March 28, 2024

Ethereum price increased by 30% per day, breaking the $ 1000 level

Ethereum price increased by 30% per day, breaking the $ 1000 level

The Ethereum price continued to rise that night. 24 hours ago one ETH could be purchased for $720, but as a resultThe 30% rally surpassed the $ 1,000 mark, which the market has not seen since January 2018. At present, the ether still lacks about 30% to the historical highs.

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Ethereum's jump is observed simultaneously witha slowdown in the explosive growth of the bitcoin rate - over the past day it increased by 3% and is about $ 33,000. The bitcoin dominance index at the time of publication is 69.6%, while on January 3 it rose to almost 73%.

One of the traders noticed that there was a large selling wall for ETH around $1,000. He subsequently added:

“The wall is gone. There is nothing above. I don't know if they took her away or swallowed her up, but she disappeared. FROMI read that the key level for ETH isabout $ 955. Although who am I kidding? Perhaps it will simply be possible to slip through it, since Bitcoin has shown us that none of these old levels mean anything anyway. ", Writes another.

Apart from Ethereum, many altcoins have shown strong growth in recent days. So, Dogecoin and Polkadot have doubled in price, while VeChain, Loopring and Nano have added more than 60%.

Previously, the Chicago Mercantile Exchange Group (CME Group) announced the launch of futures on Ethereum, which is expected to take place8 februaryafter the instrument has been approved by the regulator. Messari analyst Ryan Watkins believes that this could make 2021 the year of institutional inflows into Ethereum.

Ethereum price increased by 30% per day, breaking the $ 1000 level

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