The rate of ether, the own cryptocurrency of the Ethereum network, continued to grow this Tuesday and on most major exchanges reached a new all-time high at the psychologically significant level of $ 1,500. The rise per day is more than 13% and almost 100% per month.
Bitcoin also rose by 5% today, but it still remains in its established channel about $ 35,000. Also among the major cryptocurrencies, Cardano and Litecoin showed remarkable dynamics with an increase of 22.6% and 11.7%, respectively. As a result, Cardano is ranked sixth in the list of the largest cryptoassets.
Rekt Capital analyst, referring to his earlier forecast, writes:
“This is exactly what happened. ETH was able to close on the 4-hour candlestick above the blue line and successfully turned it into support. Once ETH fully confirms the breakout, only heaven will be the limit. ”
“ETH is hitting a new high because the ETH / BTC pair is pushing it up, not the BTC / USD pair pulling it. This is what we want to see now, ”says analyst Nick Patel.
The CryptoKaleo analyst sees the further trajectory of ETH as follows:
At the same time, there are a number of fundamental factors that help ETH move up. On February 8, Ethereum futures will be launched on the Chicago Mercantile Exchange (CME), opening the cryptocurrency to a wider range of traditional investors. As a result, ETH will become the only digital asset besides Bitcoin available for trading in this format.
In addition, in recent days there has been a significant influx of new users to crypto-related sections on Reddit, including r / ethtrader, amid disaffection from retail investors over restrictions on trading with traditional brokers. The space of decentralized finance, inextricably linked with Ethereum, is also positively influenced by this phenomenon.
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