Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market
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Ethereum displayed resilience by maintaining above $3,000 amidst Bitcoin's struggle following Germany's sale of 90% of its BTC holdings. Investors are watching for Ethereum's potential to reach $5,000, especially with a possible Ethereum ETF on the horizon. Crypto expert CryptoPatel suggests Ethereum could hit $5,000 if it stays within its green support zone of $2,800 to $3,000. Mixed signals from technical indicators suggest cautious optimism. CoinCodex predicts a 3.68% rise for Ether by mid-August, but market sentiment remains wary.
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