$ETH Breaks $2800, Crypto Analyst Lark Davis Says ‘I May Never Sell My #ethereum’

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.

Davis also commented on the fact that Ethereum transaction costs have almost become downright affordable recently:

bitcoin
Bitcoin (BTC) $ 20,490.00 0.79%
ethereum
Ethereum (ETH) $ 1,185.84 3.92%
tether
Tether (USDT) $ 1.00 0.24%
usd-coin
USD Coin (USDC) $ 1.00 0.01%
bnb
BNB (BNB) $ 239.31 3.42%
binance-usd
Binance USD (BUSD) $ 1.00 0.17%
xrp
XRP (XRP) $ 0.331329 1.73%
cardano
Cardano (ADA) $ 0.463653 1.57%
solana
Solana (SOL) $ 36.57 2.13%
dogecoin
Dogecoin (DOGE) $ 0.068818 2.04%
S&P 500  ^GSPC 
$3,845.08  $13.69  (0.36%)
Dow Jones Industrial Average  ^DJI 
$31,037.68  $69.86  (0.23%)
NASDAQ Composite  ^IXIC 
$11,361.85  $39.61  (0.35%)
Russell 2000  ^RUT 
$1,727.55  $13.78  (-0.79%)
Crude Oil Aug 22  F*CL.NYM 
$98.19  $0.3400  (-0.35%)
   
$0.0000  $0.0000  (0.00%)