Ether hits All time High Next target of $3000 in play?

Ether is closing in on an all-time high. The cryptocurrency, one of many alternatives to bitcoin, rallied as much as 17% on Tuesday to an intraday high of $1,439, according to data from industry site CoinDesk.

That’s just shy of the $1,448 record ether hit in early 2018, when major cryptocurrencies led by bitcoin climbed to new heights before slumping sharply later in the year. Ether, the world’s second-biggest cryptocurrency by market value, has almost doubled year to date.

 

Bitcoin has been in the spotlight for several months now, thanks to a blistering rally that saw it notch fresh highs. The cryptocurrency shot up close to $42,000 a couple weeks ago, but has declined since and was last trading at $36,980.

In fact, some analysts predicts Ethereum to outperform Bitcoin over the next three to six months.

So, if Ethereum pulls a Bitcoin-style move, we could see ETH trading at or above $3,000 sometime in the next few weeks.

 

Image source: Pixabay/elifxlite

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