Even though Ethereum (ETH) has entered its all-time high (ATH) against the US dollar territory today, it’s still many satoshis away from its ATH against bitcoin (BTC). (Updated at 12:09 PM UTC with the latest price data. Updated at 13:39 UTC with the two last paragraphs.)
Three years after reaching a major peak, ethereum may be surpassing it soon. It reached its previous all-time high on January 13, 2018, with the price of USD 1,432 per coin, according to Coinpaprika. As reported, Coingecko put the figure at USD 1,448.18 on its ETH page. Messari went a bit lower with USD 1,431.77, while Coincodex went considerably higher at USD 1,570. And Bitinfocharts had the lowest price of the lot at USD 1,355.59.
In either case, as ETH had rallied up, it had dropped back down in the following months, only to start rallying again in late 2020 and particularly the first weeks of 2021.
The second coin by market capitalization has gone up 14% in a day, 28% in a week, and 118% in a month, trading at USD 1,417 (12:07 PM UTC) after it reached USD 1,424 earlier today.
ETH ATH was ~0.15, current price is ~0.035.
— Impersonator of Pierre Rochard (@pierre_rochard) January 19, 2021
That said, in USD terms, ETH still seems to be in a rallying mode, aiming higher – going up more than 23% in a week, compared to bitcoin’s 1% – while BTC has traded between the USD 35,000 and USD 37,000 level for the past four days, currently sitting at USD 37,331. Also, while BTC appreciated nearly 329% in a year, ETH went up nearly 740% in that same time.
“Bitcoin has been in a range for the past few weeks, which gives time for capital to rotate” into other digital assets, Vijay Ayyar, head of business development with crypto exchange Luno was quoted as saying by Bloomberg.
According to economist and trader Alex Krüger, “Ethereum will soon pass to the next level,” while the levels “to watch beyond all time highs” are USD 1500, USD 1600, USD 1920, USD 2000, USD 2240, USD 2500, and USD 2750, he said.
Per an analyst at crypto research firm Messari, Ryan Watkins, there’s plenty of reason to be bullish on ETH, as Ethereum’s daily transaction volume is going parabolic. Per Coinpaprika.com, the volume jumped from USD 20.76bn to USD 30bn (and from BTC 565,961 to BTC 813,405) between January 18 and 19, while it had been at USD 30bn four days ago as well.
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Reactions:
I think many many alts are going to make USD all-time highs over the next couple of months, most probably aren’t ge… https://t.co/MBeARgc2RH
— Nik Patel (@cointradernik)
@cryptoSqueeze Not quite there yet. Lets break the ETH/BTC level, back test it successfully and I am good to go.
— TraderRoark (@RoarkTrader)
@PeterMcCormack imagine how this chart will change with eth in price discovery and bitcoin still stuck in consolidation
— KING CO฿IE (@CryptoCobain)
All-time high of Ethereum on different exchanges:
— Larry Cermak (@lawmaster)
This new $ETH ATH is so ridiculously long overdue. Look forward to seeing the breakout!
— Jeremy Allaire (@jerallaire)
Hello $1400 $ETH. I missed you.
— Boxmining (@boxmining)
These markets are as fast as I’ve ever seen. Hesitate and you lose. Be careful, be decisive, and realize we are i… https://t.co/zcvn7oIaut
— Mike Novogratz (@novogratz)
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Learn more:
Ethereum is Still an Unfinished Product, Says Bitcoin Investor Lyn Alden
What’s in Store for Ethereum in 2021?
“Ethereum Is (Not) Money” Trigger Tested Again And It Still Works
Bitcoin vs. Ethereum Fight Escalates amid Fresh Capital Entering the Space
Bitcoin Is Better Than Ethereum At These Four Things
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