The world of cryptocurrencies has been taking everyone by surprises in the past few months. With the rise in popularity of cryptocurrencies, there are a lot of online communities formed around similar interests.
The crypto community on Reddit feels that the World’s second biggest crypto token ETH that operates on the Ethereum blockchain will touch it’s all-time-high by the end of 2022.
At the time of writing this article, ETH is exchanging hands in the range of $3900 – $4100. The most recent high that the cryptocurrency touched was of $4374 but it fell short of the $4385 (the actual all-time-high).
According to Sally Ho from Crypto Daily, the upside of ETH remains open and the value that we can see before the end of 2021 are the 4490, 4504, 4523, 4793, and 4893 levels.
If you are a novice crypto trader and do not know how to read the price charts, then this information might be helpful to you: (Courtesy: Crypto Daily)
- Technical Support is expected around 3515.25/ 3375.24/ 3235.23 with Stops expected below.
- Technical Resistance is expected around 4384.43/ 4518.94/ 4633.03 with Stops expected above.
The Crypto Craze
The world’s biggest cryptocurrency Bitcoin hit an all-time-high of $66,000 last week that prompted the crypto community to go head over heels. Along with BTC, some other meme-coins also surged in value. One such example is the SHIB coin that jumped close to 50% in 24 hours.
ETH traders are seemingly bullish on the cryptocurrency and hodlers (those who hold crypto for long term) do not seem to bat an eye as their outlook remains positive in the long term.
Recently, Walmart took an initiative to help crypto get into the mainstream with it’s BTC ATMs that allow customers to buy Bitcoin in 200 locations of their store. The complete guide on how to buy Bitcoin at Walmart’s Bitcoin ATMs is also shared on our website.
Do you think that ETH has the potential to cross the $4385 mark and break it’s all-time-high? Tell us your thoughts in the comments.