Ethereum (ETH) Breaks Record, Passing Expected Level: $ 2,000!
Leading altcoin Ethereum (ETH) has continued its rise in recent days and has identified a new ATH. Having managed to cross $ 2,000, which analyis see as an important resistance level, ETH rose as high as $ 2,042.
1 $ETH = $2,000
— Binance (@binance) February 20, 2021
This rise of Ethereum has caused great excitement in the cryptocurrency community. The popular altcoin was trading at $ 2,020 at the time of writing.
However, some commentators say that Ethereum is still priced below its value and is lagging behind Bitcoin’s performance. Popular analyst Lark Davis said, “ While it’s great to see Ethereum at $ 2,000, it still lags behind Bitcoin , which tripled its previous level . It is priced well below its value in my opinion. ” He tweeted as.
Awesome to see #ethereum at 2k, but realistically it is still lagging behind #bitcoin which has almost trippled its previous while ETH is only around 50% over its previous high. Just says to me it is undervalued.
— Lark Davis (@TheCryptoLark) February 20, 2021
Leading altcoin Ethereum has risen 5.4% in the last 24 hours, according to CoinGecko data, and increased its gain in 7 days to 9.7%. In the last 30 days, it gained 54% value.