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Date:
05th Apr 2021
Author:
Dalmas Ngetich, for CryptoAltum News Team

Ethereum Price Rockets to new All-Time Highs

The Ethereum price is now trading above $2k, posting a new all-time high above $2.1k at the back of supportive news, including Mark Cuban comments and a shift to Layer-2. Above all, the Ethereum network is more solid, vibrant, and comprises many moving parts nullifying feeble attempts from the so-called "Ethereum killers" from taking over.


Details: 

According to Mark Cuban, a billionaire investor, Ethereum is the closest digital asset to being an actual currency. He says the Ethereum network is better than Bitcoin, which he says is suitable to store value, not as a medium of exchange. Mark is specifically interested in Ethereum's adaptability and developers' ability to iterate due to the network's support of smart contracts. With self-executing smart contracts, Ethereum is now the home of both DeFi and NFTs—whose popularity has been surging in recent weeks.


Impact on the ETH Price: 

Bullish. The Ethereum price is technically undervalued versus the BTC, judging from candlestick arrangements. Consequently, it could print higher, adding to last week's gains to post a new all-time level at over $5k and even $10k, as project's supporters say.


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