Analyst Timothy Peterson of Cane Island Alternative Advisors believes that the investment appeal of Ether (ETH) will increase significantly over the next five months.
The largest altcoin exceeded $ 1200 the day before. Within the next 24 hours, the coin can bypass its own indicators of three years ago and exceed $ 1400. In about five months, ether will be able to gain a foothold above $ 2000, wrote Peterson on Twitter.
#ethereum could hit $2000 in the next 5 months. pic.twitter.com/2ElWQ7PwHp
— Timothy Peterson (@nsquaredcrypto) January 5, 2021
He analyzed the data on the monthly return of ETH in relation to Bitcoin since 2015 and concluded that the attractiveness of this instrument will increase.
The growing value of altcoin also indicates command Unfolded. She found out that along with bitcoin, interest in ether has grown on the Internet. The number of searches related to ETH has already surpassed the record figures of the 2017-2018 frontier.
Google search for ‘Ethereum’ hit all-time-high pic.twitter.com/jZi2wwRWWY
— unfolded. (@cryptounfolded) January 6, 2021
The number of people willing to buy the altcoin jumped after it exceeded $ 1000. In January 2021, the price of ETH increased by over 60%.
The coin is gaining amid the aggressive growth of bitcoin. BTC on the eve for the first time turned out to be above $ 41,000. Analysts associate the sharp rise in the cost of cryptocurrency with the political crisis in the United States, provoked by the supporters of the still incumbent President Donald Trump.
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