The world’s second-largest digital currency, Ether (ETH), rallied on Tuesday, hitting $1,439.33 on several crypto exchanges. This rally came very close to hitting the all-time high for ETH price, which was $1,448.18.
Ether, the current largest altcoin by market capitalization, flirted with a new ATH just over three years after it previously peaked on January 13, 2018. Ether’s price had been gaining momentum in the past few weeks, gaining 28% in a week and about 118% in a month.
Over the past seven days, ETH rose from $1,055 to the current trading value of $1,313. Although it was hit by a brief market correction triggered by Bitcoin‘s pullback from $40,000 to $30,000, the digital asset quickly regained momentum.
ETH Price To Hit Above $3,000?
The crypto space has reacted positively to Ether’s recent bullish run. Several cryptocurrency experts, analysts, and enthusiasts have predicted that the digital asset growth will continue, speculated to hit $3,000.
Popular economist and crypto trader Alex Krüger, while reacting to ETH bullish run, pointed out the digital asset will soon soar above the current threshold.
According to him, “Ethereum will soon pass to the next level. These are the levels to watch beyond all-time highs: 1500, 1600, 1920, 2000, 2240, 2500, 2750.”
#Ethereum will soon pass to the next level.
These are the levels to watch beyond all time highs: 1500, 1600, 1920, 2000, 2240, 2500, 2750. pic.twitter.com/suCZtt7Iv8
— Alex Krüger (@krugermacro) January 19, 2021
Ivan Liljeqvist, a popular crypto analyst via his YouTube channel, disclosed that the digital asset price will continue to rise. According to Liljeqvist, Ethereum price will hit $5,000 next month.
“We’ll go to $5K very quickly if we manage to breach this level. I think we’ll jump to $3K, maybe even $5K very very quickly. As soon as we reach all-time high, within a few weeks, I think we’re going to double…,” he said.
Messari crypto researcher Ryan Watkins also took to his official Twitter account, stating, “Ethereum’s daily transaction volume is going parabolic. It now settles $12 billion in transactions daily – $3 billion more than Bitcoin.”
Ethereum’s daily transaction volume is going parabolic.
It now settles $12 billion in transactions daily – $3 billion more than Bitcoin.
— Ryan Watkins (@RyanWatkins_) January 19, 2021
Carl Eric Martin, popularly known as The Moon Carl, also speculated the possible rise of the digital asset. He tweeted, “I’m EXTREMELY bullish on #Ethereum right now. We broke key resistance and this means that the price could explode in the next few weeks!”
Moon Carl further noted, “#ETHEREUM COULD SNAP TO $2000 ANY DAY NOW!!!” He added that now that the digital currency flirted with its all-time high, “it could rise like #Bitcoin, 100% in just a few days.”
#ETHEREUM COULD SNAP TO $2000 ANY DAY NOW!!!
— The Moon (@TheMoonCarl) January 19, 2021
Crypto analyst Lark Davis also predicted that $2,000 is in play for ETH. According to him, “#ethereum hit a new all time high by like a dollar or two on some exchanges, same thing happened with #bitcoin on the first big break out attempt! We all know what happened next.”
— Lark Davis (@TheCryptoLark) January 20, 2021
In a similar development, other influential individuals in the crypto space also reacted to Ether’s growth. Binance CEO Changpeng Zhao tweeted, “#ETH is about the join the new ATH club. ”
Circle CEO Jeremy D. Allaire also described Ether’s growth as long overdue. According to him, “This new $ETH ATH is so ridiculously long overdue. Look forward to seeing the breakout!”
Also reacting, Tyler Winklevoss, co-founder of the Gemini crypto exchange, noted, “Ether $ETH is ripping. Just below its all-time-high right now. Today could be the day for a new record!”
— Tyler Winklevoss (@tyler) January 19, 2021
Meanwhile, Mike Novogratz shared a personal experience on why to go with one’s gut while investing. He said, “Yesterday with $Eth around 1230 I had this instinct $Eth will double in a short time. Logic is as more institutions and hedge funds look at crypto, they will find their way to $Eth as well as $BTC and overall market cap isn’t big to move. My plan was to add 15 percent ago.”
Yesterday with $Eth around 1230 I had this instinct $Eth will double in a short time. Logic is as more institutions and hedge funds look at crypto, they will find their way to $Eth as well as $BTC and overall market cap isn’tbig to move. My plan was to add 15 percent ago
— Mike Novogratz (@novogratz) January 19, 2021
As of publication, Ether (ETH) was trading at $1,313, with a 24-hour trading volume of $47,807,404,586 and market cap of $153,272,709,047. ETH price also dropped by 3.1% over the last 24 hours. It has a circulating supply of 114 million coins.
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