There has been a bit of consolidation in the crypto market with Bitcoin staying around $35,000. However, unlike many altcoins, the pullback effect was not heavy on Ethereum.
In the last few hours, Etheruem price has been rallying up on the upside trend of the market, and the second-largest cryptocurrency has now hit a new all-time high. This made a prediction by the CEO of Binance, Changpeng Zhao, come to pass.
Earlier, CZ Binance predicted that Ethereum would soon join the league of cryptocurrencies that have registered a new price level higher than the previous high recorded in 2018 during the last crypto bull run.
#ETH is about the join the new ATH club. 👏
— CZ 🔶 Binance (@cz_binance) January 19, 2021
Just as predicted, Ethereum made it past the 2018 all-time high of $1,428 a few hours later. Investors, who hodl ETH when it peaked can now rejoice and expect more. Today, January 19, would be another important day in the history of Etheruem as ETH made another record breakthrough.
Ethereum attained a new high after the cryptocurrency gained over 15% to its value in the 24 hours.
Full time crypto trader Michaël van de Poppe who recently predicted that Cardano, Litecoin and Chainlink would be the next altcoins to overtake XRP, also acknowledge the growth of Ethereum in the market today.
He earlier forecasted that Ethereum price would hit a new all-time of $1,600.
In another development, which may further enhance Etheruem price growth, CZ increased the trading option for Ethereum on his crypto exchange. The CEO announced that the launching of Etheruem traded support on the Binance Smart Chain (BSC).
He explained that with the introduction of the BSC, transferring Ethereum would now be faster and cheaper using Just Liquidity bridge.
Watch this video :-
– What is $ETHB
RT FOR EXPOSURE 🙏🏽 – pic.twitter.com/hyVwmS1kjO
— Axel BitBlaze ⓢ (@Axel_bitblaze69) January 19, 2021