TechFlow, August 23 — According to CoinDesk, Sam Gaer, Chief Investment Officer of Directional Fund at Monarq Asset Management, expects ETH prices to rise above $5,000 in the coming days. He stated: "We maintain an overall bullish stance. Market internals remain positive with little sign of overheating, and as you've noted, both BTC and ETH are poised to reach new all-time highs. Powell's dovish stance has paved the way for a short-term breakout above $5,000 (which is not the hardest call to make). With many SPAC deals announced this summer now concluding or exiting, and ongoing inflows from institutional and retail investors, demand for Treasury investment instruments should increase in the fall. Demand for ETH from OTC platforms and market makers is stronger than for BTC, suggesting its market performance could also be superior going forward."
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