Ethereum Hits Three-Year High as Bitcoin Volatility Dims; Record Highs Ahead?

ILtXLZ66 980x568

Ethereum (ETH) reached levels it last tested in January 2018 as a less volatile Bitcoin kept creating upside opportunities in the $105 billion altcoin market. Ethereum blasts upwards towards its record high levels from early-2018. Source: ETHUSD on TradingView.com The second-largest cryptocurrency (by market cap) surged by roughly 10 percent on Monday to hit an intraday peak level of $1,391.82. Its rally appeared in absence of any concrete catalysts, prompting observers to call the move entirely speculative. Meanwhile, some also noted that the coin merely benefited from a lack of wild fluctuations in the Bitcoin market that open attractive intraday opportunities for long/short traders. I wouldn't mind if $ETH doubled after the ATH like $BTC did. — Narek Gevorgyan (@narek_gevorgyan) January 19, 2021 Bitcoin Slowdown The top cryptocurrency went on a corrective course after setting a record high of $41,986 on January 8. After a 30 percent decline, it started…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE