fxstreet.com 09 Feb, 2021 12:00 am

ETH soars to new all-time highs as $2,000 beckons

ETH soars to new all-time highs as $2,000 beckons
Ethereum has gradually followed in Bitcoin's footsteps to achieve a new record high. The pioneer cryptocurrency is now exchanging hands above $1,800 w

ETH/USD 4-hour chart Ethereum's network growth has started to recover following a slump, as shown in the chart developed by Santiment.If ETH's network growth continues to surge, we can expect the token price to hit the anticipated $2,000 level in the short-term.Ethereum network growth The uptake of Ethereum by large volume holders continues to skyrocket amid the new all-time highs.Santiment's holder distribution highlights an increase in whales holding between 100,000 and 1 million ETH.

Ethereum holder distribution Ethereum's social volume has also increased significantly.The chatter around the pioneer token is a reflection of the speculation for higher highs.

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