{"id":135407,"date":"2020-12-17T07:31:34","date_gmt":"2020-12-17T04:31:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ether-hits-2020-high-as-bitcoin-tops-22k\/"},"modified":"2020-12-17T07:31:34","modified_gmt":"2020-12-17T04:31:34","slug":"ether-hits-2020-high-as-bitcoin-tops-22k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ether-hits-2020-high-as-bitcoin-tops-22k\/","title":{"rendered":"# Ether hits 2020 high as Bitcoin tops $22K"},"content":{"rendered":"<p>&#8220;<strong># Ether hits 2020 high as Bitcoin tops $22K <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>While Bitcoin continues to push into new all-time highs, Ether has also tagged new year-to-date highs following <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> the Chicago Mercantile Exchange plans to launch ETH futures contracts in 2021.<\/p>\n<p>BTC spiked into new highs on Dec. 16, gaining 10% in one day from $19,140 to $21,340. Dec. 17 has seen BTC extend the rally by a further 4% so far \u2014 with the market currently searching for support near $21,800 after posting a local top of $22,160.<\/p>\n<p>While many traders <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be glued to the Bitcoin charts, Ethereum also pushed into new yearly highs after gaining 8.5% yesterday. Today the price increased to a local top of $656, with the markets currently hovering half a percent above yesterday\u2019s closing price of $640.<\/p>\n<p>The rally followed news that CME intends to launch ETH futures in 2021 pending regulatory approval. It cited strong customer demand for the product. <\/p>\n<p>CME launched its Bitcoin futures contracts in December 2017, which signaled the top of that year\u2019s historic rally.<\/p>\n<p>Some predict even greater moves upwards for ETH to come. <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> user \u2018Altcoin Sherpa\u2019 noted that ETH has begun multi-month rallies in December that saw gains of at least 100% for each of the past three years. As such, the analyst predicts Ether will soon surpass $1,000 for the first time since 2017.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> has started its run every December the last 3 years with at least 100%+ ROI over the following months. What makes you think this year will be any different? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> to $1000+ within the next few months IMO. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETHUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETHUSD<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/TWznrDjXaU\">pic.twitter.com\/TWznrDjXaU<\/a><\/p>\n<p>\u2014 Altcoin Sherpa (@AltcoinSherpa) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AltcoinSherpa\/status\/1338959811409551360?ref_src=twsrc%5Etfw\">December 15, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Ethereum perma-bull \u2018wolfofethereum.eth\u2019 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LUKACACIC\/status\/1339311883896152071?s=20\">speculated<\/a> that \u201cthe $ETH show is just getting started,\u201d highlighting that Ether has outperformed BTC by 185% over the past 12 months.<\/p>\n<p>Set Protocol\u2019s Anthony Sassano posted an image <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sassal0x\/status\/1339192917735292928\">comparing<\/a> the metrics for Ethereum when it last broke $500 and the situation today \u2014 noting a 900% increase in active developers, an 80% increase in 24-hour transaction count, a 60% increase in active addresses, and a 150% increase in network hash rate.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> first hit $500 on November 29th, 2017 during the late stages of the last bull market.<\/p>\n<p>Recently, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> hit $500 again so I decided to track how a few different metrics have grown since November 29th, 2017. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/dvyilK8Vuc\">pic.twitter.com\/dvyilK8Vuc<\/a><\/p>\n<p>\u2014 Anthony Sassano | sassal.eth  (@sassal0x) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sassal0x\/status\/1339192917735292928?ref_src=twsrc%5Etfw\">December 16, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>ETH\/BTC shorts on Bitfinex are currently sitting at record lows, suggesting the markets expect Ether to make gains over BTC for the foreseeable future. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDLONGS\/?exchange=BITFINEX\">ETH\/BTC longs<\/a> are at their highest level since February 2018.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/d9039650-4715-4c9b-9adf-2e3c98a85d77.png\"><figcaption style=\"text-align: center;\">Weekly ETH\/BTC shorts on Bitfinex: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDSHORTS\/?exchange=BITFINEX\">TradingView<\/a><\/figcaption><\/figure>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ether-hits-yearly-highs-as-bitcoin-tops-22k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ether hits 2020 high as Bitcoin tops $22K &#8221; While Bitcoin continues to push into new all-time highs, Ether has also tagged new year-to-date highs following news the Chicago Mercantile Exchange plans to launch ETH futures contracts in 2021. BTC spiked into new highs on Dec. 16, gaining 10% in one day from $19,140&#8230;<\/p>\n","protected":false},"author":1,"featured_media":135408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/f1770bb5-2450-4e22-afe3-90bbbfc23632.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74891],"class_list":["post-135407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-ethereum"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/135407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=135407"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/135407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/135408"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=135407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=135407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=135407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}