September 26, 2021

ETH breaks all-time high amid fresh price surge

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Ethereum, crypto’s second largest asset by market cap, has broken its previous all-time price high near $2,041 , set on February 19, 2021.

Ethereum (ETH) hit a record price high of approximately $2,081 today, according to TradingView data. ETH trades near $2,067 at time of publication.

Since its February high, ETH has corrected twice on its daily chart, posting a higher low on the second correction. In the days after its $2,041 summit, the asset dropped down to about $1,293. ETH recovered up to about $1,943 by March 13 before falling back down near $1,546 in subsequent days.

Since the drop down near $1,546, ETH has posted four consecutive green daily candles. Today will be the fifth, if it closes green.

CoinMarketCap lists ETH as the second largest asset by market cap currently. Holding a market cap near $239 billion at time of publication, ETH sits comfortably in second place above Binance Coin (BNB), but a long way from Bitcoin’s (BTC) $1.1 trillion total valuation.

Ethereum has seen a large number of headlines over the past several months, in line with its transition to Ethereum 2.0, or Eth2, as well as its role in decentralized finance, or DeFi.Title: ETH breaks all-time high amid fresh price surge
Sourced From: cointelegraph.com/news/eth-breaks-all-time-high-amid-fresh-price-surge
Published Date: Fri, 02 Apr 2021 17:50:57 +0100

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