{"id":34345,"date":"2021-01-04T14:31:50","date_gmt":"2021-01-04T12:31:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34345"},"modified":"2025-08-28T20:01:18","modified_gmt":"2025-08-28T17:01:18","slug":"ethereum-price-tops-1169-and-pulls-back","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-price-tops-1169-and-pulls-back\/","title":{"rendered":"Ethereum price tops $1,169 and pulls back"},"content":{"rendered":"<p>On Monday, January 4, prices of the second-largest cryptocurrency by market capitalization rose above $1,169 per coin (on Bitstamp).<!--more--><\/p>\n<div id=\"attachment_121308\" style=\"width: 1570px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-121308\" class=\"wp-image-121308 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-24-1.png\" alt=\"Ethereum price exceeded $1,150 and retreated\" width=\"1560\" height=\"442\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-24-1.png 1560w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-24-1-300x85.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-24-1-1024x290.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-24-1-768x218.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-24-1-1536x435.png 1536w\" sizes=\"auto, (max-width: 1560px) 100vw, 1560px\" \/><\/p>\n<p id=\"caption-attachment-121308\" class=\"wp-caption-text\">Data: TradingView.<\/p>\n<\/div>\n<p>From the January 2018 all-time high of $1,448, the price was within less than 20% of it.<\/p>\n<p>Well-known trader Alex Kr\u00fcger noted that Ethereum retraced three months of losses against Bitcoin in a single day.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Ethereum undid a three month slide against bitcoin \u2026 in one day. <a href=\"https:\/\/t.co\/3HROibA0s7\">pic.twitter.com\/3HROibA0s7<\/a><\/p>\n<p>\u2014 Alex Kr\u00fcger (@krugermacro) <a href=\"https:\/\/twitter.com\/krugermacro\/status\/1345969025818517504?ref_src=twsrc%5Etfw\">January 4, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On publication, Ethereum price retreated to around $950, though the cryptocurrency&#8217;s market capitalization stood above $100 billion (per <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\">CoinGecko<\/a>).<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>\u2018s market cap is now $100 billion.<\/p>\n<p>\u2014 Anthony Sassano | sassal.eth \ud83c\udff4 (@sassal0x) <a href=\"https:\/\/twitter.com\/sassal0x\/status\/1345737436685484038?ref_src=twsrc%5Etfw\">January 3, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The rise in prices pushed the network&#8217;s average fee to roughly $20.<\/p>\n<div id=\"attachment_121307\" style=\"width: 1014px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-121307\" class=\"wp-image-121307 size-full\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-12.png\" alt=\"Ethereum price exceeded $1,150 and retreated\" width=\"1004\" height=\"592\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-12.png 1004w, https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-12-300x177.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Untitled-1-12-768x453.png 768w\" sizes=\"auto, (max-width: 1004px) 100vw, 1004px\" \/><\/p>\n<p id=\"caption-attachment-121307\" class=\"wp-caption-text\">Data: Blockchair.<\/p>\n<\/div>\n<p>This sparked a wave of jokes among users.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">I heard he can afford to send txs on etherium <a href=\"https:\/\/t.co\/iTYRMElaF3\">pic.twitter.com\/iTYRMElaF3<\/a><\/p>\n<p>\u2014 icebergy \u2744\ufe0f (@icebergy_) <a href=\"https:\/\/twitter.com\/icebergy_\/status\/1345798926818021385?ref_src=twsrc%5Etfw\">January 3, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>The caption beneath the tweet&#8217;s image reads: \u201cI heard he can afford to send transactions on Ethereum.\u201d<\/p>\n<\/blockquote>\n<p>The CTO of Tether and Bitfinex, Paolo Ardoino, also commented on the fluctuations in gas costs in the network.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Live footage of <a href=\"https:\/\/twitter.com\/hashtag\/ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#ethereum<\/a> gas price (>400 wei) <a href=\"https:\/\/t.co\/OMwkJgQNOQ\">pic.twitter.com\/OMwkJgQNOQ<\/a><\/p>\n<p>\u2014 Paolo Ardoino (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1345757970865520640?ref_src=twsrc%5Etfw\">January 3, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As Messari <a href=\"https:\/\/u1f987.com\/en\/news\/messari-institutional-investors-to-flock-to-ethereum-in-2021\">forecast<\/a> in 2021, demand for Ethereum from institutional investors is expected to rise.<\/p>\n<p>Follow Forklog\u2019s news on Facebook!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, January 4, prices of the second-largest cryptocurrency by market capitalization rose above $1,169 per coin (on Bitstamp).<\/p>\n","protected":false},"author":1,"featured_media":34346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46],"class_list":["post-34345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34345"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34345\/revisions"}],"predecessor-version":[{"id":34347,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34345\/revisions\/34347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34346"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}