ETH price hits new all-time high above $1,500 days after previous record

ETH price hits new all-time high above $1,500 days after previous record

The price of ETH, the native cryptocurrency of the Ethereum network, hit a new all-time high on Tuesday.

ETH’s value shot past $1,500, according to data from TradingView. This development comes days after ETH’s previous record-setting high was hit on January 19.

At time of writing, ETH is trading hands at roughly $1,515, having hit a high of $1,542.

ETH remains the second-largest cryptocurrency by market capitalization, with today’s price surge driving market capitalization to new heights as well. It now sits at roughly $174.2 billion.

Crypto Market Update for 2 Feb 2021: Bitcoin Above $35K, Ether Near ATH, Polkadot ETP

This article provides an update (as of 10:45 UTC on 2 February 2021) on the latest thinking on Bitcoin (BTC), Ethereum (ETH), and Polkadot (DOT) by influential crypto analysts, investors, and traders, and other thought leaders.

Bitcoin (BTC)

According to data by TradingView, on crypto exchange Bitstamp, Bitcoin traded in the range $32,396 (at 00:31 UTC) – $34,701 (at 09:05 UTC) on Monday (February 1).

Currently (as of 10:57 UTC on February 2), BTC-USD is trading around $35,118, up 2.12% in the past 24-hour period and up 21.21% in the year-to-date (YTD) period.

Prominent crypto analyst Michaël van de Poppe said earlier today that if Bitcoin breaks $35,000, the Bitcoin price could continue going up toward $41,000.

#Bitcoin is still not breaking the critical area around $35,000.

Once that breaks, I think $41,000 next.

If it doesn’t, I’m assuming a $30,000 retest and further corrective movements.

Still very healthy market. pic.twitter.com/qMfKm7Dbwf — Michaël van de Poppe (@CryptoMichNL) February 2, 2021

The “U.S. Dollar Index” (DXY)—which is “designed, maintained, and published by ICE (Intercontinental Exchange, Inc.)”—is “an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies”. These other currencies are EUR, GBP, JPY, CAD, SEK, and CHF.

As you can see in the chart below from TradingView, the U.S. dollar index fell gone up from an intraday low of 89.222 on January 6 to 91.093, where it is at 11:00 UTC on February 2.

Crypto analyst Alex Saunders, who is Founder and CEO at Australian news outlet Nugget’s News, is hoping that Bitcoin will be able to break the inverse correlation with DXY, which we saw during most of last year.

So I guess we’re not all obsessed with $DXY anymore? Because it’s looking super bullish & had provided an almost perfect inverse correlation for over a year. Either way we’re about to find out if $BTC has matured to the point of being uncorrelated. 🇺🇸🏦🖨️ #Banks #Brrrr #Bitcoin pic.twitter.com/gequzmr6p2 — Alex Saunders 🇦🇺👨‍🔬 (@AlexSaundersAU) February 2, 2021

Ethereum (ETH)

On 16 December 2020, the CME Group announced that it is launching Ether futures on 8 February 2021.

On January 2, around the time that Ether was trading around $778, Eric Conner, who is the Product Manager at Gnosis, as well as the host of the “Into the Ether” podcast and the Editor of the EthHub newsletter, tweeted that he believed CME Group’s upcoming launch of its Ether futures contracts had not been priced in.

ETH futures launch on Feb 8th is definitely NOT priced in.

Not sure people understand how huge of a catalyst this will be.

Institutions are FOMOing into BTC through futures now. ETH is next. — eric.eth (@econoar) January 2, 2021

Well, as you can see from the price chart below, according to data from TradingView, since then, on Bitstamp, the Ether price has enjoyed a nice rally that has taken it to $1433.50, where it is currently (11:00 UTC on February 2).

Furthermore, at 08:30 UTC on February, on Bitstamp, the Ether price reached $1453.83, which was just short of the all-time high price ($1458.00) reached at 00:30 on January 25.

Per data by Etherscan, as of 11:35 UTC on February 2, over 2.9 million ETH (currently worth over $4.12 billion) has been sent to the Eth2 deposit contract address (0x00000000219ab540356cBB839Cbe05303d7705Fa).

Polkadot (DOT)

Earlier today, Switzerland-based 21Shares AG, a pioneering issuer of crypto Exchange Traded Products (ETPs), announced that it is launching the world’s first Polkadot ETP (ticker: PDOT) on the regulated segment of the the Swiss Stock Exchange (aka “SIX”) on Thursday, February 4.

According to data by CryptoCompare, the DOT token, which is the fourth most valuable cryptoasset by market cap, is currently (as of 11:45 UTC on February 2) trading around $16.78, up 3.97% in the past 24-hour period and up 81.05% since the start of the year.

Featured Image by “WorldSpectrum” 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.

Coluna do TradingView: ETH aproveita brecha do BTC

Com queda na dominância do Bitcoin, as outras criptomoedas iniciaram movimento explosivo, em destaque o Ethereum que já tem novo topo histórico. Quarta-feira marcada por correção no ETH e BTC, mas a altcoin segue bem vista pelos traders.

Talles Souza

Baseado nas Ondas de Elliot, temos um cenário que pode indicar o inicio de um pequena temporada de valorização de altcoins — a alt season.

O gráfico trata da dominância do BTC dentro do mercado de criptomoedas. Atualmente, o Bitcoin representa 66,9% de todo mercado. Logo, uma queda da dominância do Bitcoin nos dá um forte indicio liquidação do BTC.

Possivelmente, os lucros das liquidações feitas no mercado de Bitcoin estão sendo destinadas a altcoins.

O mapeamento de uma possível onda C fica reforçado pela perda da linha de tendência alta (LTA) no índice de força relativa (RSI), e possível correção no estocástico.

Toda essa projeção, em teoria, estaria formando um triângulo ascendente. Na sequência do rompimento, pode ser indicado o caminho a longo prazo.

Veja o gráfico dinâmico.

Allan Jhones

O gráfico do BTC ontem (19) tentou retomar o movimento de alta rumo à parte alta do triângulo simétrico do gráfico de H4. Porém, não conseguiu romper a região de US$ 37.600 e US$ 37.800.

Após alguns testes na área e muita força vendedora entrar ao longo do dia, o preço cedeu ao suporte da LTA do triângulo e, por fim, rompeu para baixo.

A expectativa para esta quarta-feira é de queda aos US$ 33.000 e retorno aos US$ 34.200.

Veja o gráfico dinâmico.

O ETH ontem fez um dia espetacular! Com uma saída forte do triângulo simétrico, seguindo o padrão, o preço disparou. Houve então um novo topo histórico registrado em US$ 1.440.

A força compradora foi perdendo terreno e os interessados em realizar lucro começaram a aparecer, iniciando um movimento de correção.

A expectativa é que o movimento de correção continue até os níveis mais fortes, 0.50 e 0.618 — que seria nos valores US$ 1.170 ou até mesmo US$ 1.110.

Veja o gráfico dinâmico.

CoinGape

O gráfico da ETH está no meio de uma alta fresca para os US$ 1.800, após tomar de volta diversos níveis importantes.

Estes níveis incluem a Média Móvel Simples de 50 períodos no gráfico de 4 horas. A altcoin pioneira visa uma nova alta histórica em US$ 1.800, após romper os US$1.300.

Negociar acima dos US$ 1.350 (alta atual de 2021) validará a tendência ascendente esperada para os US$1.800.

Veja o gráfico dinâmico.

Mister Faria Trader

Parece que o BTC vai romper o triângulo para baixo, indo testar os niveis de US$ 33.000 a US$ 26.000.

É positivo que faça isto para voltar a subir com mais acertividade, com o preço então negociando entre US$ 40.000 a US$ 35.000.

Veja o vídeo.

Disclaimer: As análises aqui apresentadas são apenas estudos. Elas não são recomendações de investimento, nem de compra nem de venda, tampouco refletem a opinião do veículo de mídia na qual estão sendo divulgadas. São estudos direcionados a pessoas com conhecimento e experiência no mercado financeiro.

Nossos Autores: Talles Souza, Allan Jhones, CoinGape, Mister Faria Trader.

Leia também: Ganhei mais de 300% investindo em Bitcoin na carteira rumo aos R$ 100 mil #15

Leia também: Analista otimista: sem dúvida, Bitcoin bate R$ 500 mil esse ano

Leia também: Saiba como cancelar suas transações de Ethereum

Aviso: O texto apresentado nesta coluna não reflete necessariamente a opinião do CriptoFácil.