ETH hit a new ATH of as much as $ 2,217 overnight. Does this mean that the Ethereum cryptocurrency has just started a new boom and the so-called altcoin season?
ETH with the new ATH
What is happening in the Bitcoin market? ATH BTC is currently $ 61,699. Today, however, Bitcoin costs “only” USD 60,698, so it will probably soon break its record level on the chart.
However, we are more interested in ETH. It costs a whopping $ 2,189 at the time of writing, but surpassed previous ATH overnight. Currently, it amounts to as much as $ 2,217. This means that the price of ETH has increased by more than 4 percent. on a 24-hour scale and 2.69 percent. within 7 days.
Is this the last wave of the bull market?
Is the jump in the ETH price just starting the last wave of the bull market? Note that other altcoins are also growing strongly. Ripple’s XRP has increased by over 65 percent. on a weekly basis. Binance Coin by nearly 40 percent, and LTC by about 10 percent. Probably ETH also did not say the last word and in a few days its value will increase by several dozen percent. (however, this is not an investment advice!).
On the one hand, it can make us happy. On the other hand, it is worth noting that solid gains in altcoins usually ended cryptocurrency bubbles. Will it be the same now?
Analysts disagree on this. Well-known trader Michaël van de Poppe revealed, for example, recently what ATH expects in terms of Bitcoin, Ethereum and several other cryptocurrency assets. If we are to believe him, there is a very interesting time ahead of us.
In a new tweet, Van de Poppe told his followers that he expects Bitcoin to end its boom with a price tag of between $ 350,000 and $ 450,000. In turn, ETH would go up to levels between $ 10,000 and $ 17,500.
Current Bitcoin rate and other cryptocurrencies, you can always check the tabs: exchange rate Bitcoin and the cryptocurrency rate at . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will find out how you can efficiently create one: LINK.