Next, there are several reasons why Ethereum will continue to rise: 2000-3000 US dollars, there is still room for doubling

There are several reasons for Ethereum to continue to rise: 2000-3000 US dollars, there is still room for doubling

The first reason: the technical form is very similar: look at the k-line

The second reason: Grayscale resumed the subscription of Ethereum Trust Ethereum Trust did not increase its holdings in January, and will restart private placement subscriptions in February, which will be conducive to the rise of Ethereum. Grayscale posted on its official Twitter on January 30th: "From 5:00 on January 30th, the Grayscale Ethereum Trust Fund (ETHE) will resume private subscription

The third reason: the largest futures exchange launches Ethereum futures products. Ethereum futures may be launched in February. Once launched, institutions will further increase their holdings. On December 16, 2020, CME Group announced that it will launch Ethereum futures on February 8, 2021. The new contract will be settled in cash and is currently awaiting regulatory review.

The fourth reason is that the amount of locked positions in Ethereum 2.0 has increased. From now on, the circulation of Ethereum on the market will become less and less. The amount of new locked positions will be 500,000 to 1 million per month, and about 15,000 new ones will be added every day, 450,000

Fifth, the second round of explosion of defi currency is coming. The transaction volume of the decentralized exchange (DEX) in January exceeded 60 billion US dollars, a record high. Among them, the trading volume of Uniswap exceeded 30 billion US dollars in January. It can be said that the fundamentals of Ethereum continue to improve, which provides a good basis for the rise of ETH in the market outlook. In addition, Google Trends data shows that the search volume of "Ethereum" on Google has reached a record high and has surpassed the last round of bull market. The last peak Google search interest for "Ethereum" was on January 13, 2018, when the ETH price peaked at $1,432.88. I would like to recommend a self-media account that I like more: In fact, the judgment of the market is very simple: it depends on whether the probability of continuing to go bullish is high or the probability of the market ending directly is high. As long as you don’t go bearish, Ethereum can reach 3000 One dollar, the logic is as simple as that.

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