Fundstrat Global Execs Believe Ethereum May Spike By 800%

Strategists at Fundstrat Global Advisors LLC believe that Ethereum is about to experience a parabolic price run, reaching levels as high as $10,500.

Ethereum seems to be experiencing a shift in sentiment from market participants who are becoming more bullish.

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Metcalf’s Law Suggests ETH May Be Gearing for a Parabolic Advance

Various metrics have been pointing to a mispricing of Ethereum in recent times. Adding to the growing list of these pointers is Metcalf’s Law.

ETH and BTC Correlation Begin to Break Away
Over the past few months, ETH and BTC price action have maintained a sharp correspondence.

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Ethereum Gets Stopped Just Short of an All-Time High – BeInCrypto

Ethereum (ETH) nearly reached a new all-time high at the beginning of January but was rejected less than $100 away.

While Ethereum seems to be correcting in the short-term, it is expected to eventually initiate another upward move and reach a new all-time high.

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REKT: Almost $3 Billion in Crypto Liquidations in the Last 24 Hours

It appears that the crypto bull euphoria is coming to an end as the entire market sees deep red for the first time in a while.

Prices have fallen sharply for crypto, with ether dropping almost 20%. Meanwhile, bitcoin dropped almost 15%, with some altcoins being hit even harder.

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Hermez Adds USDT to Layer 2 Ethereum as ZK-Rollups Take Off

Another Layer-2 solution has added Tether stablecoin (USDT) support to the network. Hermez uses ZK-Rollups to enable Ether transfers that are faster and cheaper.

Layer 2 Stablecoins
Layer 2 solutions seem to be all the rage these days.

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Ethereum Flips Bitcoin in Yearly Network Fee Generation – BeInCrypto

Although Bitcoin has already smashed its previous all-time high price from 2017, Ethereum is still lagging short of its $1,448 peak. Despite this fact, it seems that Ethereum is rebounding and is now crushing Bitcoin in terms of transaction fees generated.

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