Yi Lihua, founding father of Liquid Capital (previously LD Capital), introduced that he’s sustaining his worth goal for Ethereum (ETH) at $10,000 for subsequent yr.
In his evaluation, Lihua said that development investments supply “beta returns” to a variety of buyers, whereas volatility-based trades present “alpha returns” which might be solely appropriate for knowledgeable minority.
Lihua said that short-term market corrections and volatility create shopping for alternatives, noting that the upcoming October rate of interest lower may very well be the “final alternative to backside.” In response to the famend investor, the long-term bull development will proceed, with ETH’s final goal being $40,000.
In the meantime, on-chain knowledge revealed that Yi Lihua’s Development Analysis agency deposited a complete of 55,851 ETH ($243.65 million) into Binance within the final 24 hours. This transfer, together with Lihua’s market assessments, drew consideration.
On the time of writing this text, the ETH worth has risen above $4,500 once more after a protracted interval.
*This isn’t funding recommendation.
