{"id":247850,"date":"2021-05-12T18:44:34","date_gmt":"2021-05-12T15:44:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-price-aims-for-5k-after-reaching-3-year-high-versus-bitcoin\/"},"modified":"2021-05-12T18:44:34","modified_gmt":"2021-05-12T15:44:34","slug":"ethereum-price-aims-for-5k-after-reaching-3-year-high-versus-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-price-aims-for-5k-after-reaching-3-year-high-versus-bitcoin\/","title":{"rendered":"# Ethereum price aims for $5K after reaching 3-year high versus Bitcoin"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c56db0f8a0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c56db0f8a0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-price-aims-for-5k-after-reaching-3-year-high-versus-bitcoin\/#Funding_rates_could_hold_key_to_ETH_resilience\" >Funding rates could hold key to ETH resilience<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-price-aims-for-5k-after-reaching-3-year-high-versus-bitcoin\/#ETHBTC_still_needs_to_double\" >ETH\/BTC still needs to double<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Ethereum price aims for $5K after reaching 3-year high versus Bitcoin <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Ether (ETH) set a second all-time high on May 12 as the largest altcoin continued on its way to what analysts say will be $5,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-05\/546102d1-fff2-4a57-996f-98c31960906f.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-hour candle chart (Bitstamp). Source: Tradingview<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Funding_rates_could_hold_key_to_ETH_resilience\"><\/span>Funding rates could hold key to ETH resilience<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a>\u00a0tracked ETH\/USD as the pair put in two all-time highs in a single day on Wednesday.<\/p>\n<p>Part of the now notorious &#8220;alt season 2.0,&#8221; Ether\u00a0hit $4,350 earlier on the day, only to better its performance hours later and reach $4,380.<\/p>\n<p>Now under 15% away from $5,000, multiple commentators&#8217; forecasts of Ethereum\u2019s native token hitting the landmark price level are in the spotlight.\u00a0<\/p>\n<p>Among them is that of Cointelegraph contributor Marcel Pechman, who in an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=hvQmYB3y9ms\">interview<\/a> last week highlighted data which suggested that a $5,000 ETH was a matter of &#8220;if,&#8221; not &#8220;when.&#8221;<\/p>\n<p>Pechman said that funding rates had yet to catch up with price gains, and thus retail investors were waiting on the sidelines at price levels around $3,500. Institutions, however, were more active.<\/p>\n<p>&#8220;It tells me that pro traders have been bullish for quite some time \u2014 for a couple of weeks \u2014 but the retail traders are still waiting for a buy opportunity,&#8221; he summarized<\/p>\n<p>Since then, funding rates have increased only modestly, indicating that the market trajectory has even more room to continue.\u00a0<\/p>\n<p>As Pechman and Cointelegraph noted, exchange balances of ETH are likewise falling despite the opportunity to realize profits.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ETHBTC_still_needs_to_double\"><\/span>ETH\/BTC still needs to double<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Part of their resilience may lie in entering trades long ago. Those using Bitcoin (BTC) to buy ETH at any time since mid June 2018 remained in the red at the time of writing \u2014 the ETH\/BTC pair still had far to go to match its all-time highs.<\/p>\n<p>These were set a year earlier in June 2017 at 0.144 BTC. Wednesday&#8217;s USD high corresponded to 1 ETH being worth a comparatively modest 0.077 BTC.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">ETH is now ~0.08 BTC and might even pump to 2017 peak levels of 0.12 BTC. But beware that after a pump altcoins frequently return to their normal BTC denominated ranges (or lower). <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Cointegration?src=hash&amp;ref_src=twsrc%5Etfw\">#Cointegration<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/PairsTrading?src=hash&amp;ref_src=twsrc%5Etfw\">#PairsTrading<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/fk36Yq6EcE\">pic.twitter.com\/fk36Yq6EcE<\/a><\/p>\n<p>\u2014 PlanB (@100trillionUSD) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1392495498389557251?ref_src=twsrc%5Etfw\">May 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ethereum has nonetheless outperformed Bitcoin with its gains throughout the past year, leading to increasing attention from mainstream sources, several of which have begun to school readers on the differences between the two largest cryptocurrencies.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/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 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> 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\/ethereum-price-aims-for-5k-after-reaching-3-year-high-versus-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ethereum price aims for $5K after reaching 3-year high versus Bitcoin &#8221; Ether (ETH) set a second all-time high on May 12 as the largest altcoin continued on its way to what analysts say will be $5,000. ETH\/USD 1-hour candle chart (Bitstamp). Source: Tradingview Funding rates could hold key to ETH resilience Data from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":247851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvOGUyMzcyNmQtOTM5Ni00MTFmLTg0YzItYzA0ZmRmNDkyNGU3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,82402,74891,73785],"class_list":["post-247850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-ether-price","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/247850","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=247850"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/247850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/247851"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=247850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=247850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=247850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}