Bulls Calls for a $2,000 Ethereum as It Hits Another Record High

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Ethereum reached another record level on Tuesday as traders assessed its limited supply against the euphoria surrounding the launch of ether futures on the Chicago Mercantile Exchange next week. The second-largest cryptocurrency almost hit the $1,700-level for the first time in history after rallying for almost eleven months that saw its price rising by more than 1,750 percent since last March. Its gain appeared as a part of a broader bullish trend in the cryptocurrency market, boosting many, including Bitcoin, AAVE, and UniSwap, to their all-time highs. On the whole, the market interest has surged after institutional investors started pouring their capital into the Bitcoin market, believing the benchmark cryptocurrency would act as their hedge against inflation caused by ultra-dovish Federal Reserve policies and the US government’s expansive stimulus programs. Traders Turn Investors/Yield Hunters Retail investors also turned to Bitcoin while upgrading their bets in the alternative cryptocurrency markets. Ethereum…

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