Ether Tops $1.7K, Setting New File as CME Futures Launch Nears

[ad_1]

Ether’s (ETH) bull run continues with costs topping the $1,700 mark to set new all-time highs.

On the present value of $1,717, the native token of Ethereum’s blockchain is up 5% on a 24-hour foundation, in keeping with CoinDesk 20 knowledge. The cryptocurrency has gained 30% thus far this week.

Dealer and analyst Alex Kruger foresees a continued rally towards $1,920 forward of the launch of ether futures on the Chicago Mercantile Change on Feb. 8.

Ether’s current rally seems much like bitcoin‘s (BTC) staggering rise from almost $6,200 to $19,783 seen in weeks main as much as the CME futures launch on Dec. 17, 2017. The bull market ended following the futures launch and costs fell as little as $3,200 by December 2018.

Kruger doesn’t count on an enormous dump in ether after Feb. 8. “I don’t count on a crash after the launch, because it occurred in 2017. For 2 causes. First, the market is now extra mature, the macro is completely different, and there are completely different gamers concerned. Second, ETH stays a excessive beta asset. BTC determines the market course, ETH follows,” Kruger tweeted.



[ad_2]

Source link

ALTCOIN NEWS BITCOIN NEWS BLOCKCHAIN NEWS CRYPTOCURRENCY NEWS ETHEREUM NEWS EXCHANGES NEWS LITECOIN NEWS MARKET NEWS REGULATION NEWS
Gamestop
Important Facts of Gamestop Entering into Cryptomarket
UniFarm
UniFarm Raises $2 Million After Launching Innovative Farming Pool Featuring 17 Top DeFi Projects
XRP, FTX Token, Waves Price Analysis
#HODL #SHILL YOUR SH*T COIN! #SPOTTED! #VIRALS BITCOIN SCAM WATCH FUN QUIZZES
bitcoin-scams
Top 5 Bitcoin Scams you should be aware of!
Instagram Influencer Accused of Scamming Followers Out of $2.5M In Bitcoin Scams
five assorted color cars parked inside room
WHAT WILL YOU BUY WITH YOUR BULL MARKET GAINS?
FAQ'S INTRODUCTION TO BITCOIN INTRODUCTION TO BLOCKCHAIN INTRODUCTION TO CRYPTOCURRENCY EXCHANGES
Cryptocurrency
4 Amazing Perspectives of Cryptocurrency Characteristics, Everyone Should know
How bitcoin Transactions Work
Bitcoin For Beginners: 5 Plus Important Reasons Why You Should Understand The Future Impact of Bitcoin On Society
blockchain
5 Important points about Blockchain, Cryptocurrency, and Bitcoin(Safe or Not)
EXCHANGES WALLETS
coinbase
4 Best Crypto Coins on Coinbase
flat lay gadgets beside bearded man
ULTIMATE LIST : BEST BITCOIN AND CRYPTOCURRENCY WALLETS 2021
person shopping online
2021 BEST BITCOIN AND CRYPTOCURRENCY HARDWARE WALLETS TO STORE YOUR COINS SAFE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.