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Will Eth Price Form New ATH This Weekend?
Ethereum price is on the verge of a possible breakout above the $1250. Currently, the asset is in the accumulation phase and the actual pump is may gear up later as per an analyst Galaxy.
The year 2021 is can to be more fruitful for Ethereum price as many upgradations and developments in the ecosystem are underway. And therefore the ETH price is expected to rise. As per the well-known analyst, Lark Davis price may hit $10K very soon.
#ethereum futures coming soon, grayscale already seeing eth first/eth only investors, occ greenlit stablecoins, eip 1559, layer 2, defi….. yeah, ETH is going to hit at least 10k
— Lark Davis (@TheCryptoLark) January 9, 2021
Moreover, the DeFi space may take off in a very huge way as much of the traditional finance are also adopting the blockchain ecosystem.
Also Read: 8 Signs that Ethereum Entered a New Bull Market
Will Ethereum Attract Institutions as Bitcoin?
Bitcoin successfully attracted many institutions in 2020 including the Wall street companies which invested in billions. One of the popular hedge fund Grayscale holds nearly 3% of the whole Bitcoin supply currently.
In the recent development, Grayscale is considering some other assets also like Ethereum, XRP, etc other than bitcoin. Moreover, they are considering the ETH only and first customers which indicate the rising mainstream adoption of the asset.
Therefore with the upgradations in the ETH 2.0, Ethereum ecosystem is expected to even address the issues related to the current platform with more developments and additional specifications.
Currently, it is mandatory for the ETH price to hold strong at $1250 levels and surge futher. Once successfully sustained above these levels, the Ethereum price is all set to surpass the current ATH. Moreover, it may also hit the $1500 levels very soon.
Also Read: Ethereum Price Analysis: Analyst Hints ETH Price Might Hit $5k in January