• Funding
  • Investing
  • Lending
  • Insurance
  • Banking
  • Wealth
  • Fintech
  • Venture
  • Crypto
Subscribe
No Result
View All Result
crypto
  • Crypto Coins
  • Crypto Trading
  • Bitcoin
  • Blockchain
  • DAPP
  • Crypto Investing
Home News Feed Blockchain News

Ethereum’s Price Surges to 31-Month High as ETH Whales Continue to Accumulate, Is $800 Next?

Blockchain NewsbyBlockchain News
January 2, 2021

Ethereum has recently been trading steadily above $700, and even surged above $750, hitting a 31-month high. Ethereum is currently trading at $751 at the time of writing, and is up by 1.5% in the past 24 hours, and over 26% in the past week. Although Bitcoin recently made new highs on consecutive days, Ethereum is still around 48% below its all time high reached in January 2018.

Webp.net-resizeimage - 2020-12-31T153247.717.jpg

According to crypto analytics firm Santiment, Ethereum has crossed $750 for the first time in 31 months, as 39 more Ethereum addresses holding more than 10,000 ETH has been discovered compared to 2 months ago. Santiment explained:

“With $ETH crossing $750 for the first time in 31 months, we’ve discovered that there are 39 more #Ethereum addresses holding 10,000+ $ETH compared to just 2 months ago. Meanwhile, the amount of addresses holding 1-10,000 $ETH have shrunk over this time.”

Santiment believes that the massive drop of smaller ETH addresses was due to a decentralized finance (DeFi) related anomaly, considering how large of the dropoff it was. CEO of Nuggets News Alex Saunders commented:

“Whales accumulate $ETH as retail sells. This is exactly what happened to $BTC at $10k-13k before blast off.”

According to Saunders, Bitcoin’s strength could possibly open the doors for opportunities to profit from Ethereum and large-cap altcoins. He explained:

“Weekly RSI is at 92 & has never been higher. This also means #Bitcoin has never been stronger at this very moment in time. But also opens the door to a period that is less strong. I continue to believe there’s better risk to reward in $ETH & $ALTS now.”

A cryptocurrency trader believes that Ethereum would hit over $800 soon, and would eventually outperform Bitcoin. The trader said:

“Another day being long $ETH instead of $BTC. I do think ETH will hit my target, $800+, soon and eventually outperform BTC. That said, one of main mistakes I’ve made this month is longing $Alts that have mostly underperformed BTC. Still made money, but less than I could have.”

Co-founder and CEO of Gemini Exchange Tyler Winklevoss offered some perspective into the current Ethereum price, saying:

“The price of ether $ETH right now is $735. This is 51% off of its all-time-high, which is like buying #Bitcoin at 14k. What a steal.”

Image source: Shutterstock Read The Original Article on Blockchain.News

Tags: CryptoETHEthereum

Related Topics

Personal Finance

Powerball surges to $730 million. Do this first if you win

Stocks making the biggest moves midday: Poshmark, JPMorgan, Wells Fargo, Zoom, Spotify & more

Prev Next

You May Like

Personal Finance

Powerball surges to $730 million. Do this first if you win

Stocks making the biggest moves midday: Poshmark, JPMorgan, Wells Fargo, Zoom, Spotify & more

Bitcoin

Donald Trump Banned From Twitter in Final Days of Presidency

Investing

Fintech start-up SoFi to go public via SPAC backed by Chamath Palihapitiya

Financial News

Bitcoin

Russian Hydropower Giant Opens Bitcoin Mining Farm

CoinDesk
by CoinDesk
Blockchain News

Uniswap: Everything You Need to Know

Blockchain News
by Blockchain News
Blockchain

Singapore to Pump $8.9 Million Into National Blockchain Ecosystem

Blockchain News
by Blockchain News
Personal Finance

Wealthy families, hoping to save on taxes, are in a holding pattern. Here’s why

CNBC News
by CNBC News
Advisory

Here’s how you can size up climate change to tap into smart investment opportunities

CNBC News
by CNBC News
Blockchain News

China’s Central Bank and Watchdogs Meet with Jack Ma and Ant Group Execs following Regulation Criticism

Blockchain News
by Blockchain News
Personal Finance

A renowned wine touring region that welcomes kids

CNBC News
by CNBC News
Bitcoin

VanEck Launches Bitcoin Exchange-Traded Note on Deutsche Boerse

CoinDesk
by CoinDesk
Load More

© 2020, FinanceLane

Home | Contact | Terms and Conditions | Disclaimer | Privacy Policy

  • Home
  • News Feed
    • Equity Funding
    • Debt Funding
    • Crowdfunding
    • Real Estate Funding
  • Investing
    • Stocks
    • Bonds
    • Mutual Funds
    • Private Equity
    • Merging & Acquisition
    • Real Estate
  • Lending
    • Personal Loan
    • Business Loan
    • Credit Card
    • Microfinance
    • Peer-to-Peer Lending
  • Insurance
    • Life Insurance
    • Auto Insurance
    • Education Insurance
    • Health Insurance
  • Banking
    • Business Banking
    • Payments Bank
    • Investment Banking
    • Individual Banking
  • Wealth
    • Earning
    • Savings
    • Investments
    • Budgetting
    • Credit Management
    • Tax Planning
    • Retirement
  • Fintech
    • Alternative Financing
    • Payments
    • Asset Management
    • Digital Banks
    • Softwares
  • Venture
    • Startup Ecosystem
    • Merging & Acquisition
    • Equity Investing
    • Franchising
    • Business Offers
  • Fintech
    • Alternative Financing
    • Asset Management
    • Digital Banks
    • Softwares
    • Payments
  • Crypto
    • Crypto Investing
    • Crypto Trading
    • Crypto Coins
    • Bitcoin
    • Blockchain
    • DAPP
  • Subscribe
  • Contact
  • Login

© 2020 FinanceLane - Terms and Conditions | Disclaimer | Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

← CryptoQuant CEO: Bitcoin Could Face Correction As Institutional Investment Stalls ← Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.