Ethereum On Bullish Momentum: 7.99% Up In The Last 12 Hours

Ethereum is currently on bullish momentum. At 12:05 EST on Tuesday, 5 January, Ethereum is at $1,067.10 and up by 7.99% in the last 12 hours.

Ethereum Range

Over the last six hours, Ethereum’s higher value was $1,067.10 and the lower value was $1,032.45.

Over the last twelve hours, Ethereum’s higher value was $1,067.10 and the lower value was $988.15.

Concerning Ethereum’s daily highs and lows, it’s 7.99% up from its trailing 24-hour low of $988.15 and 3.77% down from its trailing 24-hour high of $1,108.90.

Regarding Ethereum’s yearly highs and lows, it’s 1021.139% up from its 52-week low and 7.465% down from its 52-week high.

Volatility

Ethereum’s last day, last week, and last month’s average volatility was 6.63%, 5.52%, and 1.98%, respectively.

Ethereum’s last day, last week, and last month’s high and low average amplitude percentage was 26.40%, 12.23%, and 7.74%, respectively.

Last news about Ethereum

A crypto CEO breaks down why he would not be surprised to see Bitcoin and ethereum rise at least 100% in 2021 – and says the current sell-offs are a ‘very natural and healthy thing’. According to Business Insider on Tuesday, 5 January, “That would put bitcoin’s price at more than $58,000, and Ethereum at roughly $1,486 before 2022.”, “During that interview, King said bitcoin still had “a long way to go,” and that Ethereum is “here to stay” and is the cryptocurrency he’s most bullish on outside of bitcoin.”

News about Bitcoin

Bitcoin breaches $34,000 as rally extends into new year. According to Bloomberg Quint on Saturday, 2 January, “Still, there are reasons to be cautious, partly since Bitcoin remains a thinly traded market. “

BQ big decisions: Bitcoin is crying out for A place in your portfolio. beware of the risks. According to Bloomberg Quint on Sunday, 3 January, “On this BQ Big Decisions podcast, BloombergQuint speaks to author, angel investor and expert on Bitcoin Ajeet Khurana about what to keep in mind when deciding whether to invest in Bitcoin.”

Ether follows Bitcoin to record high amid dizzying crypto rally. According to Bloomberg Quint on Monday, 4 January, “The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues.”, “Proponents of Bitcoin argue that it’s muscling in on gold as a hedge against U.S. dollar weakness and inflation risk, citing evidence of growing interest among institutional investors. “

Bitcoin falls most since March as volatility grips trading. According to Bloomberg Quint on Monday, 4 January, “Still, Bitcoin is up more than 300% over the past year, driven by a speculative fever from retail and institutional investors on the belief that cryptocurrencies are emerging as a mainstream asset class and can act as a store of value.”, “Believers in Bitcoin have pointed to the market’s supply constraints and supposedly rampant money printing by central banks as key drivers of bullish narrative. “

JPMorgan sees $146,000-plus Bitcoin price as long-term target. According to Bloomberg Quint on Tuesday, 5 January, “This implies that the above-$146,000 theoretical Bitcoin price target should be considered as a long-term target, and thus an unsustainable price target for this year.”, “Bitcoin’s market capitalization of around $575 billion would have to rise by 4.6 times — for a theoretical Bitcoin price of $146,000 — to match the total private sector investment in gold via exchange-traded funds or bars and coins, strategists led by Nikolaos Panigirtzoglou wrote in a note. “

According to CNBC on Tuesday, 5 January, “Many institutional investors are using investment vehicles like Grayscale’s Bitcoin Trust as a means of buying into bitcoin. “, “According to JPMorgan, more than $3 billion has flowed into the Grayscale Bitcoin Trust since mid-October while gold ETFs have bled $7 billion.”

Coindesk buys tradeblock, joining rush for Bitcoin analytics. According to The Wall Street Journal on Tuesday, 5 January, “Its most notable product is a bitcoin price index called the XBX that is used as the reference rate, or benchmark price, for investment funds such as the Grayscale Bitcoin Trust .”