David Duong, President of Coinbase Instituteal, Ethereum’daki (ETH) He said that the last rise is based on technical factors, but that investors’ request for capital allocation is still limited.
In a statement on social media, Duong said, “Last week’s rise of ETH was largely based on technical reasons. This was associated with the excess of incompatible positions, the short position closes and the reopening of the positions.
Duong said that this recovery in ETH price does not mean a general allocation appetite in the market: “Such price movements do not mean that the market is willing to allocate ETH on a large scale; the demand is still limited.”
On the other hand, Duong drew a positive picture in his comments on Bitcoin (BTC): “BTC can still continue to increase.” In terms of macroeconomic appearance, Duong said that the softening in commercial relations between the US and China increased investor sensitivity in the last week. In particular, the US $ 600 billion commercial agreement with Saudi Arabia reinforces this optimism, indicating that Duong, this year in the United States this year pushed the expectations of recession, he said.
However, according to Duong, things are more complex on Japan. The upper parliamentary elections to be held in the country in July may harden Tokyo’s attitude despite the previous statements to make a trade agreement until June.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/ethereumda-ralli-neden-durdu-uzman-analist-bitcoin-ve-ethnin-onumuzdeki-gunlerdeki-durumunu-tahmin-etti/
