$ETH Less Than 9% From All-Time High, Gemini CEO Says ‘When in Doubt, Ethereum’

According to data by TradingView, around 08:00 UTC on Sunday (January 10), on Bitstamp, the Ether (ETH) price got as high as $1351.

According to data by CryptoCompare, this was the highest price ETH has been since 13 January 2018, when it reached its all-time high ($1422.86).

Currently (as of 17:00 UTC on January 10), ETH-USD is trading around $1300, up 6.22% in the past 24-hour period and up 76.4% since the start of 2021. The Ether price is at the moment less than 9% from its Jan 2018 all-time high ($1422).

Last Friday (January 8), one Ethereum influencer summarized the things that need to happen for layer 2 solutions to become much more widely used:

According to Etherscan, as of 17:10 UTC on January 10, the balance of the Eth2 Deposit Contract address (i.e. 0x00000000219ab540356cBB839Cbe05303d7705Fa) is 2,352,418 Ether (worth around $3.02 billion with ETH at $1300).

Rafael Schultze-Kraft, CTO at on-chain market intelligence startup Glassnode, said yesterday that last year Ethereum “flipped Bitcoin in network fees.”

And on the same day, Tyler Winklevoss, Co-Founder and CEO of crypto exchange Gemini, perhaps sensing that Ether’s all-time high price could soon be broken, tweeted:

Featured Image by “elifxlite” via Pixabay.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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