Chinese Analysis Firm Releases New Forecasts for Ethereum (ETH) Price

Yi Lihua, founder of Liquid Capital (formerly LD Capital), announced that he is maintaining his price target for Ethereum (ETH) at $10,000 for next year. In his assessment, Lihua stated that trend investments offer “beta returns” to a wide range of investors, while volatility-based trades provide “alpha returns” that are only suitable for a professional minority. Related News: Bitcoin Surpasses $121,000 - Bullish Sentiment Emerges as Experts Explain the Reason for the Rise Lihua stated that short-term market corrections and volatility create buying opportunities, noting that the upcoming October interest rate cut could be the “last opportunity to bottom.” According to the renowned investor, the long-term bull trend will continue, with ETH's ultimate target being $40,000. Meanwhile, on-chain data revealed that Yi Lihua's Trend Research firm deposited a total of 55,851 ETH ($243.65 million) into Binance in the last 24 hours. This move, along with Lihua's market assessments, drew attention. At the time of writing this article, the ETH price has risen above $4,500 again after a long period. *This is not investment advice. Continue Reading: Chinese Analysis Firm Releases New Forecasts for Ethereum (ETH) Price