At 11:53 UTC on Tuesday (January 19), the Ether price finally (after three years) surged past its all-time high on Bitstamp and other crypto exchanges. Swedish crypto analyst Ivan Liljeqvist believes the ETH price will quickly reach $5,000.
By 12:01 UTC, the Ether price had reached a new all-time high — $1,435.56 — and entered price discovery zone.
According to data by TradingView, currently (as of 12:18 UTC on January 19), ETH-USD is trading at $1426.56, up 14.44% in the past 24-hour period and up 94.54% since the start of the year.
Earlier today, Swedish crypto analyst Ivan Liljeqvist, best known for his YouTube channel “Ivan on Tech“, told his 324K subscribers in a newly released video that the Ethereum price will reach $5,000 in February.
Liljeqvist had this to say about the latest ETH price action:
“You know the meaning of an all-time high? All time high is where we get an insane pump. Most people don’t get it: they think that all-time high is basically ‘now we’re reached potential’. No, all-time high is really the start of a big insane pump…
“We’ll go to $5K very quickly if we manage to breach this level [i.e. $,1420]… I think we’ll jump to $3K, maybe even $5K very very quickly… As soon as we reach all-time high, within a few weeks, I think we’re going to double…“
He then went to talk about EIP-1559 and how this upgrade (which is expected to go live later this year) will make ETH a deflationary asset.
Another crypto analyst who is very bullish on Ethereum at the moment is popular New Zealand-based crypto analyst Lark Davis (@TheCryptoLark on Twitter), who on January 15 talked about the four major positive catalysts that could propel the Ether price to $2000 before the end of February.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Featured Image by “AgelessFinance” via Pixabay.com
