The price of Ether is set to test its all-time high in the coming days as Bitcoin leads the market recovery.
Bitcoin’s (BTC) price saw a significant 28% correction during the week from $41,000 to $30,000. At the same time, Ether (ETH) also saw a drop of 32%. The recent high for ETH/USD was $1,350 — or about $70 shy of the all-time high — while the recent low was seen at $910.
January has seen heavy volatility in the crypto markets. The sentiment has been flipping from euphoria to depression and back again. However, the market is still in a bull market even if another correction occurs.
In that regard, it’s just a matter of time until a new all-time high is made for Ether, following Bitcoin’s footsteps.