ETH_Wiring

ETH was up 35% just last week

By Keith Thuerk | New to Crypto's? | 11 May 2021


ETH was up 35% just last week

 

Hello Crypto community, ETH has been a solid run the past couple of weeks. Last week was stellar, ETH was up 35%, that allowed it to set several All Time Highs (ATH). This morning ETH punched thru $4K mark with ease bursty all the way up to $4246 then it settled back below to ~$3880.  

How far has ETH climbed in the past 12-months?  Great question a whopping 2,129%.   How much of that meteoric rise have you captured?

Another critical factor that is way up is the ETH Dominance indicator which @ 20% - woohoo!

What is the driving force to the ETH price movement?  Several factors are in play here, Americans are waking up to the fact their money is being diluted at a rate of 20% per annum and they might feel as thought they are being forced into speculative assets to protect some of it. Currently, only 14% of Americans own Crypto.   Institutional investors are getting into ETH as a way to build a Strategic Treasury so they hold assets not just cash.  ETH is considerably less expensive than its Blue Chip brother BTC and thus buying in at these levels with hopes the ETH roadmap comes to fruition.  Lastly, the TVL (Total Value Locked) for ETH hit a new milestone as well roughly $85B which locks up ETH.

Next Stop for ETH $5K, lots of clamoring on Social Media today about the next milestone to fall for ETH being $5K and this month.   I am a little more reserved thinking it won't be until July. But hey what do I know?    Could we see $10K ETH by Year End?  Or even higher?

Summary - as BTC dominance comes down to reasonable levels that means that other Tokens and projects are garnering serious investment review and certainly investment.  What do you think of the ETH price movement in just the past month and year?  Where do you see it in by year end?

 

 

Enjoy the Journey!

 

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Keith Thuerk
Keith Thuerk

Currently learning about Crypto's and DeFi to combat the Inflationary Tidal wave coming our way!


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