Ethereum hits new all-time high near $2K as analyst says 2021 bull run is different

Ethereum hits new all-time high near $2K as analyst says 2021 bull run is different


Ether (ETH) hit fresh all-time highs and neared $2,000 for the first time on Feb. 18 as momentum returned to trading.

ETH/USD 1-day candle chart (Bitstamp). Source: TradingView ETH sets sights on $2,000

Data from Cointelegraph Markets and Tradingview showed ETH/USD coming within 4% of the $2,000 barrier on Thursday.

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After spending much of February trading sideways with modest upward momentum, the largest altcoin reawakened this week. At the time of writing, daily gains totaled more than 4%, with Ether clocking new all-time highs of $1,930.

In a fresh market update, Cointelegraph Markets analyst Michaël van de Poppe forecast a potential breakout to $2,200 should bulls successfully tackle $2,000.

Due to the extended period spent at just below that level, however, it was important that these hold as support in order to avoid a dramatic retracement.

“However, once again, quite a tricky breakout, so you basically have to watch that zone… at $1,820,” he summarized.

A failure of support

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