“Ethereum below $ 4,000 is a bargain”: Ted Pillows

Ethher (ETH), the Ethereum cryptocurrency, reached $ 3,900 in July, but its price has backed up $ 3,500. Is this a good purchase opportunity?

The investor and market analyst, Ted Pillows, does not hesitate to affirm that “Ethereum below $ 4,000 is a bargain.” Its optimism is based on the solid adoption and activity dynamicswhich could take new horizons to ETH.

Pillows points out that the Ethereum ecosystem gathers key elements: institutional accumulation, shortage of supply and a constant growth activity.

“The rebound above $ 10,000 in this cycle will be epic,” he says. This forecast looks quite hopeful, but It must be taken into account that the historical maximum of the cryptocurrency is $ 4,891 reached in 2021, a barrier that has not been overcome since then.

However, the analyst sees in the current correction a window for investors to take advantage of before a new bullish impulse.

Pillows uses the comparison of these four graphics for Establish a favorable market context and reinforce your upward argument on Ethereumsuggesting that ETH is positioned for significant growth in line with (or exceeding) the trends observed in other key assets.

For its part, the firm of investments in digital assets hashdex reinforces this perspective by pointing out the positive performance of Ether quoted funds (ETF) in the United States, as Cryptonoticia reported.

The managers of These funds acquire and maintain ETH to support their actionswhich increases demand and, according to the law of supply and demand, presses the price of cryptocurrency.

This movement creates a more optimistic environment, since a strong valorization fosters greater interest in the asset.

In addition, the Ethereum ecosystem shows robust growth. In July, it reached a record of 301.91 transactions per second (TPS), an indicator that reflects the processing capacity of operations such as Ether transfers or intelligent contracts in its main layer (L1) and second layers (L2).

This Increase in on-chain activity shows increasing adoption, both institutional and retail, which drives the price of eth.

Unlike other cryptocurrencies with less defined uses, Ethereum supports intelligent contracts, decentralized applications (DAPPS) and other services, consolidating as a pillar of the market without displacing Bitcoin, which continues to lead.

Companies bet on Ethereum

Another factor that supports ETH potential is its growing corporate adoption. More than 2.7 million ETH are in the hands of companies, many of them from Wall Street, which incorporate the cryptocurrency in their treasury.

This strategy, similar to that used by Michael Saylor, CEO of Microstrategy, with Bitcoin, strengthens the perception of ETH as a long -term value asset.

Corporate accumulation not only reduces circulating offer, but also generates confidence in the market, feeding the interest of new investors.

With a combination of solid foundations, institutional adoption and an expanding network, Ethereum seems to be in a privileged position.

The current correction, if Pillows is right, could be the prelude to a significant upward movement. If cryptocurrency manages to exceed the historical resistance of $ 4,000, The road to 10,000 dollars forecast by the analyst could come true.