Ethereum at $5000 Milestone – Says CEO of deVere Group

“Growing recognition that borderless digital currencies are the future of money.”

Ethereum has gained 98% in the last 30 days with a price increase from $2121 to $4263. The #2 cryptocurrency has the ATH at $4351 and slowly soaring towards $5000. Ether has jumped more than 30% in the past week, and now has a market cap of nearly $460 billion, according to CoinMarketCap, and has soared 2,000% in the past year. A $1,000 investment in Ether in 2015 would be worth over $4.7 million today.

Nigel Green, CEO, and founder of deVere Group, says Ethereum’s time has come—and the digital currency is well-positioned to increase its market share.

“Ether is one of the main beneficiaries in the wider explosion in the cryptocurrency market. The boom over recent months has been fueled by soaring interest from major institutional investors and growing recognition that borderless digital currencies are the future of money. This momentum is likely to build further in the near-term and I believe Ether will hit $5,000 within seven days.”

 Ethereum Chart:

Eth Chart

Ethereum ran 100%, expecting some pullbacks from these areas & if you look at the altcoins Total market cap it’s obvious that we are in ALTCOIN season.
pullbacks around these areas are healthy, take profits & find the next coins that will make you more of Ethereum.

Ethereum intraday levels:

Spot rate: $4,340

Trend: Bullish

Volatility: High

Support: $4,200, $4,000 and $3,600

Resistance: $4,400

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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