PANews reported on August 23 that according to CoinDesk, Sam Gaer, chief investment officer of Monarq Asset Management's Directional Fund, expects the price of ETH to rise above $5,000 in the next few days. He said: "We maintain our overall bullish stance. Market internal factors remain positive, with few signs of overheating, and as you pointed out, both BTC and ETH are expected to hit record highs. Powell's dovish stance paves the way for a short-term breakthrough of $5,000 (which is not the most difficult to judge). As many SPAC transactions announced this summer have ended or exited, coupled with continued institutional and retail capital inflows, demand for treasury investment tools should increase in the fall. OTC trading platforms and market makers have stronger demand for ETH than BTC, which suggests that its market performance may also be better in the future."