Ethereum rose higher on Saturday despite Bitcoin flatlining. The cryptocurrency is up 7.5% in the past 24 hours and has moved above $ 1,300 for the first time since January 2018.
The cryptocurrency remains below its all-time high of $ 1,450, despite the recent surge and bitcoin rally to $ 42,000. With the exception of Bitcoin Cash (BCH), ETH is the crypto asset with the best performance in the top 10 by market capitalization.
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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 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 that it was the future of finance.
This seems to be the first time that the Youtuber mentions Ethereum or other cryptocurrencies. A search on Google for “KSI Youtuber Bitcoin” leads to nothing that is relevant for the Youtuber or his interactions with the cryptocurrency.
– KSI (@KSI) January 9, 2021
It is noteworthy that it is unclear whether the celebrity actually owns ETH or just commented to benefit from the ongoing attention to the cryptocurrency.
KSI is the latest celebrity to delve into Bitcoin, Ethereum and cryptocurrency amid the recent price rally.
Previously, rapper Sir Robert Bryson Hall II, also known as “Logic”, had invested a significant portion of his net worth in Bitcoin late last year. Assuming he didn’t sell (which he didn’t announce), he should increase his investment in the leading cryptocurrency by over 150%.
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Little resistance from ETH, per order book data
Data shows that Ethereum may rise even higher in the coming weeks and months, which could confirm KSI’s tweet about the cryptocurrency.
A crypto asset trader recently shared the graph shown below, which shows Ethereum has little overhead resistance after $ 1,400. This means that, as with Bitcoin, after breaking the previous all-time high region, there may be little resistance as the cryptocurrency enters a phase of a market known as pricing.
However, the trader says Ethereum could face some resistance in the $ 1,350 area, which is just a few percent above the current price.
Ok, let me throw a serious tweet into the mix.
I feel like the books aren’t real at all for this type of FOMO. Around 1350 there is some resistance. A little more at 1400 and then … nothing. $ ETH pic.twitter.com/EUN1HCRTPj
– Byzantine General (@ByzGeneral) January 10, 2021
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Featured image from Unsplash Chart from TradingView.com Price tags: ethusd, ethbtc, eth Popular Youtuber KSI tweets “Ethereum” amid a new rally