Over recent weeks, the expectations of a parabolic Ethereum rally have become extremely prevalent. Due to a confluence of fundamental and technical trends, analysts left and right are flipping bullish on the second-largest cryptocurrency. Chris Burniske, a partner at Placeholder Capital, for instance, recently postulated that there is a world in which ETH hits $7,500: “If BTC goes > $50,000 in the next cycle, and ETHBTC returns to its former ATH, then expect to see […]
