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Huge Differences Seen in Banks’ Ethereum Valuation as ETH Tests All-Time High
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cryptonews.comJust as the price of Ethereum’s native ETH token is testing new all-time highs north of the USD 4,400 level on Tuesday, private notes to clients from two major investment banks reveal just how different analysts at large financial institutions view the second-largest cryptoasset.
At 10:20 UTC, ETH traded at USD 4,452, after reaching USD 4,464, or USD 3 away from its all-time high, reached last week (per Coingecko). The price is up 3% over the past 24 hours and 5% for the past 7 days.
Meanwhile, Goldman Sachs’ Global Markets Managing Director Bernhard Rzymelka estimates that continued inflationary pressures in the economy will be supportive for ETH, given that “it has tracked inflation markets particularly closely, likely reflecting the
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