Disclosure: Delphi Ventures and members of our team have exposure to ETH. This is statement is intended to disclose any perceived conflict of interest and should not be misconstrued as a recommendation to purchase ETH. This is not investment advice.
On January 13, 2018, ETH reached an all time high of $1,432 according to data from Messari. Almost three years later to the day, ETH briefly surpassed this previous peak, hitting $1,440 on Coinbase earlier this morning. In our recent post on crypto seasonality, we forecasted the possibility of this event given recent price moves in BTC and the historically strong performance ETH has seen in the month of January.
This is a vindicating moment for those who weathered the 94% drawdown in price from peak to trough. Let’s keep building.