Ethereum (ETH) Forced $ 700
The price of Bitcoin (BTC) above the $ 28,000 level has turned eyes away from altcoins. The fact that BTC/USD pair rose to $ 28,300 and experienced a slight correction led to unexpected movement, the rise of altcoins. While the price of Ethereum (ETH) has pushed $ 700 as of press time, analysts seem to have already pointed to that point.
Ether price pushes $ 700
Josh Rager, known for his predictions about hardly unknown DeFi projects and mostly ETH, was almost justified again with his prediction ahead of this ascension. Rager stressed that the ETH/USD pair will force $ 700 by breaking the resistance at the level of $ 676 in its chart.
Just about 30 minutes after the published ETH chart, the price of ETH suddenly jumped and began to push $ 700. Looking at the 10 largest cryptocurrencies by total market capitalization, it seems that all cryptocurrencies except XRP, USDT and LTC have risen in 1 hour.
Rager noted that the $ 700 band for ETH will be seen very soon, pointing out that altcoins will follow The Record-Breaking Bitcoin today. One of the key figures in the Ethereum ecosystem made a much more ambitious prediction than Rager.
Will the ETH and BTC rivalry escalate in 2021?
Ryan Sean Adams stressed that the rise in the price of ETH will “again” outstrip the rise in the price of Bitcoin in 2021. For this, the BTC, which rises from the $ 3,700 band to $ 28,000, must be passed. ETH is still nearly $ 700 away from its all-time high.