Rising bullish volatility and newly discovered bullish momentum have caused many tokens to break out to all-time highs as traders scramble to determine which coin might be the astronaut.

When Bitcoin price soared to $ 64,000, Ether hit a new record high of $ 4,638. This move by Ethereum comes just days after the successful Altair upgrade, the first update from Beacon Chain that brings the network closer to a full Eth2 implementation.

Data from TradingView shows that after the bulls fell early in the morning of Jan.

ETH / USDT 1-day chart. Source: TradingView

If Ether can maintain its current course, it will see an eighth positive quarter in a row, according to a tweet from Coinbase International.

$ ETH is on track for 8 consecutive positive quarters, + 47% this Q4 pic.twitter.com/wK4pkBTM4f

– Coinbase Institutional (@CoinbaseInsto) November 2, 2021

The landscape of the crypto ecosystem has changed quite a bit since the 2017 bull market, in part due to the emergence of a larger pool of institutional investors with larger assets, but this is a development to watch as the market will end on a strong note in 2021 .

Ether’s upward trend comes when the number of tokens locked for the first time in the Eth2 staking contract exceeds 8 million, a process that further depletes the available circulating supply and puts positive pressure on the price.

ETH is blocked in the Eth2 staking contract. Source: coin codes

Overall, the outlook for Ether is optimistic as many analysts are calling for a price of $ 10,000 by the end of 2021.

“Impact Wave” to $ 6,000-14,000

A simple, straightforward price prediction for ether comes from analyst Michaël van de Poppe, who published the following graph, which estimates an “impulsive move” between $ 6,000 and $ 6,400 that may occur sometime between November 2021 and January 2022.

ETH / USDT 1-day chart. Source: Twitter

Meanwhile, trader ‘John Wick’ has hinted that another breakout is imminent for ETH.

“Ethereum continues to generate new ATHs. Those who have waited months absolutely deserve this … Get ready for another outbreak soon! “

ETH / USD 1-day chart. Source: Twitter

Analyst Matthew Hyland compared the price movement of Ether in 2017 to the current market structure of ETH, and said that if the fractal pattern occurs, there will be a potential rally to at least $ 14,000 in two years’ time.

#Ether just starting …

The extreme move is coming

$ 14,000 + pic.twitter.com/5XSYoxAJ6F

– Matthew Hyland (@Parabolic_Matt) November 1, 2021

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Annie

Bitcoin magazine

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