Ethereum Nears All-Time-High…but Nobody Knows which Watershed to Aim for

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Tim Alper

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Tim Alper

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Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

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June 26, 2023 06:54 EDT

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Media coverage of the latest crypto rally has largely focused on bitcoin (BTC)’s performance, with the token smashing all sorts of price records in recent weeks. But this bull market is not all about the BTC – altcoins are also having a field day, particularly bitcoin’s seemingly perpetual bridesmaid ethereum (ETH).

And with ether experiencing growth of over 100% in the past week, per most price aggregators, it looks like ETH is now ready to have its own time in the sun, and break through its all-time high (ATH).

There’s just one problem: Just as was once the case with BTC, nobody seems to quite agree what ETH’s historic ceiling actually is.

Coingecko puts the figure at USD 1,448.18 on its ETH page. Messari goes a bit lower with USD 1,431.77, while Coincodex goes considerably higher at USD 1,570. And Bitinfocharts has the lowest price of the lot at USD 1,355.59.

It is a discrepancy that even has the mainstream media hedging its bets about the what, whens and whys of ETH’s ATH. In a recent report, CNBC wrote about how ETH was “within reach of an all-time high above USD 1,400 which it reached in mid-January 2018.”

There is some consensus to be found, however (if one looks hard enough!). Both the ETH page on Coinmarketcap and the corresponding data at Coinpaprika agree on a figure of USD 1,432.88. And all six agree that the ATH (whatever it was) was reached on January 13, 2018 – prior to the “bubble bursting” events that saw crypto prices enter a long bear market.

At the time of writing (11:21 UTC), ETH trades at USD 1,192 and is up by almost 3% in a day and 60% in a week. It rallied by 107% in a month and 732% in a year.

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Learn more:
What’s in Store for Ethereum in 2021?
“Ethereum Is (Not) Money” Trigger Tested Again And It Still Works
Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Chainlink Price Predictions for 2021