This website uses cookies to ensure you get the best experience on our website

Blog

Date:
31st Dec 2020
Author:
CryptoAltum Research Team

Analyst: Buying ETH Below $1k is like Buying BTC at Sub $10k 


As the US prepares to air-drop another $2k, another analyst has once again declared that buying ETH below $1k is like buying Bitcoin when it was below $10k. The price of the digital gold has since more than doubled, soaring to a new high while several analysts are confident that ETH/USD, at spot rates, is undervalued. 


Details: 

With the launch of Ethereum futures at the CME, DeFi, and smooth implementation of Eth2 together with an influx of institutions to crypto with most considering ETH, Ethereum prices may rise above $1k and even clear its all-time high of $1.4k in 2021. The stability of the platform plus gradual improvement of the source code are all the ingredients required to prime buyers who are angling for $1k in the short-term but looking to correct the diverging correlation with BTC--an asset that’s already at a new all-time high. Once ETH bulls clear $1k, some analysts are confident that it would easily double to $2k.


Impact on the ETH Price: 

Bullish. Comments from analysts about ETH/USD prospects are overly bullish for the asset, a foundation for a moonshot above 2020 highs.


More market updates on our Blog 


Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020