Ethereum to Reach $3,000 New ATH Soon

  • Ether may soon reach its newest all-time high (ATH) at $3,000.
  • People have been pumping ETH since the end of April 2021.
  • Many also believe that the 2021 altseason has indeed arrived.

Ethereum may soon start playing at the $3,000 field, as its recent performance has left Bitcoin and other altcoins in the dust. In fact, crypto analyst Lark Davis made his prediction last May 1.

Indeed, Davis’ prediction may come to pass soon, as Ethereum is already on the verge of hitting the $3,000 level. At the time of writing, ETH price is at $2,932.35, according to CoinGecko. Meanwhile, ETH has already reached over $2,950 in various cryptocurrency exchanges on May 2.

ETH/USDT 1-hour chart (source: TradingView)

The crypto market has been pumping ETH since the end of April 2021. Different people have claimed various reasons for the said price increase, although nothing is sure at the moment, in terms of fundamental analysis.

However, others may have started to believe that the 2021 altseason has already come underway, with Ethereum leading the charge. This is characterized by Bitcoin’s decreasing market dominance. While BTC’s market capitalization is stagnant at $1 trillion, ETH’s market cap is now at $338.8 billion.

Other altcoins are also increasing in price, especially Binance Coin, which has now flipped its previous psychological resistance level of $600 into support. Dogecoin, which also pumped rather ridiculously in the past month, has solidified its position in the $0.30-$0.38 range.

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