ETH Breaks $1,650

Data from TradingView shows a rapid rise in the price of ETH. Yesterday, February 3, 2020, the price of the cryptocurrency crossed the $1,650 threshold. The highest cryptocurrency value was $1,654.98

 

 

At the time of writing, the coin is trading at $1,628. The market cap, according to CoinMarketCap, was $187,080,708,005. The gain in 24 hours is 4.95%. The strong growth is most likely due to the imminent launch of ETH futures from CME Group.

Talking about this event, analysts are confident that the launch of futures will further strengthen the Ethereum market. There is no need to expect a disruption as in 2017. The price of ether is heading towards the next important zone - $1920. This is according to the trader Alex Kruger (Alex Kruger).

Alex says that since then the market has matured, other players are involved in it. Also, do not forget that the digital currency is in full swing mastering the beta version, which will make it more promising.

It is also worth noting that the value of BTC also increased during the same period. Bitcoin is trading at $37,453. When Bitcoin rallies, ETH usually follows. So, there is nothing unusual about establishing a new ATH.