Daily Trade News

Warp speed to $2,000? Watch these levels as Ethereum nears all-time



Warp speed to $2,000? Watch these levels as Ethereum nears all-time high

(BTC) is currently approaching $40,000 after seeing massive gains in the first seven days of 2021. This is a 100% move up from the previous all-time high in December 2017. In other words, the price levels it took Bitcoin three years to recoup have now nearly doubled in a matter of weeks.

ETH, BTC price gains, January 2021. Source: Digital Assets Data

Meanwhile, the price of Ether (ETH) has surged by more than 100% in three weeks. However, it has yet to break its all-time high of roughly $1,420 set on Jan. 13, 2018.

3-day chart. Source: TradingView
ETH/USD 1-week chart. Source: TradingView