The price of Ethereum (ETH) has officially broken its all-time high, exceeding the $ 1,431 mark.
The previous all-time high of the second largest cryptocurrency was reset in January 2018.
According to the price aggregator CoinMarketCap at the time of publication, ETH has hit up to $ 1,467.
Macro guru and crypto investor Raoul Pal expects ETH to lead the crypto package in the near future, with another altcoin season on the horizon.
“At this point and for a while, ETH is leading, the season follows and Bitcoin is still exploding higher. Everyone wins.
Enjoy the FUD and take it openly, but remember that in an exponential bull market, everyone wants you to get out of your trade. It is really not easy. “
Popular pseudonymous analyst Cred tells his 191,000 Twitter followers that he thinks ETH is at the beginning of a major uptrend and the DeFi market will follow suit.
He’s looking at five altcoins.
“If the requirements are met, I would expect ETH to outperform in the first leg during pricing, but that DeFi would continue to bid.
The easiest way to react to this would be through ETH / USD longs. Other alts likely higher beta. Keep your eyes open: Uni, Sushi, Link, Dot, Aave. “
At the time of writing, ETH was trading at $ 1,427, which is an increase of 13.47% over the past 24 hours.
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