ETH has reached a new ATH: $1644

[MrSpasybo 1049]

ETH had a great day when the price rose 7.4% and created a new ATH = $1644. My friends are very excited, some people want to buy more, some people want to sell for profit. We are speculating on the reasons why the price of ETH is so strong:
+ GrayScale buys an additional $38M in ETH;
+ The popularity of very positive predictions about the ETH market & price in the coming time;
+ The price of BTC moving sideways makes Altcoins more motivated to grow;
+ The expectation on ETH2.0 is growing;
+ The longer expected prolongation of the DeFi wave on Ethereum;
+ After BTC, ETH becomes the next target of whales;

What do you think is the reason for this impressive growth of ETH? And how will ETH price move in the future?

[jackycrypto485 1055]

All these reasons you mentioned are logical to make Ethereum move to the upside, of course the first engine of the market is Bitcoin and we are witnessing very large movements in the Bitcoin market and this makes Altcoin all in a state of growth, I expect ETH to surpass 2000$ soon and achieve new ATH.

[Whited35 15285]

On 2/4/2021 at 4:25 AM, MrSpasybo said:

What do you think is the reason for this impressive growth of ETH? And how will ETH price move in the future?

Yes, the mentioned reasons are pretty much impressive and they are responsible to cause the raise of ETH price in the markets. Price of ETH can go even beyond our expectations because ETH 2.0 staking needs 32 ETH to run the validator node and bigger whales can make it target to purchase a huge amounts of Ethereum from the cryptocurrency markets. You wrote this topic once ETH hit $1644 but there was already my another similar topic, you can check that here https://cryptotalk.org/topic/345037-ethereumeth-has-broken-the-1500-mark-for-new-ath/

 

[rekter 8129]

On 2/4/2021 at 12:40 AM, MrSpasybo said:

What do you think is the reason for this impressive growth of ETH? And how will ETH price move in the future?

There are few possibilities. I wasn't suspecting this, but even "flippening" (term for something passing btc marketcap), could happen. 

 

Only thing preventing ETH surpassing BTC marketcap now is the fact it's too costly to use. When that gets fixed. For the first time i am thinking that eth could take a lead.

 

Noteworthy thing is that, in the past any talk about flippening has been an indicator for the end of the bull run. Because that's where the btc dominance has been weakest.

 

Even if eth won't do flippening i can see it passing $20k this year. I have been expecting that for a long time now. But if it does that while not surpassing btc marketcap, the crash for ETH and other alts on next bear run will huge.

Edited February 6, 2021 by rekter

[Dorjoy12 8962]

On 2/4/2021 at 4:40 AM, MrSpasybo said:

What do you think is the reason for this impressive growth of ETH? And how will ETH price move in the future

Your all the mentioned  point of eth pump is suitable  and there has no point again behind the pump.. But GrayScale made a good support  place for eth so eth trader come on it.. Secondly eth 2.0 step keep working which also attract investor  to invest on eth.. 

[Cleaner 2549]

On 2/4/2021 at 4:40 AM, MrSpasybo said:

 

What do you think is the reason for this impressive growth of ETH? And how will ETH price move in the future

ETH crypto is the 2nd best currency in the world.  Its popularity and users have increased a lot.  Many tokens are controlled by Ethereum blockchain. As a result, the number of Ethereum users has increased.  grayscale is supporting ether a lot and has arranged for ether staking.  As a result, many hold ether.  These are the reasons why the price of ethereum  is increasing so much

[Froshk 1828]

Well like I do tell people, this year is actually the year of the ethereum coin, we might likely see a for $5,000/ETH before the YEAR runs out or perhaps more than that. let's see what's the end of the YEAR brings

[Zizu 2374]

Here is our updated Ethereum price analysis for March 2021! ETH has been outperforming Bitcoin so far, but what does the Ehtereum forecast say for the rest of the month? Over the last 24 hours, the Ethereum technical analysis has recorded gains of 7.37%. And one of the factors responsible are the unprecedented sales of non-fungible tokens that will likely continue to push the Ethereum price. March 2021 has so far seen an incredible frenzy in the NFT sub-sector. And with prospects of more growth, it’s more than likely we’re going to see a further increase in buying pressure in the Ethereum price analysis. With that in mind, many analysts are setting their Ethereum price target above $2000 this year. But the outlook is still positive even for the short-term Ethereum forecast. March would still need to see the price clear the significant resistance level of $1890 first, though. Watch the full video for our take on the Ethereum March 2021 price analysis and a deeper insight into what to expect from the cryptocurrency in the weeks ahead.