Ethereum atteint un nouveau record historique de près de 2 000 $ 2021 bull run est différent

Éther (ETH) hit fresh all-time highs and neared $2,000 for the first time on Feb. 18 as momentum returned to trading.

ETH/USD 1-day candle chart (Bitstamp). La source: TradingView

ETH sets sights on $2,000

Data from Cointelegraph Markets and Tradingview showed ETH/USD coming within 4% du $2,000 barrier on Thursday.

After spending much of February trading sideways with modest upward momentum, the largest altcoin reawakened this week. Au moment de la rédaction, daily gains totaled more than 4%, with Ether clocking new all-time highs of $1,930.

In a fresh market update, Cointelegraph Markets analyst Michaël van de Poppe forecast a potential breakout to $2,200 should bulls successfully tackle $2,000.

Due to the extended period spent at just below that level, toutefois, it was important that these hold as support in order to avoid a dramatic retracement.

"Toutefois, encore une fois, quite a tricky breakout, so you basically have to watch that zoneat $1,820,” he summarized.

A failure of support would in turn bring $1,400 retour en jeu, this potentially coming if Bitcoin (BTC) also sees a correction from near all-time highs of its own, Van de Poppe added.

Comme l'a rapporté Cointelegraph, Ether’s gains have outstripped Bitcoin in 2021, with year-to-date gains of 164% versus around 85% for BTC/USD.

Performances cumulatives BTC et ETH. La source: Données sur les actifs numériques

Sellers fail to materialize

pendant ce temps, data coming to light this week sheds some light on long-closed events, which could have aided Ether’s meteoric rise.

Published by Ki Young Ju, CEO of on-chain analytics service CryptoQuant, withdrawal figures for Coinbase show three very large tranches of around 200,000 ETH leaving the exchange for private wallets in 2020.

Coinbase ETH outflows chart. La source: CryptoQuant

According to Ki, these could have come in the form of large volume investors closing over-the-counter (OTC) deals similar to what was previously observed with Bitcoin.

“There were three consecutive massive $ETH outflows from Coinbase cold wallets last year,” he wrote in comments alongside a chart showing the transactions.

“Speculative guess but those might be OTC deals for institutional investors like $BTC Coinbase outflows.”

Ki suggested that it may be worth setting alerts to monitor similar behavior in case this is a trigger for price performance.

“$ETH all-time high in 2021 is different from 2018,he added in a further tweet on Thursday.

Fewer deposits, more withdrawals across all exchanges. Selling pressure significantly weaker than in 2018.

Bloquons les annonces! (Pourquoi?)

La source: Cointelegraph