Retailers are usually attracted to cryptocurrencies, because they think it’s late for Bitcoin.
Ether’s price (ETH) is close to $ 4,000 and is again received as a good investment
The ground already begins to vibrate with the rumble of a new millionaire march. They are retail investors, who return strongly to the cryptocurrency ecosystem.
The Searches In Google how to buy Ethher (ETH), the cryptocurrency of the Ethereum Network, returned to their levels two years ago, in what seems to be A return of the mass of individual investors who are seduced by the performance of that asset.
As can be seen in the graph, the current level of the search for “Buy Ethereum” (buy Ethereum in English) is 15 points, something not seen since December 2022 and January 2023, when the retail interest in this cryptoactive was also present among Google users, the largest internet search engine.
All this happens in a context in which Ether approaches USD 4,000, and is just over 20% of a new historical maximum (ATH). The last record was recorded in November 2021, and was $ 4,890. Just that year, searches for how to buy ETH shot on Google, reaching 70 points in May.
In the last three months, ETH has increased its price by 135%, from $ 1,570 to USD 3,700, as can be seen in the following graph provided by TrainingView.
This has its origin in different factors, among them, the growing institutional adoption of this active asset and American ETFs. As well as for the fact that investor money is moving from BTC to Ether, as cryptoics has reported.
For analysts like Mike Fay, Ether can be a long -term “good investment.” He considers that ETH shows no signs of being an “irrational bubble” and that the increase in cryptocurrency has been organic.
In addition, there are specialists, such as Eric Jackson and Gert Van Lagen, who project that ETH will reach USD 10,000 or USD 18,000 in this upward cycle.
“It’s late for Bitcoin”
In general, Google searches with respect to ETH usually reflect a marked feeling among retailers, who are attracted to cryptocurrencies considering that it is too late to invest in Bitcointhe largest digital active in the market.
They believe that BTC has already reached a roof in this cycle and that will not go beyond its last historical maximum. In this case, of the USD 123,000, reached on July 15, as cryptootics reported.
This behavior is common in cryptocurrency market cycles, which has well -defined phases. In the first, everything goes to Bitcoin, generating new records in the price of the asset. In the second, interest perches on ethlighting the motors of the “Altseason” or cryptocurrency season.
In the third phase, the large cryptocurrencies begin to benefit from the investment wave and, in the fourth and last, the euphoria arrives and the speculative demand of any digital asset is triggered.
We are currently in phase 3 of this cycle, considering that ETH has already demonstrated a massive interest that has been reflected in its price, and that the price of other large cryptocurrencies, such as XRP, began to break records, as reported by this medium.
To this is added that the Altseason index developed For the firm Blockchaincentr does not stop turning towards a season for cryptocurrencies. This is so, at the close of this report, 51% of the top 50 of the main cryptoactives are already more profitable than BTC, as can be seen below:
According to this criterion, if 75% of the 50 main cryptocurrencies served better than BTC for 90 days, it is an “Altseason.”
Bitcoin alive and cooling
Nevertheless, This does not mean that BTC has stopped importing. In fact, the currency created by Satoshi Nakamoto maintains a market dominance of the 61% And its current price, from USD 118,000 per unit, is just over USD 5,000 of a new historical maximum. This has been promoted by high demand by institutional investors, as well as retailers.
The above is demonstrated by the Bitcoin ETF negotiated in the United States, which until July 21 registered 12 days of consecutive money tickets, which exceeded USD 6,035 million, according to the data of Sosovalue. In addition, in the last six weeks, BTC ETFs have collected more than 10,500 million dollars, evidencing the massive participation of this market in the Bitcoin sector, as seen below:
This has been reflected in a substantial price increase. In that same period, Bitcoin increased 9.79%, going from USD 108.00 to USD 118,600, which is the current price. In that interim, BTC marked an AT of $ 123,000.
On the other hand, although perhaps not with the effusivity of ETH, the searches of “Buy Bitcoin” in Google They start To rebound slightly. Currently, it is in 12 points, a 4 -point recovery compared to April and May; although still far from the records of December 2017 and February 2021, when the level reached 100 and 36 points, respectively.
This means that, as is the case with eth, In Bitcoin also begins to feel the presence of retail investorswhich, in addition, are accumulating coins at a much larger pace than the amount that is issued every month, as cryptoics reported.
