Bitcoin Ethereum ETH UPS JPMorgan

Huge Differences Seen in Banks’ Ethereum Valuation as ETH Tests All-Time High

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Source: Adobe/zphoto83 Just as the price of Ethereum’s native ETH token is testing new all-time highs 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 16:23 UTC, ETH traded at USD 4,489, after reaching USD 4,531, or its new all-time high, earlier today. The price is up by 3% in a day and 6% in a week. <img src="” width=”1560″ class=”lazyload” alt=”” />Source: CoinGecko 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

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