$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) $ 66,776.89 1.52%
ethereum
Ethereum (ETH) $ 3,504.52 1.11%
tether
Tether (USDT) $ 1.00 0.03%
bnb
BNB (BNB) $ 594.14 0.51%
solana
Solana (SOL) $ 169.21 0.42%
staked-ether
Lido Staked Ether (STETH) $ 3,502.53 1.04%
usd-coin
USDC (USDC) $ 1.00 0.02%
xrp
XRP (XRP) $ 0.591549 5.06%
dogecoin
Dogecoin (DOGE) $ 0.133236 8.08%
the-open-network
Toncoin (TON) $ 7.33 0.91%
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)