Yesterday (April 29), on crypto exchange Bitstamp, around 12:50 UTC, the Ethereum ($ETH) price broke $2,800 for the first time, establishing a new all-time high — $2,800.89 — one minute later.
Currently (as of 09:15 UTC on April 30), Ethereum is trading around $2,793.66, which means that it is up 1.27% in the past 24-hour period; as for the year-to-date period, ETH-USD is up 278.96$.
Earlier today, popular New Zealand-based crypto analyst Lark Davis (@TheCryptoLark on Twitter), who believes that $ETH is headed to $10K (and higher) in this bull cycle, said that with the prospect of $ETH becoming a “deflationary asset” (following the “London” network upgrade, which should be going live on the mainnet in July and which will include EIP-1559) and the ability to earn around 5% a year in passive income by staking Ethereum, he might never sell his $ETH holdings.
The more I think about it, the more I feel like I may never sell my #ethereum. It is going to be a deflationary asset with 5% annual rewards, ETH at 10k will be a passive income beast!
— Lark Davis (@TheCryptoLark) April 30, 2021
Davis also commented on the fact that Ethereum transaction costs have almost become downright affordable recently:
#ethereum has finally become affordbale again with everyone using Polygon, BSC, and Solana
— Lark Davis (@TheCryptoLark) April 30, 2021
