empty
09.11.2021 11:03 PM
Bitcoin and Ethereum are just warming up and going into a rage: new highs are just around the corner

This image is no longer relevant

Bitcoin and Ethereum are just warming up, and they are still far from their potential new all-time highs. Recently, Bitcoin crossed the $68,000 mark, and Ethereum - $4,800.

The market capitalization of the crypto market has crossed the $3 trillion milestone due to the bull run of bitcoin and ethereum, and now the crypto market is completely in the grip of the bulls.

Last year, well-known technical analyst Adrian Zdunczyk, who heads The Birb Nest trading group, predicted new highs for bitcoin in the fourth quarter of 2021, and even that it would exceed the $66,000 mark in October.

Ethereum is trading at a price of $4,800, and Zdunczyk believes that Ethereum has huge opportunities to set new super-high targets and overcome the $20,000 milestone as early as next 2022.

If Zdunczyk turns out to be right, then Ethereum will rise in price by more than 300% by the beginning of 2022. Ethereum has already grown by more than 500% since the beginning of the year, as the demand for NFT and Defi has been enormous.

Ethereum will soon fully switch to the new eth 2.0 protocol, which contributes to even greater scalability of the network and will make gas commissions much lower.

This can become a catalyst for the increased growth of the main altcoin. However, Ethereum is already breathing down the back of such a competitor as Solana, which also works with smart contracts, but the commissions within the network are much lower.

Gemini co-founder Tyler Winklevoss believes that Ethereum is the best financial instrument, and this money will never depreciate.

He is sure that the growth of Ethereum is just beginning. Winklevoss believes that the rally that can be observed now is similar to the 2017 market.

The analyst is confident that this extreme jump will be at least up to the level of $14,000. Now Ethereum is the second cryptocurrency by capitalization, the main goal of Ether is to overcome the $1 trillion milestone.

Vitaly Kolesnikov,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Bitcoin. May 23rd. Smart Money System Analysis

Bitcoin continues to form a bullish trend structure. One could argue whether there are real reasons for a new bullish trend at the moment, but the chart suggests only that—unambiguously

Samir Klishi 20:04 2025-05-23 UTC+2

TRUMP official: crypto community, protests, and politics

On the evening of May 22, 2025, a unique event took place at the Trump National Golf Club in Virginia — a dinner hosted by Donald Trump with the largest

Jurij Tolin 16:49 2025-05-23 UTC+2

Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday May 23, 2025.

It appears that the price movement of the Doge Cryptocurrency on the 4-hour chart is moving above the WMA (21) which has a slope that is going upwards

Arief Makmur 09:04 2025-05-23 UTC+2

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday May 23, 2025.

If we look at the 4-hour chart of the Ripple cryptocurrency, it appears to be moving above the WMA (21) which has a steep slope and has successfully broken

Arief Makmur 09:04 2025-05-23 UTC+2

Bitcoin Forecast for May 23, 2025

On Thursday, Bitcoin's price reached the target level of 111,770. The Marlin oscillator appears to be lagging behind the price, giving the impression of a potential divergence — though unconventional

Laurie Bailey 04:45 2025-05-23 UTC+2

Bitcoin aims to hit $120,000? What lies behind its rally and when to expect retracement

On May 22, Bitcoin confidently broke through the $111,888 level, setting a new all-time high of $111,867. Unlike previous rallies marked by retail investor euphoria, this time the market's behavior

Ekaterina Kiseleva 16:12 2025-05-22 UTC+2

Bitcoin extending confident rally

Bitcoin demand appears to be surging, judging by its recent performance. At the time of publication, the BTC/USD pair was trading near 111,200.00, slightly down from today's and the all-time

Jurij Tolin 16:02 2025-05-22 UTC+2

Bitcoin: $115,000 — Next Stop or Bull Trap?

Bitcoin is steadily approaching its all-time high and, according to several analysts, is poised to set a new record. Current levels near $105,000 are more than just numbers — they

Ekaterina Kiseleva 00:58 2025-05-21 UTC+2

BTC/USD Analysis on May 20, 2025

The wave pattern on the 4-hour chart for BTC/USD has been becoming more complex in recent months. We observed a corrective downward structure, which completed its formation around the 75,000

Chin Zhao 11:11 2025-05-20 UTC+2

Technical Analysis of Daily Price Movement of Ethereum Cryptocurrency, Friday May 16, 2025.

If we look at the 4-hour chart, the Ethereum cryptocurrency appears to be moving above the WMA (21) which is a dynamic support where the WMA has a slope that

Arief Makmur 06:09 2025-05-16 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.