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Timothy Peterson predicts further growth in the cost of ether

Analyst Timothy Peterson of Cane Island Alternative Advisors believes the investment appeal of Ether (ETH) will increase significantly over the next five months. The largest altcoin exceeded $ 1200 the day before. Within the next 24 hours, the coin can bypass its own indicators of three years ago and exceed $ 1400. In about five months, ether will be able to gain a foothold above $ 2,000, Peterson tweeted. He analyzed the data on the monthly return of ETH in relation to Bitcoin since 2015 and concluded that the attractiveness of this instrument will increase. The growing value of the altcoin is also indicated by the Unfolded command. She found out that along with bitcoin, interest in ether has grown on the Internet. The number of searches related to ETH has already surpassed the record figures of the 2017-2018 frontier. The number of people willing to buy the altcoin jumped after it exceeded $ 1000. In January 2021, the price of ETH increased by over 60%. The coin is gaining amid the aggressive growth of bitcoin. BTC on the eve for the first time turned out to be above $ 40,000. Analysts associate the sharp rise in the value of the cryptocurrency with the political crisis in the United States, provoked by the supporters of the still incumbent President Donald Trump.

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