Ethereum all-time high: This is just the beginning!

Ethereum (ETH) has hit a new all-time high, breaking the $ 1,500 mark for the first time. But that seems to be just the beginning. Some indicators suggest that there is still significant room for improvement. The market update.The time will come on February 8th, and the world’s largest futures exchange, the Chicago Mercantile Exchange (CME), will introduce Ethereum Futures. The contracts bring back memories of 2017 when the Bitcoin futures launch coincided with a high in the leading digital asset, and the price subsequently plummeted. At that time, many blamed the CME for the spectacular price crash of Bitcoin (BTC), and some were wondering whether the same could happen with Ether.Nikolaos Panigirtzoglou, an investment strategist at JPMorgan Chase & Co. believes it is possible that the Ether futures could cause negative price dynamics. That would be because large investors could bet on falling ETH prices through the introduction of the Ether Futures. Nevertheless, Ether is currently unimpressed. The smart contract platform climbed to an all-time high of $ 1,565 as of press time, up 11.15 percent in the past 24 hours.The Ethereum course has now performed better than Bitcoin (BTC) in both 2020 and 2021.In addition, there are currently many indications that Ethereum will not suffer the same fate on February 8 as Bitcoin in 2017.The Futures Premium measures how expensive longer-term futures contracts are compared to the Ether price on the traditional spot markets. Therefore, the indicator can be seen, among other things, as a reflection of the optimism of investors. The futures contracts are currently slightly above the prices of the spot markets, which indicates that investors are extremely optimistic about further price gains at ETH.An annualized premium of 10 to 20 percent is healthy for the markets, and any number above that indicates great optimism. Conversely,…