{"id":565304,"date":"2021-01-10T19:31:17","date_gmt":"2021-01-10T16:31:17","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565304"},"modified":"2021-01-10T19:31:17","modified_gmt":"2021-01-10T16:31:17","slug":"ethereum-eth-is-100-shy-of-breaking-its-all-time-high-of-1432","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-eth-is-100-shy-of-breaking-its-all-time-high-of-1432\/","title":{"rendered":"Ethereum (ETH) is $100 Shy of Breaking its All-time High of $1,432"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n The second most valuable digital asset in the crypto-verse – Ethereum (ETH) – is at the cusp<\/a> of breaking its all-time high of $1,432 set on January 13th, 2018. At the time of writing, Ethereum is hovering above the $1,320 price area which is $112\u00a0 away from the aforementioned all-time high.<\/p>\n With both Ethereum’s and Bitcoin’s weekly close only hours away, the stability of BTC<\/a> is crucial in ETH maintaining its bullish momentum that could see it break its ATH in the coming week<\/a>.\u00a0In addition to an uncertain Bitcoin, Ethereum is currently in overbought territory as seen through the daily ETH\/USDT chart below.<\/p>\n <\/a><\/p>\n Also from the daily ETH\/USDT chart above, the following can be observed.<\/p>\n Summing it up, Ethereum could well be on a path towards retesting or breaking its all-time high of $1,432. Ethereum is currently trading at $1,320 and is approximately $100 away from breaking its all-time high<\/a>.<\/p>\n However, for Ethereum to achieve this milestone, Bitcoin needs to be steady rolling up to the weekly close that is only a few hours away. Furthermore, Ethereum’s daily chart is hinting at buyer exhaustion that could result in either sideways movement or a dip for ETH to the $1,160 or even $1,000 price area.<\/p>\n\n
Bitcoin Remaining Stable is Crucial to Ethereum’s Bullishness<\/h2>\n
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Conclusion<\/h2>\n