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New ATH for Ethereum
New ATH for Ethereum
Ethereum

New ATH for Ethereum

By Marco Cavicchioli - 25 Jan 2021

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A few days ago, Ethereum (ETH) had tried to set a new ATH, but had 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 somewhere around $1,460, but in both cases the maximum price recorded today would be higher than the one recorded on January 13th, 2018, when the previous ATH was recorded.

It has to be said that while ETH’s new record is only 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 relative to the 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 10th and 13th. This record has also already been achieved, because in January 2021 the price of ETH was already 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 possible to easily verify whether the trend in January 2021 is any different, particularly since in 2018 it took only four days to go from $1,400 to $1,000

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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