As Bitcoin (BTC) broke its all-time high record above its $ 22,000 value, Ethereum (ETH) also made history, recording its highest value in 2020.
Today, ETH investors breathed a sigh of relief with an asset jump of 10% to $ 650.
There was also a break with resistance around $ 625 and a jump above $ 650 before surviving above the 100 simple moving average (SMA100).
The breakout to ATH levels throughout 2020 was prompted by news from the Chicago Mercantile Exchange (CME) to launch the ETH futures contract in 2021. High demand among consumers caused the asset to trade above $ 650 today.
At the time of writing, ETH assets saw a slight decline of 0.87% in 24 hours from its highest value, $ 653 to $ 643.
Earlier, CME also launched a Bitcoin futures contract in December 2017 which brought Satoshi Nakamoto's assets to the highest in history.
Currently, ETH assets are expected by analysts to soar above $ 1,000 for the first time since 2017 following gains of at least 100% for each of the last three years.
However, if Ethereum fails to stay at the current level, the key support level will be at $ 630 and the resistance level at $ 650.
