At the time of writing, Ethereum is the top-performing crypto asset in the top fifty by market capitalization. Adding 13% on the day, ETH has surged from $1,380 to a new all-time high of $1,560 according to Tradingview.com.
Chart – tradingview.comThe move has given the asset a 15% increase over the past seven days and it has over doubled in price since the beginning of this year. Investor Mike Novogratz hinted at an ETH price of $2,600 if the bullish momentum continues.
Ethereum Strengthens All Round
Following Bitcoin’s ATH on January 8, it was only a matter of time before Ethereum caught up with its own. People say that history often rhymes with crypto markets which are pattern-based. Back in 2017, the gap between the two assets hitting their peak prices was 27 days, fast forward three years and that gap is an uncannily similar 27 days.
The ETH price peak has had a wider effect on the Ethereum ecosystem as observed by industry expert Anthony Sassano.
There is now $4.5 billion worth of $ETH locked in the eth2 deposit contract.
— Anthony Sassano | sassal.eth