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


04th Jan 2021
CryptoAltum Research Team

Ethereum Exponential Rise above 1k, a Whales Game?

Over the weekend, the Ethereum price added double digits, easing past $800 to peak at $978 and reaching $1.02k in the late New York Session. A feat, the exponential expansion once again highlights the position of ETH in the eyes of investors. In H1 2021, several fundamentals events are lined up; the activation of each would positively impact ETH, fanning the interest from HNWI that may, in turn, drive prices even higher.


Ethereum is emerging as an alternative to Bitcoin for investors who think they are late on the crypto train. At spot rates, some analysts contend, scooping ETH is like buying BTC when it was trading below $10k. Accordingly, this could be the reason why ETH prices have been rising as traders position themselves for a moonsling, a milestone that may see ETH/USD prices "easily double" to $2k.

Impact on the ETH Price: 

Bullish. Different variables affect ETH/USD performance. One of them is its direct correlation with Bitcoin, perceived undervaluation, and supportive on-chain metrics. 

For more market news head on over to 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