3 reasons why Ethereum price is still on track to top $2,000

After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22.

The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded to a new all-time high even as price continues to trade in a slight downtrend.

4-hour chart. Source: TradingView
ETH held in exchange wallets. Source: Cryptoquant.com
March 2021 ETH futures premium. Source: NYDIG Digital Assets Data
ETH aggregate spot exchanges volumes. Source: Coinalyze.net
Exchanges top traders ETH long-to-short ratio. Source: Bybt.com