Ethereum News Today: Investors Bet on Cold Wallet’s ROI Hype Amid ETH’s Bumpy Road to $5,000

Cold Wallet, a leading player in the cryptocurrency storage sector, has drawn attention with its low entry price of $0.00998 per token and a projected 3,423% return on investment (ROI) if the Glacier Rank, a newly introduced metric, reaches expected levels. This comes amid broader optimism around Ethereum (ETH) and other major cryptocurrencies, including Cardano (ADA), which has shown signs of nearing a $1 price point. These developments are being closely watched by investors and analysts who are evaluating the potential for both short-term volatility and long-term growth.

Ethereum, currently trading above $4,550, has experienced a recent dip after reaching an all-time high of $4,946 in late August. Fundstrat Head of Research Tom Lee predicted a short-term bottoming out of the token around $4,300 to $4,400 before rallying above $5,000 in the near future. This forecast is supported by Mark Newton, Fundstrat’s Global Head of Technical Strategy, who suggested Ethereum will not fall below $4,000 in the coming weeks. According to a Myriad Linea survey, 80% of respondents believe Ethereum will surpass $5,000 within the year, further reinforcing the sentiment that the token is in a favorable position to rebound.

However, not all analysts share this bullish outlook. TradeNation’s Senior Market Analyst David Morrison noted that Ethereum appears overbought based on its daily MACD indicator, suggesting that a period of consolidation or a pullback may precede any significant upward movement. He also emphasized that Bitcoin currently looks more appealing in terms of upside potential, as its technical indicators have stabilized. Meanwhile, eToro’s Simon Peters highlighted the historically weak performance of cryptoassets in September and warned that a potential Fed rate decision in late September could influence Ethereum’s trajectory in the short term.

Despite these short-term uncertainties, several market analysts are confident in Ethereum’s longer-term prospects. Simon Peters cited the favorable regulatory environment in the U.S., growing institutional interest in Ethereum-based stablecoins, and the rising demand from spot ETFs as key drivers. He also pointed to global monetary trends—such as falling interest rates and increasing money supply—as factors that could boost disposable liquidity and drive more retail investment into crypto. These macroeconomic conditions, combined with Ethereum’s role in the tokenization of real-world assets, are seen as tailwinds for the asset class in the coming months.

Cardano (ADA) is also experiencing a surge in attention, with its price inching closer to the $1 mark. While the token’s immediate performance remains tied to broader market sentiment and Ethereum’s movement, its fundamentals and development roadmap continue to attract both retail and institutional investors. Analysts are watching closely to see whether ADA can sustain its momentum or if it will be affected by broader market corrections. In parallel, Cold Wallet’s projected ROI, based on the Glacier Rank metric, offers another potential avenue for investors seeking high-reward opportunities in the crypto space.

Source: [1] Fundstrat's Lee Predicts Ethereum Bottom and Rally ... (https://decrypt.co/336896/fundstrats-lee-predicts-ethereum-bottom-rally-5000) [2] Fundstrat's Tom Lee Predicts Ethereum Bottom and Rally ... (https://finance.yahoo.com/news/fundstrats-lee-predicts-ethereum-bottom-195031823.html)