Just nine days after the crypto community celebrated a new Bitcoin ATH, today, it’s Ethereum’s turn – traders and investors rejoice as ETH broke above its former all-time high of $4,380 (on Bitstamp).
Ethereum bulls celebrate today as the cryptocurrency marked a significant milestone breaking above the former all-time high of $4,380. As of writing these lines, ETH’s new high sets at $4,400.
It took ETH precisely 171 days from May 12th, 2021, to accomplish this.
It comes on the back of a wider increase of around 7.5% in the past 24 hours and over 50% during the last month, according to CoinGecko.
ETH’s total market cap has surged above half a billion as it currently sits at around $511 billion.
This also happens just a few days after the total value locked in various DeFi protocols surpassed $100 billion for the first time.
It’s interesting to see where the price of ETH will head from here, as many analysts believe that there’s a considerable altcoin season coming following Bitcoin’s recent rally.
ETH/USD, chart by TradingView.
OhNoRipple via https://www.ohnocrypto.com/ @George Georgiev, @Khareem Sudlow
Ethereum’s Turn: ETH Records New All-time High, Surpassing May 2021’s Peak
Reviewed by Khareem Sudlow
on
October 29, 2021
Rating: 5
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