$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) $ 41,765.00 3.43%
ethereum
Ethereum (ETH) $ 3,168.06 5.41%
binance-coin
Binance Coin (BNB) $ 470.73 6.10%
tether
Tether (USDT) $ 1.00 0.18%
cardano
Cardano (ADA) $ 1.53 8.41%
usd-coin
USD Coin (USDC) $ 1.00 0.30%
solana
Solana (SOL) $ 138.31 6.27%
xrp
XRP (XRP) $ 0.754716 3.31%
terra-luna
Terra (LUNA) $ 76.57 10.62%
polkadot
Polkadot (DOT) $ 25.37 8.43%
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