On Tuesday, February 2, the Ethereum rate on the Binance crypto exchange reached $ 1,458. The cryptocurrency approached its all-time high of $ 1475, which was set on January 25. Over the past day, the price of the asset increased by 8.5%, its capitalization exceeded $ 165 billion, writes RBC Crypto.
In the near future, ether may continue to grow in price above the $ 1400 mark, says NewsBTC analyst Ayash Jindal. According to him, the cryptocurrency is in the positive zone while it is trading above $ 1320 and $ 1350. The asset broke a strong bearish trend when it crossed the $ 1,325 mark, the expert said.
He predicted that now the value of the asset could rise to $ 1,480. A shitty resistance level is around the $ 1500 mark, but if bitcoin can’t hold above $ 1390 and $ 1400, it will continue to fall in price. A strong support zone has formed at around $ 1340, after which there will be a risk of falling to $ 1320 and changing the uptrend to the downtrend, the expert warned.
Earlier, the leading analyst at 8848 Invest, Viktor Pershikov, predicted that this year the Ethereum rate could rise to $ 2 thousand. The expert explained this by the partnership between the Ethereum Foundation and the popular portal Reddit. He will assist the blockchain project in solving the scalability problem.