{"id":566313,"date":"2021-04-03T11:33:50","date_gmt":"2021-04-03T08:33:50","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566313"},"modified":"2021-04-03T11:33:50","modified_gmt":"2021-04-03T08:33:50","slug":"ethereum-will-continue-to-outperform-bitcoin-eth-at-4k-possible","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-will-continue-to-outperform-bitcoin-eth-at-4k-possible\/","title":{"rendered":"Ethereum Will Continue to Outperform Bitcoin, ETH at $4k Possible"},"content":{"rendered":"<p><strong>In summary:<\/strong><\/p>\n<ul>\n<li><strong>Timothy Peterson has forecasted that Ethereum will continue to outperform Bitcoin in the short-term<\/strong><\/li>\n<li><strong>He also forecasted that Ethereum could hit $4k in Q2<\/strong><\/li>\n<li><strong>Ethereum just hit a new all-time high of $2,146 &#8211; Binance rate\u00a0<\/strong><\/li>\n<li><strong>A consolidation above $2k is bullish for Ethereum and will provide a springboard for a push higher<\/strong><\/li>\n<\/ul>\n<p>In a recent Twitter commentary, Timothy Peterson of Cane Island Alternative Advisors forecasted that <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-ethereum-eth-news\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Ethereum<\/a> will continue to outperform <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-bitcoin-btc-news\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Bitcoin<\/a> in the short term. Key to Mr. Peterson&#8217;s analysis is Ethereum&#8217;s historical performance against Bitcoin with ETH on average, outperforming BTC in the first five months of the year.<\/p>\n<p>Below is Mr. Peterson&#8217;s tweet highlighting the possibility of Ethereum outperforming Bitcoin. Within the tweet, is a chart that provides historical data of Ethereum&#8217;s returns relative to Bitcoin. At the bottom row of the chart, is the average returns of Ethereum vs Bitcoin throughout the year.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/QED?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#QED<\/a> (again).  When I tweeted this, <a href=\"https:\/\/twitter.com\/hashtag\/ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#ethereum<\/a> was $1,000.  If history is a guide, <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ETH<\/a> will continue to outperform <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#bitcoin<\/a> in the near term. <a href=\"https:\/\/t.co\/SCIIPxzy64\" rel=\"nofollow\">https:\/\/t.co\/SCIIPxzy64<\/a><\/p>\n<p>&mdash; Timothy Peterson (@nsquaredcrypto) <a href=\"https:\/\/twitter.com\/nsquaredcrypto\/status\/1377884397639176192?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">April 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Ethereum Could Hit $4k in the Next 3 Months<\/h2>\n<p>In a February 20th tweet that can be found below, <a href=\"https:\/\/en.ethereumworldnews.com\/chainlinks-market-cap-could-hit-1t-in-10-years-crypto-analyst\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Mr. Peterson<\/a> also forecasted that Ethereum could hit $4k in the next 3 months. Doing the math, 3 months from late February equates to a late May possibility of Ethereum hitting his target.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Ethereum<\/a> could hit $4,000 in the next 3 months.<a href=\"https:\/\/t.co\/vyMcBhSR7G\" rel=\"nofollow\">https:\/\/t.co\/vyMcBhSR7G<\/a> <a href=\"https:\/\/t.co\/viEtUpmc0w\" rel=\"nofollow\">pic.twitter.com\/viEtUpmc0w<\/a><\/p>\n<p>&mdash; Timothy Peterson (@nsquaredcrypto) <a href=\"https:\/\/twitter.com\/nsquaredcrypto\/status\/1363069079993659394?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">February 20, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Ethereum Sets New All-time High of $2,146 &#8211; Binance Rate<\/h2>\n<p>At the time of writing, Ethereum is trading at $2,115 after setting a new all-time high of $2,146 only a few hours ago. The <a href=\"https:\/\/en.ethereumworldnews.com\/ethereums-high-daily-active-addresses-point-towards-a-retest-of-2k\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">$2k price area<\/a> is now a valuable support zone for Ethereum and ETH maintaining a value above this level will be crucial in ETH pushing higher.<\/p>\n<p>In an earlier analysis, <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-sets-its-eyes-on-2-5k-as-eth-exchange-reserves-hit-new-lows\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">$2.5k was floated<\/a> as a possible short-term target for Ethereum and if the current momentum is maintained, this level could be reached in the coming week. The possibility of Ethereum hitting this value is further affirmed by a stable Bitcoin that has its eyes set on $60k and beyond.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In summary: Timothy Peterson has forecasted that Ethereum will continue to outperform Bitcoin in the short-term He also forecasted that Ethereum could hit $4k in Q2 Ethereum just hit a new all-time high of $2,146 &#8211; Binance rate\u00a0 A consolidation above $2k is bullish for Ethereum and will provide a springboard for a push higher In a recent Twitter commentary, Timothy Peterson of Cane Island Alternative Advisors forecasted that Ethereum will continue to outperform Bitcoin in the short term. Key [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":562362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823],"tags":[1322,108122,213,5016],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566313"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=566313"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/562362"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=566313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=566313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=566313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}