Ethereum (ETH) posted its first all -time high (ATH) for November, trading at $ 4,639.47 just before returning to the $ 4,605.18 level at the time of this writing.
The main factor driving this positive movement is none other than the Altair update that took place at the end of October.
Previously, ETH also managed to break through the first ATH after Altair with a trading value of $ 4,405.99.
Ethereum investors may be interested in details on the direction of this asset throughout November and beyond:
Analyst Michael van de Poppe predicts ETH could touch the $ 6,000 to $ 6,4000 level by November 2021 and January 2022.
Analysts as well as Twitter user known as John Wick are expecting a breakout soon.
Analyst Matthew Hyland compared the price of Ether in 2017 with the current market structure - indicating the asset will make a jump of up to $ 14,000 in the next two to three months.
For now, the market value of the entire crypto sector has reached $ 2.6 trillion.
Ethereum recorded a market value of $ 541.22 billion with a trading record in 24 hours increasing over 21% to $ 21.6 billion.
