{"id":639317,"date":"2024-09-03T03:30:01","date_gmt":"2024-09-03T03:30:01","guid":{"rendered":"https:\/\/wncen.com\/?p=639317"},"modified":"2024-09-02T16:17:07","modified_gmt":"2024-09-02T16:17:07","slug":"5000-ethereum-2016-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/","title":{"rendered":"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements"},"content":{"rendered":"

The Ethereum price action has significantly underperformed traders’ expectations over the past few months. Ethereum is currently<\/span> trapped in a bearish trend<\/span><\/a>, with its price now down by 23% over a 30-day period. This downturn contrasts sharply with the hopes of many ETH investors who have been anticipating a bullish surge <\/span>following the launch of<\/span><\/a> Spot Ethereum ETFs.<\/span><\/p>\n

However, technical analysis suggests that Ethereum’s recent performance <\/span>is not unusual <\/span><\/a>for the cryptocurrency, as it appears to be mirroring a similar pattern observed in 2016.<\/span><\/p>\n

Ethereum Maintains Similarities With 2016 Price Movements<\/h2>\n

Despite the price concerns, a deeper look into Ethereum’s historical price movements suggests that the current situation might not be as unfamiliar as it seems. According to an ongoing analysis by popular crypto analyst Benjamin Cowen, Ethereum’s price action in 2024 closely mirrors its performance in 2016 when viewed on the monthly candlestick chart. This pattern of repetition became even more apparent after August 2024 concluded with Ethereum closing on a bearish candle, mirroring the same outcome in August 2016.<\/span><\/p>\n

Related Reading: Dogecoin Eyes Massive Bull Surge As Metrics Turn Green<\/a><\/div>\n

Isolated, this would’ve probably not meant anything. However, as Cowen has highlighted, this pattern has been consistent throughout 2024, dating back to January. Interestingly, Ethereum has closed monthly candlesticks the same way as in 2016 for eight months in a row. As such, this could give an idea of how Ethereum could continue to play out for the rest of the year.<\/span><\/p>\n

\n

#ETH<\/a> \/ #USD<\/a> monthly candles continue to track 2016 perfectly.<\/p>\n

If it continues to play out, it would suggest #ETH<\/a> is green in September, and then red Oct-Dec.<\/p>\n

Then in 2025 #ETH<\/a> turns green for a while pic.twitter.com\/G8WtDwQlWY<\/a><\/p>\n

\u2014 Benjamin Cowen (@intocryptoverse) August 21, 2024<\/a><\/p><\/blockquote>\n

Back in 2016, Ethereum eventually went on a massive 19,000% rally, which saw it reach $1,590 for the first time. If this continues to play out like in 2016, investors can look towards a green monthly close for Ethereum in September and then three consecutive bearish months from October to December. If this price action repetition continues after December 2024, Ethereum will eventually go on a notable price rally above its current all-time high. This would push fervent Ethereum bulls into the much-needed profitability they’ve been anticipating.\u00a0<\/span><\/p>\n

Road To $5,000?<\/h2>\n

At the time of writing, Ethereum is trading at $2,445, a decline of 10.85% over the past seven days and 23% over the past 30 days. If the current trend continues to mirror the 2016 pattern, Ethereum’s bearish momentum might <\/span>persist throughout<\/span><\/a> the remainder of the year. However, not all hope is lost for Ethereum bulls, as the cryptocurrency is currently hovering around a critical support level that could <\/span>trigger a rebound upwards.<\/span><\/a><\/p>\n

Related Reading: Crypto Market In Trouble As Analyst Predicts $1 Trillion Crash<\/a><\/div>\n

Ethereum’s price is at a crucial support level, specifically at the 0.382 Fibonacci retracement level, just above $2,400. A significant bounce from this level could signal the start of an upward trend, leading to a close above its monthly open by the end of September. An ETH surge above $3,000 into $4,000, and subsequently, $5,000 is still in the books.<\/span><\/p>\n

\"Ethereum
ETH price above $2,600 | Source: ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The Ethereum price action has significantly underperformed traders’ expectations over the past few months. Ethereum is currently trapped in a bearish trend, with its price now down by 23% over a 30-day period. This downturn contrasts sharply with the hopes of many ETH investors who have been anticipating a bullish surge following the launch of Spot Ethereum ETFs. However, technical analysis suggests that Ethereum’s recent performance is not unusual for the cryptocurrency, as it appears to be mirroring a similar pattern observed in 2016. Ethereum Maintains Similarities With 2016 Price Movements Despite the price concerns, a deeper look into Ethereum’s historical price movements suggests that the current situation might not be as unfamiliar as it seems. According to an ongoing analysis by popular crypto analyst Benjamin Cowen, Ethereum’s price action in 2024 closely mirrors its performance in 2016 when viewed on the monthly candlestick chart. This pattern of repetition became even more apparent after August 2024 concluded with Ethereum closing on a bearish candle, mirroring the same outcome in August 2016. Related Reading: Dogecoin Eyes Massive Bull Surge As Metrics Turn Green Isolated, this would’ve probably not meant anything. However, as Cowen has highlighted, this pattern has been consistent throughout 2024, dating back to January. Interestingly, Ethereum has closed monthly candlesticks the same way as in 2016 for eight months in a row. As such, this could give an idea of how Ethereum could continue to play out for the rest of the year. #ETH \/ #USD monthly candles continue to track 2016 perfectly. If it continues to play out, it would suggest #ETH is green in September, and then red Oct-Dec. Then in 2025 #ETH turns green for a while pic.twitter.com\/G8WtDwQlWY \u2014 Benjamin Cowen (@intocryptoverse) August 21, 2024 Back in 2016, Ethereum eventually went on a massive 19,000% rally, which saw it reach $1,590 for the first time. If this continues to play out like in 2016, investors can look towards a green monthly close for Ethereum in September and then three consecutive bearish months from October to December. If this price action repetition continues after December 2024, Ethereum will eventually go on a notable price rally above its current all-time high. This would push fervent Ethereum bulls into the much-needed profitability they’ve been anticipating.\u00a0 Road To $5,000? At the time of writing, Ethereum is trading at $2,445, a decline of 10.85% over the past seven days and 23% over the past 30 days. If the current trend continues to mirror the 2016 pattern, Ethereum’s bearish momentum might persist throughout the remainder of the year. However, not all hope is lost for Ethereum bulls, as the cryptocurrency is currently hovering around a critical support level that could trigger a rebound upwards. Related Reading: Crypto Market In Trouble As Analyst Predicts $1 Trillion Crash Ethereum’s price is at a crucial support level, specifically at the 0.382 Fibonacci retracement level, just above $2,400. A significant bounce from this level could signal the start of an upward trend, leading to a close above its monthly open by the end of September. An ETH surge above $3,000 into $4,000, and subsequently, $5,000 is still in the books. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":639339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[167,6664,26263,14690,8323,89213,16163,1946,7931,6931,8686,78803],"class_list":["post-639317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nRoad To $5,000: Ethereum Maintains Similarities With 2016 Price Movements<\/title>\n<meta name=\"description\" content=\"The Ethereum price action has significantly underperformed traders' expectations over the past few months, dropping below $3,000.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements\" \/>\n<meta property=\"og:description\" content=\"The Ethereum price action has significantly underperformed traders' expectations over the past few months, dropping below $3,000.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-03T03:30:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-02T16:17:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements\",\"datePublished\":\"2024-09-03T03:30:01+00:00\",\"dateModified\":\"2024-09-02T16:17:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/\"},\"wordCount\":535,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024\",\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"ETH\",\"ETH news\",\"eth price\",\"ethereum\",\"ethereum news\",\"ethereum price\",\"ethusd\",\"ETHUSDT\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/\",\"name\":\"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024\",\"datePublished\":\"2024-09-03T03:30:01+00:00\",\"dateModified\":\"2024-09-02T16:17:07+00:00\",\"description\":\"The Ethereum price action has significantly underperformed traders' expectations over the past few months, dropping below $3,000.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Ethereum\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/wncen.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements","description":"The Ethereum price action has significantly underperformed traders' expectations over the past few months, dropping below $3,000.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/","og_locale":"en_US","og_type":"article","og_title":"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements","og_description":"The Ethereum price action has significantly underperformed traders' expectations over the past few months, dropping below $3,000.","og_url":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-09-03T03:30:01+00:00","article_modified_time":"2024-09-02T16:17:07+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements","datePublished":"2024-09-03T03:30:01+00:00","dateModified":"2024-09-02T16:17:07+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/"},"wordCount":535,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024","keywords":["analyst","crypto","crypto analyst","crypto news","ETH","ETH news","eth price","ethereum","ethereum news","ethereum price","ethusd","ETHUSDT"],"articleSection":["Ethereum"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/","url":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/","name":"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024","datePublished":"2024-09-03T03:30:01+00:00","dateModified":"2024-09-02T16:17:07+00:00","description":"The Ethereum price action has significantly underperformed traders' expectations over the past few months, dropping below $3,000.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024","width":1792,"height":1024,"caption":"Ethereum"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements","url":"http:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/5000-ethereum-2016-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","eth","eth news","eth price","ethereum","ethereum news","ethereum price","ethusd","ethusdt"],"dateCreated":"2024-09-03T03:30:01Z","datePublished":"2024-09-03T03:30:01Z","dateModified":"2024-09-03T03:30:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/5000-ethereum-2016-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/5000-ethereum-2016-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"eth\",\"eth news\",\"eth price\",\"ethereum\",\"ethereum news\",\"ethereum price\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-09-03T03:30:01Z\",\"datePublished\":\"2024-09-03T03:30:01Z\",\"dateModified\":\"2024-09-03T03:30:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Ethereum.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/639317"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=639317"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/639317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/639339"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=639317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=639317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=639317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}