$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) $ 44,170.00 1.98%
ethereum
Ethereum (ETH) $ 3,427.36 0.58%
binance-coin
Binance Coin (BNB) $ 516.27 2.55%
xrp
XRP (XRP) $ 1.61 6.62%
cardano
Cardano (ADA) $ 2.05 3.69%
dogecoin
Dogecoin (DOGE) $ 0.488841 1.32%
tether
Tether (USDT) $ 0.978893 1.97%
polkadot
Polkadot (DOT) $ 39.27 1.30%
bitcoin-cash
Bitcoin Cash (BCH) $ 1,112.42 0.38%
litecoin
Litecoin (LTC) $ 308.32 7.30%
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