Poppe believes that the best time to buy altcoins is in December. Moreover, analyst Benjamin Cowen is just as bullish, tweeting a rocket ship emoji in reference to Ethereum. Investors will also be intrigued by Justin Bennett’s comment that the Ether-Bitcoin pair is in “full beast mode.” Year-to-date, Ethereum is up almost 500%, gaining around 7 times what Bitcoin has in the same time period. Even so, the token is down almost 10% from its all-time high of nearly $4860. At press time, Ethereum was trending up at just over $4350.

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