New ATH for Ethereum

New ATH for Ethereum

  • A few days ago Ethereum (ETH) had tried to set a new ATH, but actually only succeeded on a few exchanges.
  • Today, however, the price of ETH has finally, without a shadow of a doubt, reached its new all-time high.
  • According to CoinMarketCap, the new all-time high recorded today is $1,467.78, while according to CoinGecko it would be $1,459.93.

This is a very small difference, more or less around $1,460, but in both cases the maximum price recorded today would be higher than the one recorded on 13 January 2018, when the previous ATH was recorded.

It has to be said that Profit Evolution while ETH’s new record is only very slightly higher than the one reached during the great speculative bubble of late 2017/early 2018, BTC’s was more than twice as high.

For this reason, there are those who believe that the price of ETH actually has the potential to grow further.

Ethereum’s ATH, the similarities with 2018

Currently, the price has fallen in comparison to ATH, positioning itself more or less just above $1,400, but it should be noted that during the 2017/2018 bubble, the price stayed above $1,400 for only two days, namely on January 10 and 13. This record has also already been reached, because in January 2021 the price of ETH has already been above $1,400 for two days, namely on the 19th and 25th.

Should it remain around this level tomorrow as well, the situation will start to differ from that of three years ago.

A curious thing is that a month ago ETH was worth around $600, and a month before the January 2018 ATH the price was essentially the same: $600. Therefore, the growth curve of the last month, which led to the new ATH, is very similar to the one that led to ATH three years ago.

In 2018, after touching an all-time record, the price collapsed, falling first below $1,000, then below $600, and then below $400, in three months.

In the coming days it will be easy to see if the trend in January 2021 will be different, not least because in 2018 it took only four days to go from $1,400 to $1,000.