Ethereum tops $ 1,000 in 30% rally in one day
Ethereum continued to climb this night. 24 hours ago, one ETH could have been purchased for $ 720, but as a result of a 30% rally, the price surpassed the $ 1,000 mark, which the market has not seen since January 2018. At the present time, the ether still lacks about 30% to the all-time highs.
The jump in Ethereum is observed simultaneously with a slowdown in its own explosive growth in the bitcoin rate - over the past day it has 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 drew attention to the presence of a large wall for selling ETH for about $ 1,000. Subsequently, he 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. "
“I believe the key level for ETH is around $ 955. Although who am I kidding? Perhaps it will just be able to slip through, 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%.
Ethereum is performing better than BTC for me right now and I think it will make that race over time. It won't knock bitcoin off its throne, but it will perform better over the longer term.... Many greetings