{"id":654214,"date":"2024-11-21T18:00:09","date_gmt":"2024-11-21T18:00:09","guid":{"rendered":"https:\/\/ktsl888.com\/?p=654214"},"modified":"2024-11-21T12:29:59","modified_gmt":"2024-11-21T12:29:59","slug":"ethereum-price-reach-new-ath","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-reach-new-ath\/","title":{"rendered":"Analyst Reveals When The Ethereum Price Will Reach A New ATH, It’s Closer Than You Think"},"content":{"rendered":"
The Ethereum price has been <\/span>consolidating for about a week<\/span><\/a> since it hit a four-month high at $3,420. As the second largest cryptocurrency, Ethereum has the biggest price correlation with Bitcoin. However, you could argue the Ethereum price<\/span> has been largely left behind<\/span><\/a> in terms of performance throughout the ongoing bull cycle. Interestingly, a crypto analyst, Ben Lilly, has shared a bold prediction about the trajectory of the Ethereum price.\u00a0<\/span><\/p>\n Taking to a post on the social media platform X, Ben Lilly forecasted that the Ethereum price will reach a new all-time high (ATH) between December 21, 2024, and January 7, 2025. The prediction stems from his analysis of the previous performance of the ETH price movements during Bitcoin\u2019s ATH discovery phase in 2021.<\/span><\/p>\n In his analysis, Ben Lilly referenced <\/span>Ethereum’s price behavior<\/span><\/a> during the historic rally of the Bitcoin price in the 2021 bull run. At the time, the Ethereum price was trading nearly 60% below its 2018 peak. After Bitcoin broke out to fresh ATH levels, it took Ethereum five weeks to follow suit, rallying by about 640% to reach its current ATH of $4,878.<\/span><\/p>\nA Historical Parallel: Ethereum’s 2021 Rally<\/h2>\n