{"id":355544,"date":"2021-10-20T18:30:44","date_gmt":"2021-10-20T15:30:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-nears-its-own-all-time-high-as-eth-price-retakes-4k\/"},"modified":"2021-10-20T18:30:44","modified_gmt":"2021-10-20T15:30:44","slug":"ethereum-nears-its-own-all-time-high-as-eth-price-retakes-4k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-nears-its-own-all-time-high-as-eth-price-retakes-4k\/","title":{"rendered":"# Ethereum nears its own all-time high as ETH price retakes $4K"},"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-6a41b5f1c9d45\" 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-6a41b5f1c9d45\" 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-nears-its-own-all-time-high-as-eth-price-retakes-4k\/#Ethereum_breaks_4000_nearing_new_all-time_high\" >Ethereum breaks $4,000, nearing new all-time high<\/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-nears-its-own-all-time-high-as-eth-price-retakes-4k\/#ETH_price_ascending_triangle_setup\" >ETH price ascending triangle setup<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Ethereum nears its own all-time high as ETH price retakes $4K <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Ethereum&#8217;s native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_breaks_4000_nearing_new_all-time_high\"><\/span>Ethereum breaks $4,000, nearing new all-time high<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ETH price rallied  on Oct. 20 by over 5% to <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>roach $4,100 on the Coinbase exchange for the first time since May 2021. The cryptocurrency&#8217;s run-up above $4,000 appeared primarily in the wake of Bitcoin (BTC) breaking\u00a0above $65,000\u00a0to enter price discovery.<\/p>\n<p>According to data provided by Crypto Watch, the 30-day correlation between Bitcoin and Ether <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptowat.ch\/correlations\">came<\/a> out to be 0.81. That shows an 81% linear positive correlation between the two assets.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/ea9c04bd-4a9b-4711-b247-76ff3e46f4ee.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD versus BTC\/USD daily price action. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>As a result, Bitcoin&#8217;s ability to enter price discovery opens up similar prospects for Ether, which still trades a few hundred dollars below its current all-time high of $4,385.<\/p>\n<p><strong><em>Related:\u00a0This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4<\/em><\/strong><\/p>\n<p>&#8220;If BTC broke to new all-time highs, I don&#8217;t see why ETH wouldn&#8217;t,&#8221; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\">commented<\/a> Rekt Capital, an independent market analyst, adding:<\/p>\n<blockquote><p>&#8220;Turn ~$4,000 into support, and ETH\u00a0will levitate towards $4,400 for a break to new All-Time Highs.&#8221;<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"ETH_price_ascending_triangle_setup\"><\/span>ETH price ascending triangle setup<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ETH&#8217;s latest pump boosted its year-to-date profits by almost 450%, compared to Bitcoin&#8217;s 130% returns in the same period. That also raised the possibility of Ether posting better gains than Bitcoin in the coming sessions, thereby achieving levels much higher than Rekt Capital&#8217;s $4,400-target.<\/p>\n<p>On Wednesday, ETH price broke above the Triangle&#8217;s upper trendline. Nevertheless, the move upside accompanied lower trading volume, which could see ETH retest the trendline as support in the near term.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/f3c5e166-e3c9-47f2-a565-6356b69bab4d.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD daily price chart featuring ascending triangle setup. Source: TradingView.com<\/em><\/figcaption><\/figure>\n<p>As Cointelegraph reported earlier, ETH had been painting an Ascending Triangle structure with a $6,500 upside target.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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-nears-its-own-all-time-high-as-eth-price-retakes-4k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ethereum nears its own all-time high as ETH price retakes $4K &#8221; Ethereum&#8217;s native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level. Ethereum breaks $4,000, nearing new all-time high ETH price rallied on Oct. 20 by over&#8230;<\/p>\n","protected":false},"author":1,"featured_media":355545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvYTRmNTQ2ZjMtNjY0Yy00ODcxLWI3ODgtNmZkMTk1NmMzZTk0LmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[88119,79806,81951,74937,74982,82962,74863,75849,82402,74891,74939,75679,75150,78261,1545,73785],"class_list":["post-355544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin-watch","tag-analysis","tag-bitcoin-analysis","tag-bitcoin-price","tag-btc-markets","tag-coinmarketcap","tag-cryptocurrencies","tag-etf","tag-ether-price","tag-ethereum","tag-market-analysis","tag-market-capitalization","tag-market-update","tag-tech-analysis","tag-coronavirus","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/355544","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=355544"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/355544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/355545"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=355544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=355544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=355544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}