$5,000 Ethereum by the end of May? On-chain data suggests so
Cointelegraph
Published Apr 14, 2021 01:23PM ET
Updated Apr 14, 2021 03:00PM ET
On April 14, the price of Ether (ETH) just hit an all-time high at $2,400 and although the price has increased more than three-fold since the beginning of this year, the current speculative premium suggests, there is a lot of room for upside.
h3 Ether's speculative premium is far from overheated/h3While the current price of Ether is at around $2,375, the Realized Price, meaning the average price paid by all investors who are currently holding Ether is at $802. This means that current buyers of Ether are willing to pay 2.99x the price of what all current holders have paid on average for their Ether. While this might sound high, this multiple went as high as 6 in the last bull market.
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Written By: Cointelegraph
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