Gemini’s Tyler Winklevoss Sets Next Price Target for Ethereum (ETH)
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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).

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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:

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.