ETH Reaches New ATH – Analysts Believe It Could Top $5000

By Bitcoin Chaser
Published Jan 21st, 2021
Updated Jul 10th, 2024
ETH Reaches New ATH – Analysts Believe It Could Top $5000

Ether finally broke through its previous ATH, reaching $1,435.56 by 12:01 UTC. Now, Swedish cryptocurrency analyst Ivan Liljeqvist, believes that the coin could eventually reach $5000. 

https://twitter.com/QwQiao/status/1351510701265793025?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1351510701265793025%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cryptoglobe.com%2Flatest%2F2021%2F01%2Fas-eth-breaks-new-ath-analyst-says-ethereum-price-will-quickly-go-to-5000%2F

According to data published by TradingView, ETH was trading at $1426.56 on January 19th. That’s 14.44% in a 24 hours period, and 94.54% since the start of 2021. 

Commenting on the meteoric rise of ETH, Liljeqvist released a video on his YouTube channel – and predicted that the coin will reach $5,000 in February. He said: “You know the meaning of an all-time high? All time high is where we get an insane pump. Most people don’t get it: they think that all-time high is basically ‘now we’re reached potential’. No, all-time high is really the start of a big insane pump… 

We’ll go to $5K very quickly if we manage to breach this level [i.e. $,1420]… I think we’ll jump to $3K, maybe even $5K very very quickly… As soon as we reach all-time high, within a few weeks, I think we’re going to double…

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