Ethereum (ETH) prices are currently at an all-time high compared to the all-time high (ATH) recorded in the last three years with an increase of 17%.
The movement of ETH over the past few days is seen to be strong above the ATH 2018 high, $ 1,450 as it approaches the $ 2,000 level.
According to analysts, the price of ETH since the beginning of the year has increased by 130% compared to Bitcoin (BTC) Only 30% for the same period.
One of the strong factors driving this surge is the Ethereum futures that will be launched on the Chicago Mercantile Exchange on February 8.
Global Macro Investor CEO and economist Raoul Pal expects Ethereum to reach a high price of $ 20,000 by 2022. His expectations were revealed today on his Twitter page, @RaoulGMI.
That expectation may be too far but it is also impossible if the price of ETH can reach $ 5,000 once the scaling of ETH 2.0 is launched with the improvement of Serenity Phase 1.
However, at this time the Ethereum transaction price is also seen to be rising, approaching $ 20.
Following that, the average DeFi farmers have switched to Layer 2 exchanges such as Loopring or alternative chains such as Flamingo Finance, the DeFi protocol running on the NEO blockchain, and Binance Smart Chain.
At the time of writing, ETH is trading at $ 1,672 with a surge of over 8% in 24 hours.
