Ethereum pushed higher on Saturday despite Bitcoin flatlining. The cryptocurrency is up 7.5% in the past 24 hours and has moved past $1,300 for the first time since January of 2018.
The cryptocurrency remains below the all-time high price of $1,450 despite the recent push higher and the recent Bitcoin rally to $42,000. ETH is the best-performing crypto asset in the top 10 by market capitalization except for Bitcoin Cash (BCH).
KSI Name Drops Ethereum
Popular Youtuber “KSI,” also known as Olajide Olayinka Williams “JJ” Olatunji, recently tweeted out “Ethereum” on Twitter. The tweet from the influencer can be seen below.
The tweet went crypto-viral, garnering tens of thousands of likes and thousands of replies.
Many in the cryptocurrency space responded to KSI’s tweet, telling him about Ethereum and joking about it being the future of finance.
This appears to be the first time the Youtuber has mentioned Ethereum or other cryptocurrencies. A search on Google for “KSI Youtuber Bitcoin” results in nothing relevant to the Youtuber or his interactions with cryptocurrency.
— KSI (@KSI) January 9, 2021
Of note, it is unclear whether or not the celebrity actually owns ETH or was just commenting on it to capitalize on the ongoing attention given to the cryptocurrency.
KSI is the latest celebrity to have dabbled in Bitcoin, Ethereum, and cryptocurrency amid the recent price rally.
Previously, rapper Sir Robert Bryson Hall II, also known as “Logic,” put a material amount of his net worth into Bitcoin late last year. Assuming he hasn’t sold (which is something he hasn’t announced), he should be up over 150% on his investment in the leading cryptocurrency.
Little Resistance Ahead of ETH, Per Order Book Data
Data shows that Ethereum may be ready to surge even higher in the weeks and months ahead, which may validate KSI’s tweet about the cryptocurrency.
A crypto-asset trader recently shared the chart seen below, which shows that there is little overhead resistance for Ethereum past $1,400. This means that like Bitcoin, once the previous all-time high region breaks, there may be little resistance as the cryptocurrency enters a phase of a market known as price discovery.
The trader says that Ethereum could face some resistance in the $1,350 range, though, which is just a few percent above the current price.
Ok lemme throw a serious tweet in the mix.
I feel like the books just aren’t really at all for this type of FOMO. There’s tiny bit of resistance at 1350. A lil more at 1400, and then… Nothing.$ETH pic.twitter.com/EUN1HCRTPj
— Byzantine General (@ByzGeneral) January 10, 2021
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