The record achieved by the Ethereum price exceeding the level of $ 3,400 at the beginning of the week delighted its investors and its founder, Vitalik Butarin. Continuing its rise without stopping, Ethereum made Vitalik Buterin a billionaire at the age of 27. The Ethereum founder has, as far as is known, 333,500 ETH in his wallet. Vitalik Buterin also owns other wallets and tokens.
Ethereum’s rapid rise to $3,400 made Vitalik Buterin, 27, a billionaire. Above Vitalik Buterin, who is the second youngest dollar billionaire in the world, is Austin Russell, the founder of automotive sensor company Luminar Technology. Russell’s company went public last December. Russell became the world’s youngest billionaire, at the age of 25.
There are many names who think that the $ 3,400 level for Ethereum is the beginning of the road. Fundstrat Global Advisors is one of them. According to the company’s latest report, the ETH price may exceed the $50,000 level by the end of this year. “We expect $50,000 per Ethereum in the end of 2021” said Vitalik Buterin during an interview.
Ethereum, the second largest cryptocurrency after Bitcoin, was trading at $3,316 at the time of writing, with its market cap reaching $383 billion. Ethereum price is moving within an ascending channel. On the chart that moves between 3.118 and 3.400, the levels to watch for declines are 3000 and 2790 support levels. Unless there is a close below 2550 in the next few weeks, the uptrend is likely to continue.
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