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๐๐๐ง ๐๐๐ ๐๐ข๐ญ ๐ ๐๐๐ฐ ๐๐๐ ๐๐ก๐ข๐ฌ ๐๐๐๐ค?
ETH is only 26% away from a new ATH.
A few reasons I think this could happen this week.
1) ETFs buying
โ This month, ETFs have 1.5M ETH, which is 1.3% of the total supply.
โ If this buying continues, a new ATH is possible.
2) Companies accumulation
โ Bit Digital has raised $1B to buy ETH and will probably do this week.
โ SharpLink Gaming is also expected to buy $400M-$500M in ETH this week.
3) Network Activity
โ Ethereum network activity is reaching 2021 highs.
โ When fundamentals become strong, price usually follows.