$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) $ 17,080.78 0.43%
ethereum
Ethereum (ETH) $ 1,270.71 0.50%
tether
Tether (USDT) $ 0.999912 0.03%
bnb
BNB (BNB) $ 290.12 0.22%
usd-coin
USD Coin (USDC) $ 0.999432 0.23%
binance-usd
Binance USD (BUSD) $ 0.999681 0.23%
xrp
XRP (XRP) $ 0.391890 0.12%
dogecoin
Dogecoin (DOGE) $ 0.100285 1.89%
cardano
Cardano (ADA) $ 0.318411 0.82%
matic-network
Polygon (MATIC) $ 0.917640 0.22%
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