Liquid Capital founder Yi Lihua argued in a statement on X that Ethereum (ETH) has always outperformed Bitcoin (BTC) in interest rate cut cycles.
“As we expected, ETH has started targeting new highs against BTC after surpassing its all-time high. The target for ETH is $10,000,” Lihua said.
According to Lihua, during the interest rate cut process, not only ETH but also other major cryptocurrencies such as SOL, TON, LTC, along with tokens such as ENA, AAVE, Pendle, UNI, which are strong projects in the ecosystem, are showing an upward trend.
Lihua issued a warning to investors, saying, “I'm reminding you again: avoid short positions and buy on pullbacks. Don't be afraid of high prices in a bull market, but don't use high leverage and be wary of short-term corrections. Also, focus on exploring OTC income opportunities.”
However, the price of Ethereum recently broke its all-time high. Following Jerome Powell's speech in Jackson Hole, which was interpreted in a dovish light, the price of ETH experienced a significant surge.
*This is not investment advice.
