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Bitcoin continues to reach new highs. Ether says it's good for Bitcoin (if the asset can talk).

ETH's price of $3,470 (as of 1:30 PM ET on Thursday) is about 30% below its all-time high of roughly $4,900 (set in November 2021).

A weekly close above $4,000 could help accelerate the rally toward a retest of the price peak, said Joel Krueger, market strategist at LMAX Group. That "could easily happen between now and the end of the year," he told me earlier this week.

StocksBTC and ETH then fell after the Federal Open Market Committee meeting on Wednesday. However, Krueger said he does not expect the recent crypto asset sell-off to materially impact the long-term price outlook.

Luke Nolan, a researcher at CoinShares, told me he's looking for ETH to hit a new high in February or March — that is, if market momentum continues and ETF flows remain strong.

He sees several factors working in ETH's favor: multi-year lows in the ETH to BTC ratio; A shift in retail and institutional sentiment; And it's an attractive relative value trade (since ETH is one of the few notable currencies Haven't arrived yet ATH this course).

Regarding investor sentiment, US Spot ETH Products It has brought in net inflows of $3 billion since November 6.After the elections). This number is $13.5 billion Instant Bitcoin Money During that period.

Bitcoin remains an “easier sell” for many investors given its digital gold narrative, Nolan said. What is even more difficult to understand is the analogy of Ethereum as a kind of universality AWS decentralization.

“It's a slower process to get people to understand ETH's value proposition,” he added. “But this seems to be happening more now than when the products were initially launched.”

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