As Ethereum (ETH) price approaches $4,200 (approximately 58.38 million won), John Deaton, an XRP-supporting US lawyer, has presented an interesting perspective on the Ethereum market. He assessed that currently buying Ethereum offers the most attractive risk-reward conditions in years.
Deaton recently stated that the current price range—below $5,000 (approximately 69.50 million won)—presents a more asymmetric investment environment than the early stages of the previous bull market. He cited that the upside potential is significant while the downside risk is relatively limited, describing it as a moment of 'structural transformation' rather than a simple short-term rebound.
This claim follows a similar logic he presented in April. At that time, when Bitcoin (BTC) was trading around $94,000 (approximately 130.66 million won), he noted that while individual investor search interest was low, institutional investor proportion was increasing. This time, he interprets it as a 'favorable phase for Ethereum' where institutional market restructuring and regulatory clarity intersect.
In fact, Ethereum has surged over 28% in a week from its August 2nd low of $3,280 (approximately 45.57 million won), breaking through $4,000 (approximately 55.60 million won). Currently, the $4,150-$4,200 (approximately 57.70-58.38 million won) range is acting as a short-term support line, and if maintained, the possibility of reclaiming the all-time high of $4,878 (approximately 67.79 million won) is being discussed.
Deaton does not view this price movement as a simple balance adjustment. He sees it as a rare opportunity where market structure maturity, regulatory environment progress, and institutional fund inflows organically interlock. Particularly, he believes Ethereum's long-term buying appeal stands out due to better entry prices compared to the past and reduced regulatory uncertainty.
Deaton's analysis is interpreted not just from a legal expert's perspective, but also as a statement suggesting that now is the time for market participants to readjust their strategic positioning. This underscores why structural interpretation and risk analysis become even more crucial amid high volatility.
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