Ethereum went higher on Saturday despite Bitcoin flatlining. The cryptocurrency is up 7.5% in the past 24 hours and is soaring more than $ 1,300 for the first time since January 2018.
The cryptocurrency remains below its all-time high of $ 1,450, despite the recent push higher and the recent Bitcoin rally to $ 42,000. ETH is the top-performing crypto asset in the top 10 by market cap, excluding Bitcoin Cash (BCH).
KSI name drops Ethereum
The popular Youtuber “KSI”, also known as Olajide Olayinka Williams “JJ” Olatunji, recently tweeted “Ethereum” on Twitter. The influencer’s tweet can be seen below.
The tweet went cryptoviral and garnered tens of thousands of likes and thousands of comments.
Many in the cryptocurrency space responded to KSI’s tweet, telling him about Ethereum, and joking that it would be the future of the financial world.
This seems to be the first time the Youtuber has mentioned Ethereum or other cryptocurrencies. A search on Google for “KSI Youtuber Bitcoin” will return nothing relevant to the Youtuber or its interactions with cryptocurrency.
– KSI (@KSI) January 9, 2021
Note that it is unclear whether the celebrity actually owns ETH or just commented on it to take advantage of the ongoing attention being paid to the cryptocurrency.
KSI is the latest celebrity to delve into Bitcoin, Ethereum and cryptocurrency amid the recent price hike.
Earlier, rapper Sir Robert Bryson Hall II, also known as “Logic”, put a significant portion of his net worth in Bitcoin late last year. Assuming he didn’t sell (which he didn’t announce), he should be over 150% higher than his investment in the leading cryptocurrency.
Little resistance before ETH, data per order book
Data suggests that Ethereum may be poised to soar even higher in the coming weeks and months, which could validate KSI’s tweet about the cryptocurrency.
A crypto asset trader recently shared the chart below, showing that there is little overhead resistance for Ethereum after $ 1,400. This means that, as with Bitcoin, once the previous record high ever breaks, there can be little resistance as the cryptocurrency enters a phase of a market known as price discovery.
However, the trader says Ethereum could face some resistance in the USD 1,350 range, which is only a few percent higher than the current price.
Okay, let me throw a serious tweet into the mix.
– Byzantine General (@ByzGeneral) January 10, 2021
Related reading: 3 Bitcoin On-Chain Trends Show A Macro Bull Market Is Growing
Featured Image from Unsplash Chart from TradingView.com Price Tags: ethusd, ethbtc, eth Popular Youtuber KSI Tweets "Ethereum" Amid Fresh Rally