ETH Price Hits $700, Ethereum May be Best Risk—Return Right Now

Spread the love


Just while you have been paying all the attention to Bitcoin (BTC) at the moment, and why not, it would be a good thought to look at Ethereum (ETH) that doing equally well. Earlier today, Ethereum (ETH) crossed the crucial levels of $700. At press time, ETH is trading at $701 with a market cap of $79 billion.

As CoinGape reported yesterday, 2021 could be the year of Ethereum investors with institutional ETH buying going up. Moreover, considering that ETH is trading at a 50% discount from its all-time high, there’s enough room for it to catch up with BTC. Looking at these parameters, ETH could be the best risk-return for investors at this point.


On the other hand, if we even look at the charts, Ethereum continues to higher highs and higher lows. With news highs, ETH has been taking crucial support at every move upwards.

Furthermore, after the massive BTC bull run in the last three days, the ETH/BTC pair has entered oversold territory. It is currently at a crucial resistance and hinting at bullish divergence ahead.


RECOMMENDED READ:  Why investment guru, Lyn Alden calls Ethereum unfinished product, favors Bitcoin for longer intvestment

Institutions Will Soon Their Eyes to DeFi

One of the biggest strongholds of Ethereum is that the blockchain has been host to some of the biggest decentralized finance (DeFi) applications. Ethereum controls more than 70% of the DeFi activity at the moment. Due to the DeFi mania in summer 2020, ETH also remains the most-traded crypto asset for the year.

Crypto market expert Alex Krüger believes that institutions will eventually turn their eyes to DeFi. He writes:

“Institutional investors will eventually turns their eyes to DeFi. Not just yet. But it’s a matter of when, not if. Prices will then go up so much, you will all be in disbelief. Don’t see that happening in 2021 though. Need more regulatory clarity”.
So just at the time when you have been enjoying the wild run in Bitcoin (BTC), you probably won’t want to missout the Ethereum opportunity as well.

 406 Interactions,  6 today

Bitcoin Price Movement Analysis for 11th April, 2021

Is Bitcoin nearing its peak? It's unlikely. Many on-chain measurements revealed that, although Bitcoin was highly bullish, it had not Read more

Fidelity’s Tom Jessop on why Crypto has reached a “tipping point.”

The crypto market has gained traction as a result of low interest rates and fiscal stimulus, according to a Fidelity Read more

How arrests for attempting to obtain a hitman and a nuclear bomb demonstrate that the dark web is not always anonymous.

Paying with cryptocurrency does not guarantee your safety. Most of the criticisms levelled at cryptocurrencies is that its difficult-to-trace existence Read more

Bitcoin, BTT, Dogecoin Price Movement Analysis for 7th April, 2021

Bitcoin was expected to remain above the $55,800-support, a level that coincided with its 200-SMA. BitTorrent Token was projected to Read more

The cryptocurrency market cap has surpassed $2 trillion, making it as valuable as Apple.

For the first time, the total market value of all cryptocurrencies exceeds $2 trillion. According to Goingecko numbers, the total Read more

Binance Coin, Dogecoin, SushiSwap Price Movement Analysis for 4th April, 2021

Binance Coin predicted that fresher record thresholds will be set in the coming days due to solid technicals. Following a Read more

Tron Price Movement Analysis for 4th April, 2021

In the cryptocurrency industry, excessive uncertainty has had a long-term effect on the price of the digital commodity. This uncertainty Read more

Ethereum Price Movement Analysis for 4th April, 2021

Ethereum, the second-largest cryptocurrency, has entered a volatile zone, which could drive the digital asset's price even higher. In the Read more

Chainlink, DigiByte, Enjin Coin Price Movement Analysis for 4th April, 2021

Bitcoin faced some selling pressure just above the $59k mark, leading it to slip to $56,600. The majority of the Read more

Bitcoin fell by more than 4%, causing many other cryptocurrencies to plummet drastically.

The world's most expensive cryptocurrency fell 4.1 percent, bringing several other coins down with it, sending the economy into the Read more

Leave a Reply

Contact Us