ETH Eyes $5,000 as BTC Holds Strong Near Highs

Forecast From Monarq Asset Management

According to analysis from Monarq Asset Management, Ethereum (ETH) could surpass $5,000 in the coming days, with an optimistic outlook for both BTC and ETH.
Sam Gaer – CIO of the Directional Fund – stated:

“We maintain our bullish stance. Market internals remain constructive, with no signs of overheating. Powell’s dovish pivot has cleared the way for $5,000+ in the near term.”

In addition, Gaer noted that demand from treasury vehicles will likely increase in the fall, as many deals announced during the summer are completed or de-SPAC, alongside ongoing institutional and retail inflows.

Price Performance: BTC And ETH

 - Ethereum (ETH): Rose nearly 10% in 24 hours, reaching a peak of $4,800 before adjusting to $4,700(CoinDesk).

 - Bitcoin (BTC): Traded around $115,600, slightly lower than its peak at $117,400.

Data from Deribit options shows:

 - ETH is leading the rally with strong demand for call options across all maturities.

 - BTC is less aggressive but remains solid thanks to whale accumulation around $113,000.

 - BTC’s ~9.6% pullback from its ATH is smaller than earlier drawdowns, showing resilient demand.

Other Expert Views

 - Spencer Yang (BlockSpaceForce): Believes September’s rate cut will be the first since Trump’s re-election, starting a cycle of monetary easing lasting into year-end. He forecasts the top 5 coins to benefit most will be BTC, ETH, BNB, SOL, and LINK.

 - Steve Lee (Neoclassic Capital, BlockTower investor): Emphasized that spot ETFs for BTC and ETH will be key to sustaining inflows. However, he warned of risks from low-quality Digital Asset Treasuries (DAT) deals, which could indicate early signs of a bubble.

Conclusion

Both BTC and ETH are on the verge of setting new all-time highs as the Fed shifts its policy stance.

 - ETH: Short-term target of $5,000+, driven by institutional flows and options demand.

 - BTC: Strong foundation around $113,000, awaiting the next breakout.

 - Overall market: Supported by monetary easing and ETF inflows, but investors should stay cautious about risks from weak DAT deals and stock market volatility.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.