Famous Investor Ethereum (ETH) Announced His Goal: First $1700 Then…

Head of Sierra Alpha Research David Keller, Ethereum (ETH) He shared his comments on his performance in the market on Twitter and expressed his bullish trend.

Famous Investor Says Ethereum (ETH) Can Take Back $2000

As Keller points out, the second-largest cryptocurrency has seen a significant rise amid the market-wide recovery, up 60% from its June 2022 low.

However, Keller believes that the real test for Ethereum will come when it finally breaks the $1,700 resistance.

If Ethereum can break this hurdle, Keller thinks it has the capacity to reach new highs, possibly reaching $2,000 or higher.

Surely an impressive run for #Ethereum with $ETHUSD up about 60% from the June 2022 low. You know what would be *really* impressive? A follow-through above resistance at 1700, which could clear the way to 2K and beyond. h/t @crypto_birb great to meet you yesterday! pic.twitter.com/tykI09TSUO

— David Keller, CMT (@DKellerCMT) February 1, 2023

Shanghai Upgrade

Ethereum is in rally mode ahead of the Shanghai upgrade expected in March. The much anticipated upgrade will make it possible to withdraw staked ETH tokens.

The testnet, which went live, will not offer users the ability to immediately try any of the withdrawal features, which will be implemented in the Shanghai and Capella testnet updates six days later.

Users will be able to try depositing money with validators and get an idea of ​​how the UI will behave.

Users will be able to try out various withdrawal and deposit features six days after testnet launch.

Despite this rise in Ethereum price, Bitcoin, the largest cryptocurrency, is regaining its previously lost dominance in the crypto market.

According to data provided by CoinMarketCap, Bitcoin currently accounts for more than 42% of the entire crypto market size, which is worth just over $1 trillion.

*Not investment advice.