ARK Invest Unveils Its Ethereum (ETH) Outlook as Crypto Markets Move Back to Risk-On Environment | Crypto

ARK Invest Unveils Its Ethereum (ETH) Outlook as Crypto Markets Move Back to Risk-On Environment

An analyst at investment management firm ARK Invest says Ethereum (ETH) could start gathering more bullish momentum as The Crypto markets pivot back to a risk-on environment.

-In a new interview on The For Your Innovation podcast, ARK analyst Frank Downing says that The dust is settling In The Crypto markets after months of bearish price action.

-Downing says that The market is incrementally at The margins starting to trade more on fundamentals.

-a risk-off environment generally refers to a period when riskier assets like Crypto and stocks are sold In favor safe-haven assets like The US dollar.

-Downing then makes The bull case For Ethereum centered around its highly anticipated transition from a proof-of-work consensus mechanism to a proof-of-stake One, which is slated to occur mid-September.

-According to Downing, The strength of Ethereum is net positive For The long-term health of The digital asset space.

ethereum altcoins face downside ARK Invest Unveils Its Ethereum (ETH) Outlook as Crypto Markets Move Back to Risk-On Environment

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