Saturday, April 17, 2021

Gemini’s Tyler Winklevoss Says ‘When in Doubt, Ethereum” As ETH Is Now 9% Away from ATH

The co-founder and CEO of Gemini Exchange, Tyler Winklevoss, has once again tweeted about Ethereum as ETH inches closer to an all-time high of $1,422.

According to data by TradingView, around 08:00 UTC on Sunday (January 10), on Bitstamp, the Ethereum (ETH) price got as high as $1351.

Gemini’s Tyler Winklevoss Says ‘When in Doubt, Ethereum” As ETH Is Now 9% Away from ATH

One-Day ETH-USD Chart (Bitstamp) by TradingView

Going by the data provided by CryptoCompare, this was the highest price ETH has been since 13 January 2018, when it reached its all-time high ($1422.86).

Gemini’s Tyler Winklevoss Says ‘When in Doubt, Ethereum” As ETH Is Now 9% Away from ATH

Three-Year ETH-USD Price Chart by CryptoCompare

Currently (as of 17:00 UTC on January 10), ETH-USD is trading around $1300, up 6.22% in the past 24-hour period and up 76.4% since the start of 2021. The Ethereum price is at the moment less than 9% from its Jan 2018 all-time high ($1422).

Read Also: This Metric Shows That Ethereum (ETH) Is Still Undervalued At Current Price

Last Friday (January 8), one Ethereum influencer summarized the things that need to happen for layer 2 solutions to become much more widely used:

According to Etherscan, as of 17:10 UTC on January 10, the balance of the Eth2 Deposit Contract address (i.e. 0x00000000219ab540356cBB839Cbe05303d7705Fa) is 2,352,418 Ethereum (worth around $3.02 billion with ETH at $1300).

Read Also: XRP Price Has To Break This Key Resistance to Regain Bullish Momentum

Rafael Schultze-Kraft, CTO at on-chain market intelligence startup Glassnode, said yesterday that last year Ethereum “flipped Bitcoin in network fees.”

And on the same day, Tyler Winklevoss, Co-Founder and CEO of crypto exchange Gemini, perhaps sensing that Ethereum’s all-time high price could soon be broken, tweeted:

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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