Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements. Jan 21
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Ethereum reached an all-time-high yesterday, January 19, 2021, closing the new ATH at $1438.66.
The Ethereum ecosystem has significantly benefited from the booming decentralized finance industry.
The current data suggests an imminent explosive bull run that could propel Ether to even greater heights.
On Thursday, January 14th, the Ethereum altcoin keeps correcting, trading at $1,122.
As the asset retested its all-time high, Ethereum traders and investors are eagerly awaiting the launch of CME’s Eth futures scheduled in four weeks.
Ethereum (ETH) is expected to approach its new all-time high of over $1400. With this Ethereum’s 2021 returns so far stand at nearly 80%.
Having hit a new all-time high of $38,280, Bitcoin is now trading at around $37,950 showing a growth of more than 8% in the past 24 hours.
ETHE shares started to plummet on December 24, when it lost over 18% within 24 hours while Ether had seen a drop of just 3% within the same period.
Ethereum starts the year with a bang skyrocketing over 40% on Sunday, January 3 while making a strong move towards its all-time high. Institutional buying in ETH has also picked up considerably in a few years.
As BTC continues to hit new all-time highs, Ethereum (ETH) has also joined the rally surging past $725 levels in a strong bull run. Analysts say that the Ethereum journey is just getting started and 2021 could be an even bigger year for the crypto asset.
The end of the year is approaching, and the crypto price surge is still going strong. Bitcoin and Ethereum have managed to hold on rather well after reaching their yearly highs recently, not allowing the resistances standing above to push them down too hard.
On Thursday, December 24th, ETH is declining, trading at 580.00 USD.
Within three weeks of the launch of Ethereum 2.0 Beacon Chain, the Ethereum deposit contracts have seen over 2 million ETH inflows which is 380% more than the threshold value.