CoinVoice has learned that, according to CoinDesk, the price of Ethereum broke through $4900 on Sunday evening, reaching a new all-time high of $4946.
Cryptocurrency trader Crypto Rover predicts: "ETH held by exchanges has been decreasing recently. A decrease in exchange holdings may lead to reduced supply, which could drive prices up." Another analyst, Miles Deutsher, added: "BTC has been weak, but ETH has not. While BTC's upward trend has stagnated near its peak, ETH is forming strong buying momentum, showing relatively clear upward momentum."
Some analysts warn that weekend breakthroughs often see pullbacks, and a short-term pullback is expected early this week. [Original link]
